Whalesbook
Strong Collections Boost Debt Reduction
This debt reduction was driven by strong collections of ₹5,230 crore in the quarter, up 18% year-on-year and 47% from the previous quarter. Accelerated construction activity helped boost these collections.
Lodha Achieves All-Time High Quarterly Sales
Macrotech Developers announced its highest-ever quarterly pre-sales, reaching ₹5,890 crore in Q4 FY26, a 23% increase year-on-year. For the full fiscal year 2026, pre-sales totaled ₹20,530 crore, up 16%.
Company Expands Project Pipeline
The company expanded its future project pipeline, adding one development in the Mumbai Metropolitan Region with an estimated value of ₹1,300 crore. For FY26, twelve new projects were added across key markets, representing an estimated total value of ₹60,000 crore, surpassing annual targets.
Geopolitical Tensions Impact March Sales
March sales were impacted by geopolitical tensions, particularly the Iran war. This led to postponed transactions, resulting in a ₹470 crore shortfall against sales targets. The company noted its total developable property value was about ₹2 trillion as of April 1. Lodha also plans to adjust business development spending over the next two years to increase free cash flow.
Solid Financial Health Maintained
Despite significant investments throughout the year, Macrotech Developers maintained a net debt-to-equity ratio of 0.23x. This figure remains well below its internal target of 0.5x, highlighting the company's strong financial health.