Macrotech Developers Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
April 22, 2023 at 01:02 pm
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Macrotech Developers Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 32,553.8 million compared to INR 34,445.6 million a year ago. Revenue was INR 32,717.1 million compared to INR 34,819.2 million a year ago. Net income was INR 7,443.6 million compared to INR 5,354.6 million a year ago. Basic earnings per share from continuing operations was INR 7.725 compared to INR 5.56 a year ago. Diluted earnings per share from continuing operations was INR 7.715 compared to INR 5.55 a year ago.
For the full year, sales was INR 94,703.6 million compared to INR 92,332 million a year ago. Revenue was INR 96,111.6 million compared to INR 95,252.9 million a year ago. Net income was INR 4,866.3 million compared to INR 12,023.7 million a year ago. Basic earnings per share from continuing operations was INR 5.05 compared to INR 13.14 a year ago. Diluted earnings per share from continuing operations was INR 5.045 compared to INR 13.125 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).