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Realty sector Q4FY25 operational highlights


Key companies in the realty sector announced strong operational updates for Q4FY25.
Macrotech achieved ₹ 4810 crore (up 14% YoY, up 7% QoQ) pre-sales in Q4FY25 surpassing FY25 pre-sales guidance of ₹ 17,500 crore (FY25 pre-sales stood at ₹ 17,630 crore, up 21% YoY). Collections were up 26% YoY and 3% QoQ at ₹ 4440 crore for Q4FY25 while they were up 29% YoY for FY25 at ₹ 14,490 crore. New Business Development for FY25 at ₹ 23,700 crore surpassed FY25 guidance of ₹ 21,000 crore. Net debt lowered by ₹ 320 crore QoQ to ₹ 3990 crore.
Godrej Properties achieved highest ever quarterly booking value surpassing ₹ 10,000 crore mark at ₹ 10,163 crore (up 7% YoY, up 87% QoQ). FY25 pre-sales grew 31% YoY to ₹ 29,444 crore surpassing ₹ 27,000 crore guidance. Business development additions with a GDV of ₹ 26,450 crore in FY25 remained strong.
Sobha reported ₹ 1836 crore pre-sales, which were up 32% YoY and 22% QoQ for Q4FY25. For FY25, pre-sales were down 5.5% YoY at ₹ 6277 crore.
Keystone Realtors reported pre-sales of ₹ 854 crore (up 1.3% YoY, down 1% QoQ) and collection of ₹ 746 crore (up 11.3% YoY, up 37.6% QoQ). For FY25, pre-sales grew 34% YoY to ₹ 3028 crores (achieving guidance of ₹ 3,000 crores) while collection stood at ₹ 2330 crores (up 6% YoY).
Overall, most of the companies in the realty space maintained the pre-sales momentum in Q4FY25 aiding them to surpass their FY25 guidance. Management commentaries during Q4FY25 earnings in terms of guidance for FY26 for pre-sales, collections and new business developments would be keenly watched for.
Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
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