Macrotech Developers Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 24, 2024 at 06:29 pm IST
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Macrotech Developers Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 40,185 million compared to INR 32,554 million a year ago. Revenue was INR 40,839 million compared to INR 32,717 million a year ago. Net income was INR 6,655 million compared to INR 7,444 million a year ago. Basic earnings per share from continuing operations was INR 6.84 compared to INR 7.73 a year ago. Diluted earnings per share from continuing operations was INR 6.81 compared to INR 7.72 a year ago.
For the full year, sales was INR 103,161 million compared to INR 94,704 million a year ago. Revenue was INR 104,695 million compared to INR 96,112 million a year ago. Net income was INR 15,491 million compared to INR 4,867 million a year ago. Basic earnings per share from continuing operations was INR 16.03 compared to INR 5.05 a year ago. Diluted earnings per share from continuing operations was INR 15.99 compared to INR 5.05 a year ago.
Macrotech Developers Limited is engaged in the business of real estate property development in India and the United Kingdom. The Company has a portfolio of housing projects, premium and luxury housing projects, industrial and logistics park segments. Its housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road). Its townships are located at Palava (Navi Mumbai, Dombivali Region) and Upper Thane (Thane outskirts). Its premium and luxury housing projects include Lodha Park (Worli), Lodha World Towers (Lower Parel), Lodha Venezia (Parel) and New Cuffe Parade (Wadala). In addition, it has projects under the Lodha Luxury brand, which comprises small-scale, high-value developments such as Lodha Altamount (Altamount Road), Lodha Seamont (Walkeshwar) and Lodha Maison (Worli).