Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement of the unaudited financial results for quarter ended June 30, 202227-07-2022
27-07-2022
Macrotech Developers Ltd - 543287 - Audio Recording Of Presentation On Unaudited Financial Results (Consolidated And Standalone) For The Quarter Ended June 30, 2022
In compliance with Regulation 30 of the Regulations, the audio recording of the Analysts/Investors Conference Call held on July 26, 2022, is hosted on Company's website i.e., www.lodhagroup.in26-07-2022
Macrotech Developers profit rises 68% to Rs 271 crore in June quarter
On the performance, Macrotech Developers Ltd MD and CEO Abhishek Lodha highlighted that the April-June period was its best-ever first quarter with Rs 2,814 crore of pre-sales from India business.25-07-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor's presentation on the Unaudited Financial Results for the quarter ended June 30, 2022 is enclosed herewith.25-07-2022
Q1FY23 Quarterly Result Announced for Macrotech Developers Ltd.
Realty company Macrotech Developers announced Q1FY23 results: Pre-sales: Rs 2,814 crore (up 194% YoY) Collection: Rs 2,616 crore (up 53% YoY) Revenues from ops.: Rs 2,676 crore (up 67% YoY) Adjusted EBITDA: Rs 903 crore (up 68% YoY) PAT adjusted for forex: Rs 355 crore (190% YoY) Commenting on the performance, Mr. Abhishek Lodha, MD & CEO, Macrotech Developers Ltd. said, “Q1FY23 was our best ever 1st quarter with Rs 2,814 crores of pre-sales from our India business. With this strong start to the FY, we are pleased that 75% of the sales growth that we had forecasted for this year (Rs 1,857 cr. out of Rs ~2,500 cr. required to grow from Rs 9,024 cr. to Rs 11,500 cr.) has already been delivered. We are carefully monitoring the impact of inflation and rising interest rates but have not yet seen any impact on housing demand from quality developers. Over the medium & long-term, driven by good wage growth, increase in the relevance of housing to the family after Covid, and consolidation of supply with high-credibility developers, we believe that the housing industry in India is in a structural upcycle. During the quarter, we continued to see robust reduction in debt with net debt reduced by Rs ~450 crores to Rs 8,856 crores. With this continued positive momentum in debt reduction, our average cost of funds declined substantially to 10.1% at end of Q1FY23 from 10.5% at end of the previous quarter, in spite of the broader increase in interest rates. On the back of improved balance sheet and strong growth ahead, India Ratings upgraded the credit rating by two notches to ‘A/ Positive’. We continue to see good momentum across all segments, with the affordable & mid-income segments being particularly strong. We believe that significant growth will come from these segments in the next few years as per capita income grows in India and households, which hitherto have been unable to afford housing so far, start becoming ‘housing-capable’.We continue to see good momentum across all segments, with the affordable & mid-income segments being particularly strong. We believe that significant growth will come from these segments in the next few years as per capita income grows in India and households, which hitherto have been unable to afford housing so far, start becoming ‘housing-capable’. During the quarter we have signed up three JDA projects for 5.1 million square feet area with a GDV of Rs ~6,200 crores. On the back of strong attractiveness of our brand to land owners and therefore a robust pipeline of JDAs, we expect to add new projects with a combined GDV of Rs ~15,000 crores in FY23. During this quarter, we have also taken two new initiatives – first the entry into the Bengaluru market which now enables Lodha to cover 2/3rd (by value) of the housing demand in the top 7 Indian cities, and secondly our platform with Bain Capital and Ivanhoe Cambridge to create high quality green digital infrastructure (logistics and industrial parks) across India. We expect both of these to contribute to growth from FY24. Further, our London investments continue to track towards repatriation of investment starting in FY23 which will further strengthen the cash flows of the Indian business As a company which focusses on ‘do good, do well’, we published our first integrated annual report in June 22 and continue to make good progress towards becoming ‘net zero carbon’ by 2035. With the recent joining of Shri Rajeev Bakshi as an Independent Director on our Board, we hope to expedite our journey to become the global leader in ESG in the real estate industry.” Result PDF25-07-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release enclosed herewith25-07-2022
Macrotech Developers Ltd - 543287 - Submission Of Unaudited Financial Results (Consolidated And Standalone) For The Quarter Ended June 30, 2022
Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2022 is enclosed herewith25-07-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Schedule of Analysts/Investors Conference Call is enclosed herewith21-07-2022
Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of equity shares pursuant to 'Macrotech Developers Limited - Employee Stock Option Plan 2021."19-07-2022
Macrotech Developers Ltd - 543287 - Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30, 2022
Macrotech Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/07/2022 ,inter alia, to consider and approve consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 202218-07-2022