Introduction
The real estate industry has been buzzing with excitement as Macrotech Developers (Lodha Group), one of India’s leading real estate developers. Recently announced its record-breaking pre-sales figures for the first quarter of the fiscal year 2024-25. The company achieved its highest-ever Q1 pre-sales of Rs 4,030 crores.
Lodha, a leading real estate developer, has unveiled its financial performance for the first quarter (Q1) of the fiscal year 2024-25 (FY25) ending June 30, 2024. Notably, the company achieved its highest-ever of Rs 4,030 crores. Demonstrating a remarkable 20% year-on-year (YoY) growth.
Furthermore, the company successfully launched three new projects in the MMR and Pune. Collectively valued at Rs 11,100 crores. This impressive performance underscores Lodha’s strong momentum. Unwavering commitment to delivering exceptional real estate projects.
Lodha’s Pre-Sales Break Record
Macrotech developers (Lodha) has always been at the forefront of innovation and excellence in the real estate sector. With a diverse portfolio of residential, commercial, and retail projects. The company has established itself as a trusted brand synonymous with luxury, quality, and reliability. Lodha’s focus on a customer-centric approach, attention to detail. Adherence to strict quality standards have earned it a loyal customer base and set it apart from its competitors.
In Q1 FY25, Lodha has shown impressive financial performance. The company’s collections grew by 12% YoY to reach Rs 2,690 crores. Its revenue from operations saw a substantial 76% YoY increase, reaching Rs 2,850 crores. Lodha’s adjusted EBITDA for the quarter stood at Rs 960 crores, representing a remarkable 107% YoY increase. Moreover, the profit after tax (PAT) surged by an impressive 186% YoY, reaching Rs 480 crores in Q1 2024.
Lodha’s record-breaking pre-sales figures for Q1 FY25 have not only solidified its position. But have also sent ripples across the real estate industry. The company’s success serves as a testament to the resilience and growth potential of the sector. Inspiring other developers to raise the bar and strive for excellence in their projects.
Macrotech Developers (Lodha) Net Profit
In the quarter ending on June 30, 2024, Microtech Developers (Lodha) achieved an impressive 166% surge. In consolidated net profit, reaching Rs 476 crores. This remarkable growth follows a profit of Rs 178 crores in the corresponding period last year.
- Pre-Sales: Rs. 4,030 crores (+20% YoY)
- Collection: Rs. 2,690 crores (+12% YoY)
- Revenue from Ops: Rs. 2,850 crores (+76% YoY)
- Adj EBITDA: Rs. 960 crores (+107% YoY)
Conclusion
Macrotech Developers (Lodha group) released the official statement. Lodha group Q1 FY25 pre-sales break records. For some years this company has gained a profit. So, Lodha Group has shown impressive financial performance. In addition to its strong financial performance. It has also established a reputation for delivering high-quality real estate projects. Their consistent success in pre-sales reflects the trust and confidence customers have in their brand. For more information, visit Openplot.
| Also read What is the Lodha Properties Price in Thane? Lodha Properties: Thane, a city of historical significance, has emerged as one of the most preferred destinations for home buyers. With its well-developed infrastructure, excellent connectivity, and ample job opportunities, Thane offers its residents a high quality of life. YEIDA Plots Scheme 2024: Yamuna Expressway Authority to Launch 3 Plot Scheme in July The Yamuna Expressway Industrial Development Authority (YEIDA) will launch three pilot schemes. Yeida plots scheme 2024 for group housing and commercial projects. In July, the Yamuna Expressway authority will also launch schemes. |