Macrotech Developers Ltd

Macrotech Developers will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live

Macrotech Developers announced that Ashwani Kumar (DIN:02870681) has completed his term as Independent Director and consequently ceased to be an Independent Director of the Company with effect from the close of business hours on 07 April 2025.Powered by Capital Market - Live

Macrotech Developers Ltd rose 2.19% today to trade at Rs 1241.3. The BSE Realty index is up 0.69% to quote at 6517.99. The index is up 5.04 % over last one month. Among the other constituents of the index, Anant Raj Ltd increased 0.72% and Oberoi Realty Ltd added 0.68% on the day. The BSE Realty index went down 11.78 % over last one year compared to the 5.08% surge in benchmark SENSEX. Macrotech Developers Ltd has added 16.72% over last one month compared to 5.04% gain in BSE Realty index and 3.34% rise in the SENSEX. On the BSE, 11613 shares were traded in the counter so far compared with average daily volumes of 45441 shares in the past one month. The stock hit a record high of Rs 1648 on 18 Jun 2024. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.Powered by Capital Market - Live

The Lodha brothers ' elder brother, Abhishek Lodha and younger brother, Abhinandan Lodha ' and the companies led by them, have amicably resolved all outstanding disputes under the guidance of their parents. The agreement was reached with the assistance of Justice R.V. Raveendran (Retd.) in the mediation process. The key terms of the resolution, as jointly confirmed by the parties, state that Macrotech Developers Ltd. (MDL), is the owner of, and has the exclusive right to use, the brand names 'Lodha' and 'Lodha Group'. Simultaneously, Abhinandan Lodha is confirmed as the exclusive owner of the brand name 'House of Abhinandan Lodha' (HoABL), establishing a distinct identity for his ventures. Crucially, both 'Lodha Group' and 'House of Abhinandan Lodha' will operate independently and have no connection with each other, with both entities committing to communicate this distinction widely to avoid any future confusion. The agreement explicitly states that Abhinandan Lodha holds no rights or claims in Lodha Group, MDL, or any other businesses led by Abhishek Lodha. Similarly, Abhishek Lodha has no rights or claims in House of Abhinandan Lodha or any other businesses of Abhinandan Lodha, clearly demarcating their respective business interests. The Lodha family stated that no further statements will be issued regarding this matter. Macrotech Developers (Lodha Group) is India's leading luxury real estate developer. The company also has a growing Digital Infrastructure business. Its consolidated net profit rose 88% to Rs 944.40 crore on 39% jump in revenue from operations to Rs 4,083 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live

In a significant development, the Lodha brothers '' elder brother, Abhishek Lodha and younger brother, Abhinandan Lodha '' and the companies led by them, have amicably resolved all outstanding disputes under the guidance of their parents. The following has been agreed and confirmed by the parties: '' Macrotech Developers  (MDL), is the owner of, and has the exclusive right to use, the brand names ''Lodha'' and ''Lodha Group''. ''  Abhinandan Lodha, is the owner of, and has the exclusive right to use the brand name ''House of Abhinandan Lodha'' (HoABL). '' ''Lodha Group'' and ''House of Abhinandan Lodha'' have no connection with each other. Both entities will communicate this widely. Both Abhishek and Abhinandan express their heartfelt gratitude to Hon''ble Justice R.V. Raveendran (Retd.), whose guidance in the mediation process was invaluable. The family is grateful to the Hon''ble Justice Arif Doctor for encouraging them to follow the process of mediation. They also extend their sincere appreciation to all family elders and well-wishers who provided their counsel and support throughout the resolution process. '' Abhinandan has no rights or claims in Lodha Group or MDL or other businesses of Abhishek. Abhishek has no rights or claims in HoABL or other businesses of Abhinandan.Powered by Capital Market - Live

For FY25, the company's pre-sales is Rs 17,630 crore, up 21% YoY. Collections for Q4 FY25 were Rs 4,440 crore, which is higher by 26% YoY. FY25 collections were Rs 14,490 crore, showing a growth of 29% YoY. The company's net debt reduced by Rs 320 crore during the quarter to Rs 3,990 crore, well below its ceiling of 0.5x net debt/equity. India Ratings has upgraded Macrotech's rating to 'IND AA/(Stable)'. In Q4 FY25, the company added two new projects in Pune with GDV of Rs 4,300 crore. With this, the company now has nine locations across Pune. 'This sets us on path to further increase our market share and continue grow towards becoming the No. 1 developer in Pune,' Macrotech said in a statement. It further stated: During the year, we have added 10 new projects (excluding Digital Infra projects) with Rs 23,700 crore of GDV across MMR, Bengaluru and Pune, surpassing our full year guidance of Rs 21,000 crore. For Digital Infra (warehousing and industrial), we added two locations in in NCR and Chennai on the one hand and acquired our JV partners stake in the existing platform on the other hand. Macrotech Developers (Lodha Group) is among the largest real estate developers in India. Its consolidated net profit rose 88% to Rs 944.40 crore on 39% jump in revenue from operations to Rs 4,083 crore in Q3 FY25 over Q3 FY24. The scrip tumbled 4.64% to currently trade at Rs 1125.10 on the BSE. Powered by Capital Market - Live

Macrotech Developers has allotted 45,389 equity shares under ESOS on 04 April 2025. Powered by Capital Market - Live

Macrotech Developers Ltd gained 2.27% today to trade at Rs 1184. The BSE Realty index is up 0.78% to quote at 6449.94. The index is up 3.05 % over last one month. Among the other constituents of the index, Prestige Estates Projects Ltd increased 0.86% and Godrej Properties Ltd added 0.85% on the day. The BSE Realty index went down 13.79 % over last one year compared to the 3.12% surge in benchmark SENSEX. Macrotech Developers Ltd has added 5.79% over last one month compared to 3.05% gain in BSE Realty index and 4.28% rise in the SENSEX. On the BSE, 4669 shares were traded in the counter so far compared with average daily volumes of 37433 shares in the past one month. The stock hit a record high of Rs 1648 on 18 Jun 2024. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.Powered by Capital Market - Live

Macrotech Developers has received upgrade in credit ratings from India Ratings & Research for various debt facilities availed by the company at IND AA/ Stable / IND A1+ compared to previous rating of IND AA-/ Stable/ IND A1+. Powered by Capital Market - Live

According to the media reports, the realty developer has finalized an agreement to purchase a 3.4-acre plot in Jogeshwari West from Unichem Laboratories for a sum exceeding Rs 279 crore. The acquired land, situated within the Prabhat Estate off Swami Vivekananda Road, includes an 82,000 square foot office building. This structure previously served as Unichem's registered office. Macrotech Developers (Lodha Group) is among the largest real estate developers in India. Its consolidated net profit rose 88% to Rs 944.40 crore on 39% jump in revenue from operations to Rs 4,083 crore in Q3 FY25 over Q3 FY24. Powered by Capital Market - Live