Lodha clocked Rs9,020 cr (+51% yoy) pre-sales during FY2022

May 02, 2022

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Macrotech Developers Ltd (LODHA)


  • Lodha with its diversified presence across different markets across MMR (Mumbai Metropolitan Region) is handsomely placed amongst peers to gain further market share.


  • Lodha clocked Rs9,020 cr (+51% YoY) pre-sales during FY2022 was amongst the strongest performance delivered by the company. This was supported by robust sales of Rs3450 cr (+37% YoY) in 4QFY22.


  • Lodha has given guidance of pre-sales of Rs11,500 cr (+27% YoY) in FY23. Lodha is planning launches of 87 lakh sq. ft in FY23.


  • The company’s net debt dropped to Rs9,300 cr in FY22 from Rs16,100 cr in FY21, plans to reduce below Rs6,000 cr by FY23.


  • Management expects to pass on the cost increase to customers in the form of price hikes in the range of 6-8%.


  • We arrive at the sum of the parts based fair value of Rs1,350. The residential portfolio contributes 52% of the GAV (Gross Asset Value) of Rs60,900 cr.


Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 28th April 2022, which is available on their website at: https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamental. Disclaimer: http://bit.ly/2n5AxIE

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