Скачать или смотреть Macrotech Developers Surpasses FY23 Pre-Sales Guidance, Debt Reduction In-Line With Projection

Macrotech Developers, the real estate major operating under the brand name Lodha saw a 12 percent year-on-year drop in pre-sales for the March quarter.

Sales declined on a high base as the March quarter of financial year 2022 had record high sales for the company.

Pre-sales for the period stood at Rs 3,025 crore from Rs 3,456 crore in the year-ago period. Collections for the quarter increased by 3 percent to Rs 2,933 crore.

For the full fiscal 2023, the company recorded pre-sales growth of 34 percent to Rs 12,064 crore, thereby surpassing its guidance of Rs 11,500 crore.

The company's net debt at the end of the year stood at Rs 7,071 crore, in-line with their prior guidance of Rs 7,000 crore. The figure during the same period last year stood at Rs 9,300 crore.

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