Attributing it's growth to the strong financial support from the banks, M3M India announced its Q1FY25 performance, reporting sales of Rs 3,911 crore, a 37% increase from Rs 2,854 crore in Q1FY24. In the residential and plot development segment, M3M recorded Rs 2,971 crore in sales, a 46% increase from Rs 2,028 crore in Q1FY24. In the commercial segment, the company secured Rs 940 crore in sales, up from Rs 826 crore in the previous year.
M3M's financial health remains strong, supported by Rs 4,600 crore in bank commitments . The company has 56 projects across retail, residential, offices, and service apartments, with a land bank of 3,000 acres in Gurugram, Noida, and Panipat. M3M India’s President, Sudeep Bhatt, expressed confidence in sustaining this momentum with upcoming ultra-luxury projects.
He further stated that the main reasons for this growth is the financial support extended from the banks and successful project execution..