Lodha reports robust Q4 performance; pace of debt cut key1 min read . Updated: 27 Apr 2022, 12:04 PM IST
- Analysts say, Lodha's pace of reduction in debt so far has been decent and would remain among the crucial factors for the stock's outlook.
Macrotech Developers Ltd (Lodha) reported robust performance in the March quarter of fiscal year 2022. Among the key highlights were its India pre-sales at ₹3,456 crores, up 37% year-on-year (y-o-y) and a record high seen in a quarter. Collections grew 36% in the March quarter compared to the same quarter last year. For FY22, pre-sales at ₹9,024 crores, rose more than 50% y-o-y and was in line with its guidance.
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