Latest news with #MacrotechDevelopers
Time of India
31-07-2025
- Business
- Time of India
Indian real estate market capitalisation jumps 14% to ₹16 lakh crore
NEW DELHI: Macrotech Developers , known for its Lodha brand, has emerged as India's leading real estate company in the 2025 Grohe-Hurun India Real Estate list, based on market capitalization as of March 31, 2025. With a market cap of ₹1,38,200 crore, the Mumbai-headquartered firm continues to dominate the rankings, reflecting sustained investor confidence and robust performance in India's property market. Following closely are DLF with ₹2,07,400 crore and Phoenix Mills at ₹55,900 crore, rounding out the top three. The report highlights that the combined value of India's most valuable real estate companies stands at ₹16 lakh crore ($188 billion), up by ₹1.9 lakh crore from last year. The cumulative value of companies grew by just 14%, compared to a 70% surge last year. Wealthiest in real estate Macrotech Developers' Mangal Prabhat Lodha and family have retained their position as the richest individuals in India's real estate sector. With a net worth of ₹92,340 crore, Lodha leads the list by a significant margin, underscoring Macrotech's dominance both in corporate performance and personal wealth creation. The Lodha Group's extensive presence in Mumbai and other key cities has helped cement this top ranking, buoyed by strong sales momentum and a rising market capitalization. Rajiv Singh of DLF secures the second spot, with a wealth of ₹1,27,610 crore. DLF's continued strength in the commercial and luxury residential segments, particularly in Delhi-NCR, has kept Singh among the top-tier real estate tycoons. The list also includes Jitendra Virwani of Embassy Group, Vikas Oberoi of Oberoi Realty, and Atul Ruia of The Phoenix Mills, each marking their influence across commercial, retail, and residential verticals. This wealth concentration reflects a broader trend in the Indian real estate sector—where a handful of families and individuals, primarily from Mumbai and Delhi-NCR, continue to steer the fortunes of the industry. With rising demand, urban consolidation, and REIT participation, these business leaders are poised to further grow their wealth and market presence in the years ahead. Consolidation and growth in the sector The list reveals that the top 10 companies account for 88% of the total market cap, signaling ongoing consolidation within the sector. Of the 25 firms, 19 have their headquarters in Mumbai, underlining the city's continued prominence as India's real estate capital. The average market capitalization among the companies stood at ₹29,000 crore, with a threshold of ₹37,400 crore for inclusion in the list. Notable movements Seven companies improved their rankings over the previous year. Among them, Sunteck Realty and Signature Global made significant gains, climbing two spots each to reach the 12th and 17th positions respectively. Phoenix Mills overtook Prestige Estates to claim third place. The report also recorded that 17 of the 25 companies witnessed an increase in market capitalization over the past year, while seven experienced declines and one remained unchanged. Highest revenue growth ATS Infrastructure witnessed highest revenue growth in 2025. DSR Infrastructure follows with a robust 703% increase, and ACE Infrastructure Developers secured a significant 430% growth. EFC and Assetz Property Group also demonstrated strong performance, with over 290% growth. Top builders by total sq ft area DLF emerged as the leader in terms of total developed area, commanding 349 million sq ft, followed by Macrotech Developers with 100 million sq ft and Prestige Estates with 180 million sq ft. These figures reflect not only historical development but also pipeline and land banks, showcasing the long-term operational scale of these firms across residential, commercial, and mixed-use developments. Top debt reducers Oberoi Realty reduced its debt by ₹1,449 crore, bringing its total debt down to ₹2,495 crore. Lodha Developers follows with a reduction of ₹1,363 crore, bringing its total debt to ₹7,698 crore. Juniper Hotels takes the third spot, lowering its debt by ₹1,188 crore to ₹1,257 crore. Omkar Realtors & Developers ranks fourth, cutting its debt by ₹975 crore to ₹190 crore. Bagmane Developers reduced debt by ₹906 crore, ending the year with ₹3,363 crore. Lowest debt-to-equity ratio Ganesh Housing Corporation, Alembic, and EIH Associated Hotels each have the lowest debt-to-equity ratio at 0.01x, with valuations of ₹8,300 crore, ₹3,200 crore, and ₹1,500 crore, respectively. MAN Infraconstruction follows at 0.02x (₹7,000 crore), while Benares Hotels also reports 0.02x (₹1,300 crore).
Time of India
28-07-2025
- Business
- Time of India
Lodha Developers' net profit grows 41.86% in Q1 FY26
NEW DELHI: Lodha Developers (formerly known as Macrotech Developers ) a has reported a growth of 41.86 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹675.10 crore in Q1 FY26 as against ₹475.90 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹3,624.70 crore in Q1 FY26, a growth of 24.21 per cent from ₹2,918.30 crore it recorded in the similar quarter last year. Abhishek Lodha , MD & CEO of the company said, "It is heartening to note that Q1 FY26 has turned out to be our best ever first quarter pre-sales performance at ₹44.5 billion, clocking a 10% year-on-year growth. We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself. We added five projects at marquee locations in MMR, Pune and Bengaluru with ₹227 billion of GDV potential. This takes the total GDV addition since our IPO to more than ₹1 trillion spread across 48 projects." As on June 30, 2025, its net worth stood at ₹20,513.50 crore, current liability ratio was 0.93, total debts to total assets was 0.15, debt-equity ratio was 0.38, operating margin was 34.39% and net profit margin was 18.62%. "Despite the significant investments in business development in this quarter, our net debt stands at ₹50.8 billion (0.24x Net Debt/ Equity) - well below our ceiling of 0.5x Net Debt/Equity. Our exit cost of debt for Q1 FY26 stands at 8.3% (down 40 bps for the quarter)- among the lowest in the industry," said Lodha. During the quarter ended on 30-June-2025, the Company has alloted 4,74,986 equity shares having a face value of ₹10 each upon exercise of options granted under the Lodha Developers - Employee Stock Option Schemes. The company reported pre-sales of ₹44.5 billion, up over 10% year-on-year while collections stood at ₹28.8 billion, up over 7% year-on-year during the said quarter.
Time of India
21-07-2025
- Business
- Time of India
Lodha Developers raises ₹350 crore via private placement of NCDs
NEW DELHI: Lodha Developers (formerly Macrotech Developers ) has raised ₹350 crore through a private placement of 35,000 rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures ( NCDs ), according to a regulatory filing with the stock exchanges on Monday. The debentures, carrying a face value of ₹1 lakh each, have been listed on the Wholesale Debt Market segment of BSE. The issuance was approved by the company's executive committee on July 21, 2025, with allotment and deemed date of allotment also on the same day. The NCDs carry a floating interest rate structure pegged to the three-month MIBOR with a spread of 2.09% per annum. Based on the prevailing MIBOR, the current coupon rate stands at 8.19% per annum. The coupon will reset quarterly and will be paid annually starting July 21, 2026. A downward revision in the spread by 10 basis points is scheduled from the second reset, six months after issuance. Redemption of the NCDs will be executed in eight equal quarterly instalments beginning March 31, 2026, with final maturity scheduled for January 21, 2028. The instrument is secured with a first-ranking charge over specified company assets, as outlined in the Key Information Document dated July 16, 2025. Additionally, the company recently raised ₹300 crore through the allotment of 30,000 NCDs at the same face value of ₹1 lakh each. These debentures offer a fixed interest rate of 7.96% per annum, payable quarterly starting September 30, 2025, and are scheduled to mature on July 7, 2028. The instrument is similarly secured, aimed at enhancing the company's funding profile and refinancing existing liabilities.
Time of India
08-07-2025
- Business
- Time of India
Lodha Developers raises ₹300 crore via NCDs
NEW DELHI: Lodha Developers (formerly Macrotech Developers ) has raised ₹300 crore through the allotment of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), according to a regulatory filing on Tuesday. The debentures issued at a face value of ₹1 lakh each. The NCDs carry an interest rate of 7.96% per annum, payable quarterly starting September 30, 2025, with maturity scheduled for July 7, 2028. The instrument is secured with a first-ranking charge on specified company assets, as outlined in the Key Information Document dated July 3, 2025. In the event of a payment default, a default interest of 2% per annum over and above the applicable interest rate shall accrue on the unpaid sum from the date of occurrence of the default, as per the terms disclosed in the Key Information Document dated July 3, 2025.
Business Standard
08-07-2025
- Business
- Business Standard
Macrotech Developers achieves 10% YoY growth in Q1 FY26 pre-sales
Macrotech Developers reported pre-sales of Rs 4,450 crore in Q1 FY26, marking a 10% year-on-year (YoY) increase compared to Rs 4,030 crore in Q1 FY25. This growth was achieved despite the impact of geopolitical tensions in the first half of the quarter, which resulted in loss of activity for approximately two weeks. The company expect to make up over the course of the rest of the FY. With further strengthening of its launch pipeline for the current FY on the back of significant business development achieved during the quarter, we remain on track to achieve FY26 presales guidance of Rs 21,000 crore. Collections in Q1 FY26 stood at Rs 2,880 crore, a 7% rise from Rs 2,690 crore in the same period last year. These collections were in line with the companys business plan, and management expects significantly higher inflows in the second half (H2) compared to the first half (H1). During the quarter, the company added five new projects across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, with a gross development value (GDV) of Rs 22,700 crore. This represents over 90% of its full-year guidance of Rs 25,000 crore, underscoring a strong project pipeline. Despite significant investments in business development, Macrotech Developers' net debt stood at Rs 5,080 crorewell below its internal ceiling of 0.5x net debt-to-equity. 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 company reported a 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 scrip shed 0.11% to Rs 1,376 on the BSE.
