Macrotech Developers Ltd, formerly Lodha Developers, reported a 10.4% year-on-year increase in pre-sales bookings to Rs 4,450 crore and a 7.1% rise in collections to Rs 2,880 crore for the first quarter of fiscal year 2026. The company added five new projects across Mumbai Metropolitan Region, Pune, and Bengaluru, with a combined gross development value of Rs 22,700 crore. Prestige Estates Projects recorded a record quarter with sales reaching Rs 12,126.4 crore, a 300% year-on-year increase, and sales volume rising 234% to 9.55 million square feet. Collections for Prestige Estates rose 55% to Rs 4,522.7 crore, with the National Capital Region contributing 59% of sales. Brokerage firm Nuvama Wealth set a target price of Rs 2,009 for Prestige Estates, highlighting the strong contribution from NCR projects. UltraTech Cement Ltd reported consolidated revenue of Rs 21,275 crore for Q1 FY26, up 13.1% year-on-year but down 7.8% quarter-on-quarter. Its consolidated EBITDA was Rs 4,410 crore, up 46.2% year-on-year, while consolidated PAT stood at Rs 2,221 crore, a 49% year-on-year increase. Volumes rose 9.7% year-on-year, supported by acquisitions. Brokerages raised UltraTech's target price range to Rs 13,628–14,600, citing improved margins and operational efficiencies. Morgan Stanley maintained overweight ratings on UltraTech Cement, Titan, PNB Housing, and Bajaj Finance, with target prices of Rs 14,000, Rs 3,876, Rs 1,350, and Rs 1,050 respectively.
#MarketsWithBS | #ultratechcement reported a 49% YoY rise in #Q1FY26 PAT and 13% growth in net sales to ₹21,040 cr. Volumes rose 9.7% YoY, aided by acquisitions Brokerages raised target prices to ₹13,628–₹14,600, citing improved margins and operational efficiencies https://t.co/z3F8r4tFvP
1QFY26 Result Update UltraTech Cement Ltd (CMP: Rs 12,562 | Mkt Cap: Rs 3,70,579 cr) Financial Overview: 🔹Consolidated revenue at Rs 21,275 cr, down 7.8% QoQ and up 13.1% YoY 🔹Consolidated EBITDA at Rs 4,410 cr; down 4.5% QoQ and up 46.2% YoY 🔹Consolidated PAT at Rs 2,221 https://t.co/5P8Qh5nkiq
#MorganStanley maintains 'overweight' rating on #BajajFinance with target price of Rs 1050