Macrotech Developers Ltd

(LODHA)

Macrotech Developers Stock Surges, Market Cap Rises - 12 Nov, 2024

On November 12, 2024, Macrotech Developers Ltd. saw its stock surge by 4.4%, increasing its market cap by ₹5,201 crore to ₹1,23,513.16 crore. The stock traded at ₹1,239.70, reflecting strong market performance.

Macrotech Developers Acquires Land Parcel in Pune - 11 Nov, 2024

Macrotech Developers has acquired a 2.8-acre land parcel in Pune's Hinjewadi for nearly Rs 111 crore from Paranjape Schemes Constructions. The deal, completed on October 14, involved a no-objection certificate from ASK Real Estate, and Macrotech paid Rs 6.64 crore in stamp duty.

Macrotech Developers Stake Transfer and Market Decline - 08 Nov, 2024

Macrotech Developers made significant moves, acquiring Bain Capital's stake for ₹307 crore while facing a 2.37% drop in shares. Abhishek Lodha transferred an 18.09% stake worth ₹21,000 crore to a philanthropic foundation, aiming to support social initiatives.

Macrotech Acquires Bain Capital Stake for Growth - 07 Nov, 2024

Macrotech Developers has acquired Bain Capital's stakes in three industrial and logistics park entities for Rs 307 crore, aiming to boost rental income and expand its portfolio. The company also plans significant launches in Bengaluru and Palava, targeting increased annuity income.

Macrotech Developers' CEO Commits $2.5 Billion to Philanthropy - 31 Oct, 2024

Abhishek Lodha, CEO of Macrotech Developers, announced a $2.5 billion commitment to philanthropy and plans to transfer a significant shareholding to the Lodha Philanthropy Foundation, which will own 20% of the company.

Lodha Family Donates Stake; Strong Q2 Results - 29 Oct, 2024

Abhishek Lodha and family donate an 18% stake in Macrotech Developers to a philanthropy foundation. The company reports strong Q2 results, with net profit doubling. Nomura maintains a Buy rating with a target price of ₹1,600, anticipating robust performance in H2 FY25.

Macrotech Developers Reports Strong Q2 Earnings - 28 Oct, 2024

Macrotech Developers Ltd announced impressive Q2 results, with a 108% increase in net profit and record pre-sales. The company plans to launch significant residential projects in the upcoming period.

Macrotech Developers Reports Strong Growth and Expansion Plans - 27 Oct, 2024

Macrotech Developers Ltd is set to launch significant housing projects worth Rs 10,000 crore, reporting a 21% increase in sales bookings and a profit surge of 108.6% in Q2 FY25.

Macrotech Developers Reports Strong Q2 Profit Growth - 26 Oct, 2024

Macrotech Developers announced a significant increase in Q2 FY25 net profit to Rs 423.1 crore, driven by a 50% revenue jump. The company achieved record pre-sales of Rs 4,290 crore despite seasonal challenges, indicating strong demand and profitability.

Macrotech Developers Reports Strong Q2 FY25 Results - 25 Oct, 2024

Macrotech Developers achieved a net profit of Rs 423.10 crore in Q2 FY25, marking a 108.63% increase. Revenue rose by 52.96%, with record pre-sales of Rs 4,290 crore. The company remains optimistic about achieving its annual pre-sales target of Rs 175 billion, supported by strong demand and favorable market conditions.

Macrotech Developers Expands with Major Land Acquisitions - 15 Oct, 2024

Macrotech Developers has acquired seven land parcels in Mumbai, Pune, and Bengaluru for housing projects valued at Rs 16,600 crore, surpassing 75% of its annual target. The company reported a 21% increase in sales bookings to Rs 4,290 crore during the July-September period, reflecting strong housing demand.

Macrotech Developers Reports Strong Q2 and Market Cap Growth - 14 Oct, 2024

Macrotech Developers announced a 21% increase in Q2 FY25 sales bookings, alongside a market cap rise of ₹3,086.94 crore due to a 2.58% share price surge.