Macrotech Developers, India’s second-largest real estate company, posted a 66 percent jump in consolidated net profit for the October-December quarter, reaching Rs 944.4 crore. The company also reported a 39 percent year-on-year increase in consolidated revenue, which stood at Rs 4,083 crore.
The company, known for its projects under the “Lodha” brand, achieved its best-ever pre-sales bookings in a quarter, amounting to Rs 4,510 crore, a 32 percent growth year-on-year. Managing Director Abhishek Lodha highlighted this milestone in the company’s performance.
Strong Operational Performance
Collections for the quarter surged by 66 percent year-on-year to Rs 4,290 crore, reflecting the company’s robust execution capabilities. Adjusted EBITDA rose 48 percent to Rs 1,590 crore, with operating margins improving to 38.85 percent from 36.68 percent in the same quarter last year.
Stock Performance
On January 24, Macrotech’s shares closed 1.6 percent higher on the NSE at Rs 1,100, reflecting investor confidence in the company’s consistent performance.
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Source: Moneycontrol
News Desk
