Macrotech Developers, one of India’s leading real estate developers, has delivered its best-ever quarterly pre-sales performance in Q4FY25, backed by strong execution, rising demand, and strategic expansion in key geographies like Pune, MMR, and Bengaluru.

Record Pre-Sales in Q4FY25

For the quarter ending March 2025 (Q4FY25), Macrotech Developers achieved pre-sales of ₹48.1 billion, marking a 14% year-on-year (YoY) growth and a 7% increase over the previous quarter (Q3FY25). This stellar performance enabled the company to close FY25 with total pre-sales of ₹176.3 billion, up 21% YoY, exceeding the company’s own guidance for the year.

This robust performance demonstrates sustained growth momentum and validates the company's predictable 20% annual growth trajectory, positioning it as a top-tier performer in India’s real estate sector.

Collection Growth Reinforces Financial Strength

Macrotech Developers also saw a significant rise in collections, which stood at ₹44.4 billion for Q4FY25, representing a 26% YoY growth. On a full-year basis, collections reached ₹144.9 billion, 29% higher than FY24.

This strong cash inflow further reinforces the company's liquidity position and financial discipline, enabling it to make strategic investments in new projects without increasing leverage.

Expanding Presence in Pune and Beyond

In Q4FY25, Macrotech Developers added two new residential projects in Pune, contributing ₹43 billion in Gross Development Value (GDV). With this, the company now has a presence in nine locations across Pune, reflecting its aggressive expansion strategy in a market with rising demand and limited quality supply.

Over the course of FY25, the company launched a total of 10 new projects (excluding Digital Infrastructure), with a cumulative GDV of ₹237 billion, significantly surpassing its guidance of ₹210 billion. These projects span across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru — key urban centers with robust housing demand.

In the Digital Infrastructure segment, Macrotech Developers made two major moves:

• Added two new locations in NCR and Chennai to its warehousing and industrial platform.

• Acquired its joint venture partner’s stake in an existing digital infrastructure platform, further consolidating its position in the segment.

Net Debt Reduction Despite Aggressive Expansion

Despite significant investments in land acquisition and new project launches, Macrotech Developers reduced its net debt by ₹3.2 billion in Q4FY25, bringing total net debt down to ₹39.9 billion. This was made possible by the company’s strong collection efficiency and disciplined cash flow management.

The net debt-to-equity ratio remains well below the company’s ceiling of 0.5x, highlighting its sound financial governance and commitment to a strong balance sheet.

This financial prudence, coupled with consistent operational delivery, led to a credit rating upgrade by India Ratings to IND AA/(Stable) — an important milestone that enhances the company’s credibility in the capital markets.

Performance Summary (INR billion):

Outlook for FY26

With a diversified project pipeline, increasing footprint in high-growth markets like Pune, and a focus on financial discipline, Macrotech Developers is well poised to continue its 20%+ growth trajectory in FY26. The company’s ability to outperform its own guidance is a testament to its execution capability, market understanding, and customer trust.

The real estate market outlook remains optimistic, driven by rising urbanisation, improved affordability, and consumer confidence, and Macrotech Developers is strategically aligned to capitalise on these trends.

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