Macrotech Developers reported 21% year-on-year growth in pre-sales for Q2 FY25, achieving INR 42.9 billion. For the first half of FY25, pre-sales reached INR 83 billion, maintaining 21% YoY growth, keeping the company on track to meet its full-year pre-sales growth-target of 20%. Collections for Q2 FY25 grew 11% YoY to INR 30.7 billion. The company added four projects in Pune and Bengaluru with a gross development value (GDV) of INR 55 billion. Macrotech's business development in H1 FY25 reached INR 166 billion, 75% of its annual target, while its net debt stands at INR 49.2 billion.
Macrotech Developers has reported strong growth in pre-sales for the second quarter (Q2) of FY25, achieving a 21% year-on-year (YoY) increase. The company posted pre-sales of INR 42.9 billion in Q2, contributing to a total of INR 83 billion in pre-sales for the first half (H1) of FY25. This 21% growth for H1 FY25 reflects the company's consistent performance and positions it well to meet its full-year target of 20% pre-sales growth. In addition to its robust pre-sales figures, Macrotech also reported significant collections growth. For Q2 FY25, collections reached INR 30.7 billion, marking an 11% YoY increase. This indicates the company's ability to efficiently convert its sales into cash, supporting ongoing operations and future development.
During Q2 FY25, Macrotech Developers expanded its project portfolio, adding four new developments in the cities of Pune and Bengaluru. These projects represent a combined gross development value (GDV) of INR 55 billion, further strengthening the company's presence in key growth markets. Additionally, business development in the first half of FY25 reached INR 166 billion, which accounts for more than 75% of the company's full-year target of INR 210 billion. This progress underscores Macrotech's proactive approach to expanding its development pipeline.
The company also made strategic moves in the industrial and warehousing sectors during the quarter. Macrotech acquired 45 acres of land in Chennai for its warehousing and industrial business, highlighting its focus on diversifying operations and tapping into growing demand for logistics and industrial spaces. Furthermore, Macrotech increased its stake in the digital infrastructure platform's rental income arm (PropCo) to 66.7%, up from the previous ~33%. This increased stake is expected to enhance the company's recurring income streams and strengthen its long-term financial stability.
However, despite the positive operational growth, Macrotech's net debt remains a consideration. As of the end of Q2 FY25, the company's net debt stood at INR 49.2 billion. This figure, though significant, is being managed in line with the company's broader growth and expansion plans, supported by its improving cash flows and sales collections.
With continued project additions, strategic acquisitions, and healthy financial performance, Macrotech Developers remains on track to achieve its growth targets for the full fiscal year while maintaining a strong presence in India's real estate market.
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