HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Macrotech Developers reports 11% fall in Q4 consolidated net profit
Apr-25-2024

Macrotech Developers has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 25.68% fall in its net profit at Rs 539.20 crore for the quarter under review as compared to Rs 725.50 crore for the same quarter in the previous year. However, total income of the company increased by 15.24% at Rs 3656.40 crore for Q4FY24 as compared Rs 3172.80 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 10.61% fall in its net profit at Rs 667.00 crore for fourth quarter ended March 31, 2024 as compared to Rs 746.20 crore for the same quarter in the previous year. However, total income of the company increased by 24.83% at Rs 4083.90 crore for Q4FY24 as compared Rs 3271.70 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported over 2-fold jump in its net profit at Rs 1163.80 crore as compared to Rs 456.00 crore for the previous year. Total income of the company increased by 3.14% at Rs 9778.30 crore for year under review as compared to Rs 9480.40 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 1554.20 crore as compared to Rs 489.50 crore for the previous year. Total income of the company increased by 8.93% at Rs 10469.50 crore for year under review as compared to Rs 9611.20 crore for year ended March 31, 2023.

  RELATED NEWS >>