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#MacrotechDevelopers (#Lodha) Q3 FY22 concall highlights 🏡🏠
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1. Pre-sales were up 40% YoY - ₹2608 Cr. Highest in the last 12 quarters.
2. Affordable and mid-income segment accounted for 63% sales.
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1. Pre-sales were up 40% YoY - ₹2608 Cr. Highest in the last 12 quarters.
2. Affordable and mid-income segment accounted for 63% sales.
3. The UK pre-sales were also the best ever quarterly performance(GSQ -£177m, LSQ - £14mn ).
4. There was no major impact on construction progress from Omicron. There has been a slight deferment of sales(~₹200 Cr) which is expected to come back.
4. There was no major impact on construction progress from Omicron. There has been a slight deferment of sales(~₹200 Cr) which is expected to come back.
5. Raised ₹4000 Cr through a QIP with participation from marquee global investors. The proceeds were used to acquire new land through JD/JVA, buying out of minority interest in Palava and ₹750 Cr was used to take the benefit of 50%
