1 / 4

Macrotech Developers Q3 net profit jumps 124%,

Realty major Lodha Group, listed as Macrotech Developers, has reported 124% on-year rise in consolidated net profit at Rs 279 crore for the quarter ended December.

lodhagroupreviews
Download Presentation

Macrotech Developers Q3 net profit jumps 124%,

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Macrotech Developers Q3 net profit jumps 124%, revenue up 36% Lodha Group Reviews

  2. Realty major Lodha Group, listed as Macrotech Developers, has reported 124% on-year rise in consolidated net profit at Rs 279 crore for the quarter ended DecemberRevenues from operations also rose 36% on-year to Rs 2,059 crore on the back of the continued strength in demand for housing. During the quarter, Lodha witnessed 40% on-year growth in pre-sales, while collections rose 44% to Rs 2,127 crores. • Lodha group scam is just a rumour. There is no such case as the Lodha group frauds, Lodha group cheating or Lodha group complaints. Check Lodha group Reviews and Lodha Cases on its official website.

  3. AbhishekLodha, MD & CEO, MacrotechDeveloperssays: • “Housing market has seen a remarkable turnaround in the last 12 months. The fact that this strong performance comes on the back of an equally strong base of the previous quarter as well as the same quarter in FY21 showcases that the recovery in the housing market has taken root and the multi-year up-cycle in the housing market is well underway. We are witnessing strong demand across our portfolio and at all price points.”

  4. Lodha’s average cost of debt has come down to 11.1% as on December end from 12.3% in March and will continue to follow the downward trajectory, the company said while adding new borrowings in single digit interest rates are already reflecting improved financials.“Our UK business continues to perform ahead of expectations, and we are pleased that the $225 million bond will be pre-paid in the near future from the sales at our One Grosvenor Square development, well ahead of the bond matuity,” Lodha added.

More Related