Real estate developer Macrotech Developers reported an 88 per cent rise in consolidated net profit in Q3 of FY25, while revenue rose over 39 per cent, as it registered its best quarterly sales and also handed over 1631 units.

Adjusted EBITDA went up 48 per cent to ₹1590 crore, while margins were at a robust 39 per cent.

Earlier in the month the company, which sells projects under “Lodha” brand name, had said it had taken bookings worth ₹4510 crore, while collections of ₹4290 crore had enabled it to reduce its debt during the quarter by ₹610 crore to ₹4310 crore.

For the rest of the current fiscal year the developer has eight projects in the pipeline, with a total area of 4.3 million square feet and gross development value of ₹7520 crore. This includes both three new projects and five new phases of existing projects.

The company’s aim is to reach pre-sales of ₹21,000 by FY26 and return of equity of 20 per cent by that time. In FY25 its pre-sales guidance is for ₹17,500 crore, of which it has already achieved ₹12800 crore. It has also guided for adding 210 new projects during the year and so far has added 194 projects.

The company, which was focused on the Mumbai Metropolitan Region for a long time, has recently forayed into the Bengaluru and Pune markets and sees significant headroom for growth in all three markets.

It expects its market share in the two new cities to go to 27 per cent in FY31 from 7 per cent in FY24.

At Palava, where it is setting up industrial infrastructure as well as premium residences, it recently signed a deal with a global data centre player at ₹21 crore per acre.

For its annuity income generating assets such as office, retail, digital infrastructure, and other supporting infrastructure the company has invested ₹1910 crore so far and plans to ₹3370 crore on it over the next few years.

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