Macrotech Developers Ltd

(LODHA)

Macrotech Developers Expands with Major Land Acquisitions - 15 Oct, 2024

Macrotech Developers has acquired seven land parcels in Mumbai, Pune, and Bengaluru for housing projects valued at Rs 16,600 crore, surpassing 75% of its annual target. The company reported a 21% increase in sales bookings to Rs 4,290 crore during the July-September period, reflecting strong housing demand.

Macrotech Developers Reports Strong Q2 and Market Cap Growth - 14 Oct, 2024

Macrotech Developers announced a 21% increase in Q2 FY25 sales bookings, alongside a market cap rise of ₹3,086.94 crore due to a 2.58% share price surge.

Macrotech Developers Reports Rising Debt and Sales Growth - 13 Oct, 2024

Macrotech Developers' net debt increased by 14% to Rs 4,920 crore as of September 30, 2024, driven by investments in land acquisition. The company also reported a 21% rise in sales bookings to Rs 4,290 crore during the July-September period, reflecting strong housing demand. Macrotech aims for 21% annual growth in sales bookings for FY25.

Residents Sue Developer Over Jet Hours in Trump Tower - 10 Oct, 2024

Residents of Trump Tower Mumbai have approached the Bombay High Court against the developer for failing to provide 10 hours of free private jet flying as per their sale agreement. They demand either the flying hours or a refund of Rs 40 lakh each, claiming no additional costs were mentioned in their agreement.

Macrotech Developers Reports Strong Q2FY25 Pre-Sales - 08 Oct, 2024

Macrotech Developers achieved record Q2FY25 pre-sales of Rs 4,290 crore. While geographical diversification and asset monetization support growth, reliance on MMR and interest rate uncertainties pose risks.

Macrotech Developers Reports Record Pre-Sales Growth - 07 Oct, 2024

Macrotech Developers reported record pre-sales of Rs 4,290 crore in Q2FY25, up 21% YoY, with collections at Rs 3,070 crore, reflecting strong housing demand. Brokerages maintain positive outlooks, with Nomura reaffirming a buy rating and a target price of Rs 1,600.

Macrotech Developers Achieves Strong Sales Growth - 06 Oct, 2024

Macrotech Developers reported a 21% growth in sales bookings, reaching Rs 8,320 crore in the first half of the fiscal year, on track for 20% full-year growth.

Macrotech Developers Reports Strong Q2 Pre-Sales Growth - 05 Oct, 2024

Macrotech Developers achieved a 21% year-on-year increase in pre-sales to Rs 4,290 crore in Q2 FY25. The company also reported collections of Rs 3,070 crore, up 11% YoY, and is on track to meet its full-year growth guidance. Additionally, it acquired land for digital infrastructure and increased its stake in the rental income platform.

Macrotech Developers Achieves Record Sales Amid Stock Decline - 04 Oct, 2024

Macrotech Developers reported record pre-sales of Rs 4,290 crore in Q2 FY25, marking a 21% YoY increase. However, the stock fell 3.55% amid broader market trends.

Macrotech Developers Faces Significant Stock Decline - 30 Sep, 2024

Macrotech Developers Ltd (Lodha) experienced a notable decline in stock price, losing ₹6,005 crore in market capitalization due to investor caution amid real estate sector concerns.

Macrotech Increases Stake in Digital Infrastructure Platforms - 20 Sep, 2024

Macrotech Developers has acquired stakes in three digital infrastructure platforms from Ivanhoe Cambridge for approximately ₹240 crore, enhancing its rental income potential and aligning with its growth strategy in the real estate sector.

Macrotech Developers Acquires Stake in Digital Infrastructure - 19 Sep, 2024

Macrotech Developers announced plans to acquire a ₹239.56 crore stake in three digital infrastructure companies from Ivanhoe Warehousing India Inc., increasing its ownership significantly. This strategic move aims to boost rental income and support growth in the industrial and logistics sectors.

Macrotech Developers Shares Rise on Buy Rating - 17 Sep, 2024

Macrotech Developers' shares increased by 3.6% after Nomura initiated coverage with a buy rating, citing strong earnings visibility and growth potential, particularly from the Palava project. However, concerns about a potential slowdown in India's residential market and infrastructure delays remain.

Nomura's Buy Rating Boosts Macrotech Developers Stock - 16 Sep, 2024

Macrotech Developers Ltd. gained attention as Nomura initiated coverage with a Buy rating and a target price of ₹1,600, predicting strong growth and upside potential. The stock surged 5% on increased trading volume, reflecting positive market sentiment and solid earnings visibility.