Macrotech Developers, one of India's leading real estate companies, has reported a significant rise in its net debt for the first quarter of FY25. The company's net debt surged by 43.5%, reaching Rs 4,320 crore, up from Rs 3,015 crore in the same period last year.
The increase in net debt is attributed to higher borrowings to support ongoing and new projects. Macrotech Developers has been actively expanding its portfolio, which includes residential, commercial, and mixed-use developments. The company's growth strategy has necessitated substantial investments in land acquisition and project development.
Despite the rise in debt, Macrotech Developers remains optimistic about its growth trajectory. The company has outlined a strategic plan to manage its debt levels while continuing its expansion efforts. This includes focusing on improving cash flows from its operational projects and enhancing sales performance.
Macrotech Developers' management has emphasised that the increase in debt is aligned with its long-term growth strategy. The company is committed to achieving financial stability through prudent financial management and operational efficiencies.
Investors and stakeholders are closely monitoring the company's debt levels and its ability to generate sufficient revenue to service its debt. Macrotech Developers aims to balance its growth ambitions with effective debt management to maintain investor confidence and sustain its market position.
