Latest news with #AbhishekLodha
Hindustan Times
27-05-2025
- Business
- Hindustan Times
Lodha Group eyes growth in Bengaluru with five new projects in FY2026
Abhishek Lodha, managing director and CEO of Macrotech Developers, also known as Lodha Group, said the company expects to have five or more real estate projects in Bengaluru during the current financial year. '...we have concluded our pilot phase successfully in Bengaluru and are now at a stage where the growth phase is starting to take off,' Lodha said during the Q4FY25 investors' call. 'We are expecting to have five or more projects operational in Bengaluru in the course of the current fiscal year.' Bengaluru will begin to contribute meaningfully to the company's growth starting this year. With Bengaluru now in the growth phase, 'we expect to start the pilot in one more city in FY26, which, of course, will take two to three years before it moves into the growth phase,' Lodha said. Also Read: Mumbai Rains: How waterlogging and flooding impact the Mumbai real estate market's property market In 2024, Lodha had said that the company aims to have a market share of 15% in Bengaluru real estate by 2030. In this context, Lodha said, 'We expect to move from our present market share of between 2% and 3% of sales in Bengaluru in the last fiscal year, when we made about ₹14 billion of sales, to more to 15% of the Bengaluru market by the end of the decade.' Lodha Group entered the Bengaluru real estate market in 2021 and expects to gain an average of 2% market share in India's IT Capital. Also Read: Bengaluru: Here's how Foxconn's iPhone plant is reshaping Devanahalli's real estate market In April 2024, Lodha had said that its company's market share in the Mumbai real estate market is at around 10%, and the market share of the top five developers in Mumbai is still in the mid-20s. On April 24, Macrotech Developers reported a 38% year-on-year rise in consolidated net profit to ₹921.7 crore for the March quarter, driven by higher income. Also Read: Is buying a home in Bengaluru worth it, or is renting the better option? The company's net profit stood at ₹665.5 crore in the year-ago period. According to a regulatory filing, its total income rose to ₹4,420.3 crore in the fourth quarter of the previous fiscal year from ₹4,083.9 crore in the corresponding period of the preceding year.
Hindustan Times
13-05-2025
- Business
- Hindustan Times
Abhinandan Lodha-led Lodha Ventures rebrands to Abhinandan Ventures.
Abhinandan-Lodha-led Lodha Ventures has rebranded itself as Abhinandan Ventures while retaining ownership of the Lodha Ventures brand, the company said on May 13. A spokesperson of the company clarified that the rebranding is unrelated to the recent trademark dispute between Abhinandan and his elder brother, Abhishek Lodha. The new identity, Abhinandan Ventures, represents a confident step forward in distinguishing the group's independent vision and its innovative and transformative approach across sectors, the company's statement said. 'Over the years, our group has become synonymous with innovation, and we now would like to capitalize on that equity with a name that truly reflects our identity and evolution. This shift is intended to further reflect the strength and depth of our presence across sectors—from private equity to branded land and differentiated real estate development among others,' said Abhinandan Lodha, chairman, Abhinandan Ventures. 'While we continue to own the brand 'Lodha Ventures', with all our businesses being new age, tech driven consumer-centric businesses, the new branding allows us to clearly communicate our innovation-first philosophy and ambitious plans for the future,' he said. With Abhinandan Ventures, the group now moves forward with a distinct identity that better represents its values and forward momentum. The next chapter promises accelerated growth across its portfolio and a continued commitment to building future-facing businesses, the statement said. Founded in 2015, Lodha Ventures began as a platform to incubate and accelerate high-growth, consumer-centric businesses. Over the years, the group has expanded with ventures spanning across real estate, private equity, education, and emerging consumer opportunities. All the businesses within the Abhinandan Ventures group are new-age and tech driven which allow them to scale up faster than any conventional business, it said. The group's portfolio includes ventures such as The House of Abhinandan Lodha, Tomorrow Capital, BeyondSkool, and Sheetal Lodha Foundation.
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Business Standard
13-05-2025
- Business
- Business Standard
Lodha Ventures rebrands as Abhinandan Ventures, keeps original trademark
Lodha Ventures has rebranded itself as Abhinandan Ventures. However, the company, which belongs to Abhinandan Lodha, will continue to own the brand 'Lodha Ventures'. The rebranding exercise has nothing to do with the recent trademark dispute between Abhinandan and his elder brother, Abhishek Lodha, a company executive confirmed. 'This (rebranding) resonates with the future-focused, new-age group built on technology, transparency, agility and customer-centricity,' the company stated. Founded in 2015, Lodha Ventures began as a platform to incubate and accelerate high-growth, consumer-centric businesses. Over the years, the group has expanded its reach with ventures spanning real estate (The House of Abhinandan Lodha), private equity (Tomorrow Capital), and education (BeyondSkool). 'Over the years, our group has become synonymous with innovation, and we now would like to capitalise on that equity with a name that truly reflects our identity and evolution. This shift is intended to further reflect the strength and depth of our presence across sectors — from private equity to branded land and differentiated real estate development, among others. While we continue to own the brand 'Lodha Ventures', with all our businesses being new-age, tech-driven, consumer-centric businesses, the new branding allows us to clearly communicate our innovation-first philosophy and ambitious plans for the future,' said Abhinandan Lodha, Chairman, Abhinandan Ventures. Earlier, HoABL, the real estate arm of Abhinandan Ventures, announced its entry into the vertical real estate sector (high-rise buildings) with an investment of Rs 2,500 crore. In January 2025, Abhishek Lodha's Macrotech Developers filed a lawsuit in the Bombay High Court against HoABL over the use of the 'Lodha' name, seeking Rs 5,000 crore in damages. However, the court suggested that both parties resolve the matter through mediation. Later that month, both parties submitted their willingness to pursue mediation. In April 2025, HoABL and Macrotech amicably resolved all outstanding disputes through mediation and under the guidance of their parents.
Business Standard
25-04-2025
- Business
- Business Standard
Macrotech Developers Q4 PAT climbs 38% YoY to Rs 921 cr
Macrotech Developers reported 38.49% jump in consolidated net profit to Rs 921.7 crore in Q4 FY25 as against Rs 665.5 crore posted in Q4 FY24. Revenue from operations rose 5.12% YoY to Rs 4,224.3 crore in the quarter ended 31 March 2025. The realtor reported quarterly pre-sales of Rs 4,810 crore in Q4 FY25, reflecting a 14% growth on a YoY basis. Collections grew by 26% YoY to Rs 4,440 crore during the quarter. The company stated that it has added 10 new projects with a Gross Development Value (GDV) of Rs 23,700 crore in FY25. Profit before tax stood at Rs 1,186.5 crore in the March 2025 quarter, registering a growth of 35.05% on a YoY basis. Adjusted EBITDA jumped 8.95% to Rs 1,460 crore in Q4 of FY25 as against Rs 1,340 crore recorded in Q4 FY24. Adjusted EBITDA margin improved to 34.6% in Q4 FY25 as compared to 33.4% registered in the same period a year ago. On a full-year basis, the company's consolidated net profit jumped by 78.44% to Rs 2,764.3 crore on a 33.57% rise in revenue to Rs 13,779.5 crore in FY25 over FY24. Also Read Abhishek Lodha, MD & CEO, Macrotech Developers, said, Our best-ever quarterly and annual performance showcases the buoyancy in demand for high-quality homes in India from a top-notch brand like Lodha. Driven by the strength of our brand, we delivered pre-sales of Rs 176 billion for FY25, thus meeting our guidance of delivering consistent and predictable 20% growth - now for four consecutive years since our IPO. Our focus on profitable growth has resulted in strong margins and Return on Equity (RoE), which provides us with continued strength to grow. Our strong collections are also indicative of our capability to convert sales into cash flow in a timely manner. We are extremely pleased that this is the fifth consecutive quarter of achieving pre-sales greater than Rs 40 billion thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 44.4 billion, which showcases the strong execution capability of the organization. I would like to highlight that our micro-market-led supermarket strategy enabled us to deliver Rs 25 billion of presales in the Western Suburbs of MMR, registering 140% growth on a YoY basis. Our new business development for FY25 across MMR, Pune, and Bengaluru stands at around Rs 237 billion of GDV (10 projects), thus surpassing our full-year guidance. During Q4, we added two more projects in Pune with a GDV of Rs 43 billion. With this, we now have nine locations across Pune. Having achieved over Rs 25 billion of pre-sales in Pune in FY25, the larger base of projects sets us on a path to further increase our market share and continue to grow towards becoming the No. 1 developer in Pune. Similarly, we have entered FY26 with five locations in Bengaluru, setting the stage for our growth phase. Despite investments in business development in this quarter, we further reduced our net debt by Rs 3.1 billion to Rs 39.9 billion (0.2x net debt/equity)well below our ceiling of 0.5x net debt/equity. This is on the back of strong operating cash flow generation of Rs 23.4 billion during the quarter. On the back of strong operating and financial performance, India Ratings upgraded our credit rating to AA/Stable. Our exit cost of debt continues to go down and stands at 8.7% (down around 10 bps during the quarter)among the lowest in the industry. Meanwhile, the companys board has recommended a final dividend of Rs 4.25 per equity share. The final dividend will be paid to shareholders holding equity shares as of the record date, which will be determined by the company after approval by the members at the ensuing 30th Annual General Meeting. Macrotech Developers (Lodha Group) is among the largest real estate developers in India that has delivered with scale since the 1980s. The core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The counter shed 0.82% to Rs 1,309.50 on the BSE.
Economic Times
25-04-2025
- Business
- Economic Times
Macrotech Developers FY25 net profit Rs 2,770 crore, up 71%
The company has reduced its net debt during the quarter by Rs 310 crore to Rs 3,990 crore with net debt-equity ratio of 0.2x - below its stated ceiling of 0.5x. The listed company added 10 new projects across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru with a gross development value (GDV) of Rs 23,700 crore during the year, surpassing its full year guidance of Rs 21,000 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Realty developer Lodha , listed as Macrotech Developers , has reported 71% rise in net profit for the financial year 2024-25 at Rs 2,770 crore. Total revenue for the year grew 34% to Rs 13,780 crore supported by best-ever quarterly and annual pre-sales performance The developer's net profit margin improved to 20% during the financial year from 15% a year ago. Pre-sales also saw a 21% increase, reaching Rs 17,630 crore, the company said in a regulatory listed company added 10 new projects across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru with a gross development value (GDV) of Rs 23,700 crore during the year, surpassing its full year guidance of Rs 21,000 the quarter ended March, the developer recorded 38% on-year growth in net profit at Rs 920 crore, while revenue increased 5% to Rs 4,220 crore. Collections for the quarter rose 26% to Rs 4,440 crore.'This is the fifth consecutive quarter of achieving pre-sales greater than Rs 4,000 crore thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 4,440 crore reflecting our strong execution capability,' said Abhishek Lodha, MD & CEO, Macrotech Developers According to him, the company's micro market led super market strategy has helped deliver Rs 2,500 crore of pre- sales in the western suburbs of Mumbai Metropolitan Region, registering 140% on-year the March quarter, the company added two more projects in Pune with a GDV of Rs 4,300 crore. In this market, the company has recorded pre-sales of over Rs 2,500 crore during the company has reduced its net debt during the quarter by Rs 310 crore to Rs 3,990 crore with net debt-equity ratio of 0.2x - below its stated ceiling of 0.5x.
