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Macrotech Developers cuts Q3 debt by 12% to Rs 4,320 cr on better sales: MD

Business Standard LogoBusiness Standard23h ago

Macrotech Developers cuts Q3 debt by 12% to Rs 4,320 cr on better sales: MD - Business Standard

Quick Summary:

Realty firm Macrotech Developers has reduced its net debt by 12 per cent in the December quarter to Rs 4,320 crore on better internal cash flows, as the company achieved strong pre-sales, its MD Abhishek Lodha said.

In an interview with PTI, Lodha highlighted that the company's performance during the latest December quarter has been "robust" and hoped to end the fiscal year on a strong note.

Net debt of Macrotech Developers, which markets its properties under the Lodha brand, stood at Rs 4,930 crore at the end of the September quarter of this fiscal.


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Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 10:54:40 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 996 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25486640

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