**Financial Highlights:** Macrotech Developers reported record pre-sales of INR 176.3 billion for FY25, exhibiting a 21% increase year-on-year.

The company achieved operating cash flow of INR 66 billion, with a favorable net debt/equity ratio of 0.20x, significantly below the 0.5x ceiling.

For Q4 FY25, revenue reached INR 42.2 billion, a 5.1% growth from the previous year.

The EBITDA margin improved to 34.6%, up 120 basis points YoY. **Strategic Initiatives and Growth Drivers:** The company is focused on a balanced growth strategy, targeting a 20% pre-sales CAGR through investments in high-potential cities like Mumbai, Pune, and Bengaluru.

New projects added in FY25 totaled a GDV of INR ~237 billion, indicating robust development activities and market confidence. **Business Developments:** Recent joint ventures in the digital infrastructure sector and land acquisitions in NCR and Chennai position the company for notable expansions and enhanced revenue streams. **Market Position and Competitive Advantage:** Boasting a 10% market share in Mumbai Metropolitan Region (MMR), Macrotech benefits from its premium brand image supported by strong operational efficiencies and ESG practices. **Investor Implications:** With solid pre-sales growth, strategic expansions, and a focus on elevating annuity income, the company presents a positive outlook for investors, particularly in the context of a strengthening housing market and anticipated infrastructure developments.