Macrotech Developers, under the Lodha brand, reports a massive 88% jump in Q3 net profit amid strong housing demand.

Macrotech Developers, operating under the Lodha brand, saw an 88% jump in Q3 net profit to Rs 944.4 crore and a 39% revenue increase to Rs 4,146.6 crore, driven by strong housing demand. The company achieved record quarterly pre-sales of Rs 4,510 crore and reduced debt by Rs 610 crore. Macrotech plans to launch eight new projects and aims to reach Rs 21,000 crore in pre-sales and a 20% return on equity by FY26. The company is also investing in non-residential assets and expanding into Bengaluru and Pune markets.

2 months ago
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