Lodha Developers delivers best ever annual pre-sales of over Rs14,000 crore for FY22; logs PAT of Rs1,262 crore

27 Apr 2022 , 02:31 PM

Macrotech Developers Limited (Lodha), a leading real estate developer, announced its financial results for the quarter ended March 31, 2022. The company has put forward its best-ever quarterly & annual pre-sales performance along with strong margins.

For Q4FY22, Lodha reported 37% yoy growth in pre-sales and 36% growth in collections as compared to Q4FY21.

India Pre-sales for Q4FY22 stood at Rs3,456 crore, up by 37% yoy against Q4FY21. For FY22, India's Pre-sales reported at Rs9,024 crore, logging a growth of 51% yoy.

The company reported revenue from operations for Q4FY22 at Rs3,445 crore, up by 36% yoy against the previous corresponding quarter. Revenue from operation in FY22 stood at Rs9,233 crore, reporting a jump of 69% yoy.

It reported an adjusted EBITDA of Rs1,230 crore in Q4FY22, up by 33% yoy against Q4FY21.  For the financial year ended March 2022, Adjusted EBITDA stood at Rs3,243 crore, up 111% yoy against FY21.

PAT for Q4FY22 was reported at Rs573 crore, reflecting a growth of 97% yoy against Q4FY21. For FY22, PAT came in at Rs1,262 crore, reporting a jump of 271% yoy.

At around 2.05 PM, Lodha Developer was trading at Rs1,007.70, down by 0.42% against its previous close of Rs1,012 on NSE. It touched intraday high and low of Rs1,045 and Rs991.30 respectively so far.