In a significant corporate update, Lodha Developers Limited, formerly operating under the name Macrotech Developers Limited, has officially completed the process of changing its name. This change marks a notable transition for the company and aligns with its brand identity in the real estate sector.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that the Registrar of Companies, under the Ministry of Corporate Affairs (MCA), has approved the name change. The approval is effective as of 16 June 2025. A fresh Certificate of Incorporation issued by the MCA was enclosed with the communication to the exchanges.
The official notification was submitted to both BSE Limited and the National Stock Exchange of India Limited. Lodha Developers Limited confirmed that the change has been made in accordance with regulatory requirements.
Lodha Developers, one of India’s leading real estate firms, reported a 38.5% year-on-year rise in net profit for the fourth quarter ended 31 March, reaching ₹921.7 crore compared to ₹665.5 crore a year earlier. Revenue from operations increased by 5.1% to ₹4,224.3 crore from ₹4,018.5 crore, driven by strong pre-sales and sustained demand across key markets such as the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company's EBITDA rose 16.6% to ₹1,220.7 crore from ₹1,046.9 crore, while operating margins expanded to 28.9% from 26.1%, reflecting improved cost efficiencies and stronger realisations.
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As of June 17, 2025, at 9:35 AM, Lodha Developer share price is trading at ₹1500.80 per share, reflecting a surge of 2.05% from the previous closing price. Over the past month, the stock has surged by 5.54%.
The change from Macrotech Developers to Lodha Developers signifies the company’s strategic decision to align its corporate name with its established market brand. The approval from the Ministry of Corporate Affairs and prompt disclosure to the stock exchanges demonstrate the company’s adherence to compliance protocols.
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Published on: Jun 17, 2025, 10:37 AM IST
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