Sat Oct 05 03:34:00 UTC 2024: ## Lodha Group Reports Strong Q2 FY25 Pre-Sales Growth, Expanding Digital Infrastructure Portfolio
**Mumbai, October 5, 2024:** Macrotech Developers, better known as Lodha Group, has announced a robust 21% increase in pre-sales for the second quarter of fiscal year 2025 (Q2 FY25), reaching Rs 4,290 crore compared to Rs 3,530 crore in the same period last year. This growth was attributed to the addition of four new projects in Pune and Bengaluru, boasting a total gross development value (GDV) of Rs 5,500 crore.
The company’s business development for the first half of the fiscal year stands at Rs 1,660 crore, exceeding 75% of its full-year guidance of Rs 2,100 crore.
Lodha Group is also expanding its digital infrastructure business, acquiring approximately 45 acres of land in Chennai for warehousing and industrial purposes. The company has also increased its stake in its rental income (PropCo) from the Digital Infrastructure platform to 66.7% from its previous 33%, indicating further investment in this growing sector.
“We continue to see further opportunities to scale the Digital Infrastructure portfolio,” said a company spokesperson.
The company reported a strong financial performance in Q1 FY25, with consolidated profit surging to Rs 475.90 crore from Rs 178.40 crore in the same period last year. Net sales also witnessed a significant 76% year-on-year increase to Rs 2,84,650 crore.
Lodha Group, one of India’s leading real estate developers, maintains a healthy financial position with a net debt of Rs 4,920 crore, well below its ceiling of 0.5x net debt/equity.
The news of strong pre-sales and expansion into new sectors has been met positively by the market. Despite a minor dip of 0.33% on Friday, October 4, 2024, the counter closed at Rs 1,171.85.
First Piper 