Page 3 - Macrotech Developers

Financials, Reliance drag Sensex down 396 pts; Maruti zooms 7%, M&M 3%

Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points

Macrotech Developers up 14% on QIP issue; stock gains 200% in 7 months

The floor price of the QIP issue is Rs 1,184.70 per equity share, Macrotech Developers said in a regulatory filing.

Moody's upgrades Lodha group's Macrotech Developers to B3; outlook positive

Move follows reduction in debt, improvement in performance

Macrotech Developers Q2 profit at Rs 223cr; total revenue jumps over 2-fold

Realty firm Macrotech Developers Ltd on Thursday reported its consolidated net profit at Rs 223.36 crore for the quarter ended September. The company had posted a net loss of Rs 362.58 crore in the year-ago period. Total income more than doubled to Rs 2,201.66 crore in the second quarter of this fiscal year from Rs 988.18 crore in the corresponding period of the previous year, the company said in a regulatory filing. Commenting on the results, Abhishek Lodha, Managing Director and Chief Executive Officer, Macrotech Developers Ltd said, Housing market in the last 9 months has gone from strength to strength." The long-term potential of housing as a wealth creator as well as an employment generator is now being well recognized by all stakeholders. "To capture this strong growth, in a short period of time since our IPO, we have been able to add 5 JDA (Joint Development Agreement) projects in the micromarkets of MMR and Pune where we have limited or no presence," Lodha said. The combi

Macrotech Developers in talks to sell 4 lakh sqft office building in Mumbai

Macrotech Developers plans to sell its fully complete and rented office building of around 4 lakh square feet area, in Mumbai and is in discussion with potential buyers to monetise commercial asset

Macrotech Developers sells properties worth Rs 1,100 cr in London

Realty firm Macrotech Developers on Monday said properties worth Rs 1,100 crore were sold last month in one of its projects in London and it expects to sell all inventories before 2023-24 fiscal year. In a regulatory filing, Macrotech Developers, which markets its properties under Lodha brand in India, gave an update on the performance of its UK investments. Mumbai-based Macrotech Developers, earlier named as Lodha Developers, had made a foray into the London market in 2013 with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in prime Central London from the Canadian government for over GBP 300 million (Rs 3,100 crore). The group acquired another site in prime Central London, New Court at 48 Carey Street for 90 million pounds in 2014. Macrotech informed on Monday that prospective buyers were able to visit the site at its project, 1 Grosvenor Square for the first time since it was readied, with easing of travel restrictions to the UK for visitors from the US an

Godrej Properties, Prestige Estates eye Rs 10K-cr sales booking club

Godrej and Prestige posted sales bookings of Rs 6,725 crore and Rs 5,461 crore, respectively, in 2020-21 (FY21)

Macrotech Developers to meet Rs 9,000-cr property sales target in FY22

The company's sales bookings stood at Rs 5,970 crore last fiscal year

Macrotech Developers net debt falls 23% in Q1 to Rs 12,435 crore

Realty firm Macrotech Developers has reduced net debt by 23 per cent during the first quarter of this fiscal year to Rs 12,435 crore

Macrotech Developers surges 14% in 2 days post June quarter business update

While April and May had very limited pre-sales on account of the second Covid wave in India, June saw pre-sales of Rs 654 crore

Macrotech Developers Q1 sales bookings surge 88% to Rs 957 cr despite Covid

Realty firm Macrotech Developers on Thursday reported an 88 per cent rise in its sales bookings at Rs 957 crore for the quarter ended June on strong demand despite the second wave of Covid pandemic

Promoters of Macrotech Developers repay debt of Rs 1,596 cr owed to company

The promoters have raised these funds by means of a long-term instrument having tenure greater than three years with no repayment obligation prior to that

Godrej Prop tops in sales bookings for FY21; overtakes Macrotech

Godrej Properties becomes country's largest listed real estate developer in terms of sales bookings during the last fiscal year as it clocked a record pre-sales of Rs 6,725 crore despite pandemic.

Macrotech Developers aims to be a debt-free company in next three years

Realty firm Macrotech Developers is targeting to bring down its net debt to zero over the next three years from the current borrowing level of around Rs 16,000 crore

Macrotech Developers aims record Rs 9,000 cr sales booking in FY22

We believe that the first two months will have an impact of the second wave of Covid, says Lodha

'Macrotech to invest Rs 2,800 cr in FY22 on construction of realty units'

Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects

Macrotech Developers trades above issue price; up 22% from debut day's low

The stock rallied 11% to Rs 514 in the intra-day trade today and is up 22 per cent from its Monday's low of Rs 421 on the BSE.

Lodha Developers makes weak stock market debut as shares fall 5.8%

The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states

Investors lose Rs 3.6 trillion as Sensex falls 883 pts on Covid-19 woes

The Nifty Pharma index was the only index that ended in thee green, up 0.17 per cent

Macrotech Developers makes weak market debut, lists at 10% discount

Macrotech's IPO got decent subscription as the issue was subscribed 1.36 times