India’s construction industry is poised for substantial growth, with an expected expansion of 11.2% in 2024, bringing the total market value to Rs. 25,316 billion. This strong growth trajectory is projected to continue, with a compound annual growth rate (CAGR) of 9.4% between 2024 and 2028, and by 2028, construction output is anticipated to reach Rs. 36,221.6 billion.
The two major players in the Indian Reality sector which reported a better performance in Q2FY25 are :
Godrej Properties Limited
With a market capitalization of Rs. 80,511.49 crores, Godrej Properties Limited opened the trading session at Rs. 2,926.00, nearly 1% above the previous close of Rs. 2,897.45. The stock reached an intraday high of Rs. 2,976.95, reflecting a 2.74% increase from the previous close.
The company focuses on developing residential, commercial, retail, and IT projects across cities like Mumbai, Pune, Bangalore, Kolkata and Hyderabad. Their business focuses on residential, townships, commercial complexes, office spaces, business centers, IT Parks, and technology parks.
According to its exchange filing, Godrej Properties Limited has delivered its highest-ever performance for Q2 and H1 of FY25. The company reported record bookings of Rs.5,200 crores in Q2FY25, along with a 68% year-on-year (YoY) growth in collections, reaching Rs. 4,000 crores. Additionally, the company achieved an operating cash flow of Rs. 1,800 crores, representing an impressive 120% YoY growth.
The company management antipcates total bookings of around Rs. 10,200 crores in FY25 and has achieved 51% of its annual guidance and also achieved 47% of its annual guidance for collections for FY25 which stands at around Rs. 14,900 crores.
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For Q1FY25 the company reported a net profit increase of 288% to Rs. 518.8 crores compared to a net profit of Rs. 133.69 crores in Q1FY24, while revenue from operations also marked a decrease by 21% to Rs. 739 crores from Rs. 936.09 crores in comparison to the same period.
Macrotech Developers Limited
With a market capitalization of Rs. 1,20,424.09 crores, Macrotech Developers Limited opened the trading session at Rs. 1,204.95, 2.70% above the previous close of Rs. 1,173.25. The stock reached an intraday high of Rs. 1,222, reflecting a 4.15% increase from the previous close.
Macrotech Developers Limited (Formerly known as Lodha Developers Limited) is an Indian multinational real estate company. The Company developed residential & commercial properties in Mumbai, Thane, Hyderabad, Pune and London.
As per its exchange filing, Macrotech Developers Limited achieved its highest-ever pre-sales figures of Rs. 4,290 crores in Q2FY25, reflecting a 21% year-on-year (YoY) growth which goes in line with companies plans to attain a 20% pre-sales growth in FY25. Collections also saw an 11% YoY increase, amounting to Rs. 3,070 crores.
Additionally, the company added four new projects in Bangalore and Pune during Q2FY25, with a total estimated value of Rs. 5,500 crores of GDV, and the business development for the 1st half of the fiscal stands at Rs. 16,600 crores, which is more 75% of full-year guidance of Rs. 21,000 crores.
For Q1FY25 the company reported a net profit increase of 165% to Rs. 475.9 crores compared to a net profit of Rs. 179.2 crores in Q1FY24, while revenue from operations also marked an increase of 75.99% to Rs. 2,846.5 crores from Rs. 1,617.4 crores in comparison to the same period.
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Written By: Joseph Pv
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