(25 Seconds reading) Macrotech Developers Ltd., also known as Lodha reported its best ever quarterly presales during the January-March period at Rs.4,230 crore, a growth of 40% compared to the same quarter last year.

For the full financial year, pre-sales stood at Rs.14,520 crore, which is also the best annual performance from the company & met its 20% growth guidance.

Collections for the March quarter grew by 20% from last year to Rs.3,510 crore. Full-year collections stood at Rs.11,260 crore.

Macrotech has managed to reduce its net debt to Rs.3,010 crore from Rs.7,070 crore during the same period last year, led by strong operating cash flow generation and its recently concluded equity raise.