Q4 2025 Macrotech Developers Ltd Earnings Call Transcript
Key Points
- Macrotech Developers Ltd (BOM:543287) achieved its highest ever quarterly presales at INR48.1 billion, contributing to a full-year presales growth of 21%, surpassing their guidance of 20%.
- The company maintained a strong EBITDA margin of 32% for the quarter and 33% for the full year, exceeding their guidance of approximately 30%.
- Net debt was reduced to INR39.9 billion, with a net debt to equity ratio of 0.2x, well below the ceiling of 0.5x, showcasing strong financial management.
- Macrotech Developers Ltd (BOM:543287) received further upgrades in their credit rating, now rated AA, which is one of the highest in the industry, leading to a reduced cost of funds at 8.7%.
- The company has a diversified and predictable business model, with only 30% of sales coming from new launches, allowing for consistent sales and higher margins.
- The company's price growth for fiscal '25 was approximately 4%, which was lower than the guidance of 5% to 6%, due to a conservative approach amidst slower economic growth.
- There was a technical difficulty during the call, causing a temporary loss of connection with the CEO, which could have disrupted the flow of information.
- The presales growth of 100% over the last three years has not been matched by a similar growth in net cash collections, which lag by a year.
- The company's reliance on the macroeconomic environment, such as interest rate cuts and tax abatements, poses a risk if these factors do not materialize as expected.
- The operationalization of key infrastructure projects, like the Mulund-Airoli-Palava freeway, has faced delays, which could impact the perceived value and connectivity of their township projects.
Ladies and gentlemen, good day, and welcome to the Q4 FY25 earnings conference call of Macrotech Developers Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Chintan Parikh from Investor Relations. Thank you, and over to you, Chintan.
Good afternoon, everyone. Welcome to Macrotech Developers' Q4 FY25 results conference call. Today, we have with us Mr. Abhishek Lodha, MD and CEO; Mr. Sushil Kumar Modi, Executive Director of Finance; Mr. Sanjay Chauhan, Chief Financial Officer; Mr. Prashant Bindal, Chief Sales Officer.
I would now like to invite Abhishek to make his opening remarks. Over to you, Abhishek.
Thank you, Chintan. Good afternoon, everyone. On behalf of the Lodha team, we extend our deepest and heartfelt condolences to the families of the victims of the terrible
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