Macrotech Developers News

We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

Newspaper Advertisement regarding 29th Annual General Meeting to be held on August 23, 2024

Business Responsibility and Sustainability Report (BRSR) for the FY 2023-24

The Company has fixed Friday, August 16, 2024 as cut-off date for the purpose of e-voting at 29th Annual General Meeting

Notice of 29th Annual General Meeting of the Company

The 3rd Integrated Report for the FY 2023-24 along with the 29th Annual General Meeting Notice of the Company is enclosed.

Closure of Trading Window

Newspaper Publication in respect of information regarding 29th Annual General Meeting of the Company

Allotment of 1,38,141 Equity Shares of Rs. 10 each under ESOP Scheme

Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.

The tier I residential real estate inventory in India's top eight cities remains manageable, with a quarter-to-sales ratio of 11, lower than the six-year high of 13. Pune and Bengaluru have favorable unsold stock levels, while Mumbai and Chennai face high inventory build-up. Despite strong pre-sales and housing launches in FY24, the absorption rate remains comfortable. Pre-sales for tier-1 players grew 71% on-year in March. Collections increased by 29%, although leverage remains high. The gross debt to collections ratio slightly rose to 2.4x in FY24.

Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

The Company has fixed Friday, August 16, 2024 as Record date for Dividend

29th AGM of the Company will be held on August 23, 2024 through video-conference and or other audio visual means

Outcome of Board Meeting- June 17, 2024

Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.

Regulation 30 of SEBI Listing Regulations-Updates

Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.

Allotment of 1,19,261 equity shares of Rs. 10 each under ESOP Scheme

Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.

The UK Consulate has acquired the office space spread across a total 12 units on the 19th floor of the tower from Lodha Group’s listed entity Macrotech Developers.

Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.

Intimation of Credit Rating

Updates on acquisition of Siddhivinayak Realties Private Limited

Allotment of 61,823 equity shares of ?10 each under ESOP Scheme

Schedule of Analyst/ Investors Call to be held during the months of May and June 2024

Suzlon Energy's shares are poised to receive a $14 million boost from passive inflows due to increased weightage in the MSCI global standard index, as per Nuvama report.

Vedanta's Q4 net profit down by over 27% YoY in March quarter. Investor sentiment remains positive with target prices raised. Chairman Anil Agarwal plans $20 billion investments in technology, electronics, and glass sectors in four years to diversify business activities.

Realty firm Macrotech Developers Ltd plans to invest Rs 3,500-4,000 crore this fiscal to acquire land for housing projects and capitalize on the increasing demand for residential properties. The company aims for a 60:40 mix of owned land and joint development agreements, with a target of 10,000 apartment deliveries this year.

​When asked about the reason for setting a conservative sale bookings guidance considering that few players posted more than Rs 20,000 crore pre-sales in FY24 itself, Lodha told PTI, "We are not in any rat race and neither our shareholders are bothered about any such rat race." "We want to achieve consistent growth. Consistent growth and predictable growth with low leverage is very important and that is our business model," he said.

Intimation of Credit Rating

Q4FY24- Earnings Call Transcript

Lodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western Mumbai. The bankrupt hotel company had admitted liabilities of over Rs 2,500 crore. Financial lenders of V Hotels had in June 2023 approved Macrotech’s resolution plan with all voting in its favour.

Macrotech Developers, led by Abhishek Lodha, aims to invest over Rs 5,000 crore this fiscal year. The company plans to deliver 10,000+ units, expand to Bengaluru, and target sales worth Rs 17,500 crore.

Intimation under Regulation 30 of SEBI LODR - Updates

Lodha, a leading realty developer, anticipates expanding its project portfolio and achieving higher pre-sales in FY 2024-25, buoyed by a robust housing market outlook. With a projected addition of projects worth over Rs 21,000 crore, the company aims to build upon its previous year's success. Lodha's strong operating cash flow and low leverage position it well to capitalize on market opportunities.

Annual Secretarial Compliance Report for the year ended March 31, 2024

Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.

Outcome of Earnings Conference Call for the quarter and year ended March 31, 2024-Audio recording of the EarningsConference Call held today i.e., April 25, 2024

Copy of Newspaper Publication-Audited Financial Results for the quarter and year ended March 31, 2024