We expect debt to be around Rs 5,000- 6,000 cr by end of this fiscal: Abhishek Lodha, Macrotech Developers
«We are looking at operating cash flow generation of about Rs 6,000 crores and we expect to use about Rs 2,500 to Rs 3,000 crores towards growth opportunities, towards land and new business,» says Abhishek Lodha, MD & CEO, Macrotech Developers.You had earlier outlined construction expenses of Rs 500 crore rupees for FY24. With the guided operating cash flows of Rs 6,000 crores, you would have Rs 2,500 crore rupees worth of leeway to reduce your debt. Given this, do you think the debt reduction would be much below the targets you have conveyed?We are looking at operating cash flow generation of about Rs 6,000 crores and we expect to use about Rs 2,500 to Rs 3,000 crores towards growth opportunities, towards land and new business.
And we expect to generate around Rs 2,000 crores or more of surplus for our capital providers which include our debt reduction, as well as dividend payout or equivalent to our shareholders. So, we expect to have our debt between Rs 5,000 to Rs 6,000 crores by the end of this fiscal and we stick to that kind of a range.And how is the warehousing and industrial park performance going and what kind of opportunity do you see there? What kind of top line potential?So the warehousing platform is a separate independent business and it would be best for the CEO of that business, Mr.
Devendra Rawat to address those specific points. Macrotech Developers Limited is a one-third equity owner in the business and also is the main operating partner of that business.
However, being a standalone business, it would not be prudent for me to comment on its operations. I can give you a broader picture about the fact that the warehousing opportunity in India is very large as the economy becomes more and more formal and
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