Macrotech Developers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 25, 2022 at 01:14 pm
Share
Macrotech Developers Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 20,594.4 million compared to INR 15,141 million a year ago. Revenue was INR 21,487.4 million compared to INR 15,997.7 million a year ago. Net income was INR 2,855.9 million compared to INR 2,272.5 million a year ago. Basic earnings per share from continuing operations was INR 6.15 compared to INR 5.74 a year ago. Diluted earnings per share from continuing operations was INR 6.14 compared to INR 5.74 a year ago.
For the nine months, sales was INR 57,886.4 million compared to INR 29,150.1 million a year ago. Revenue was INR 60,627.6 million compared to INR 31,604.8 million a year ago. Net income was INR 6,669.1 million compared to net loss of INR 2,704 million a year ago. Basic earnings per share from continuing operations was INR 14.83 compared to basic loss per share from continuing operations of INR 6.83 a year ago. Diluted earnings per share from continuing operations was INR 14.81 compared to diluted loss per share from continuing operations of INR 6.83 a year ago.
Macrotech Developers Limited is an India-based company, which is primarily engaged in the business of real estate development. The Companyâs properties are located at Mumbai, Thane, Pune, Bangalore, Thane & Palava, Wadala Harbor, Kalyan Dombivli, Eastern Suburbs, Western Suburbs, South Mumbai, Crown Quality Homes, Hyderabad, London, and Commercial Property in Mumbai. Its residential projects include Lodha Vero; Casa Verdura; Lodha Marq; Lodha Seamont Malabar Hill; No 1 Grosvenor Square, London; Lodha Maison, Worli; Lodha Cullinan; Lodha World View, Worli; Lodha World One, Worli; Lodha World Towers, Worli; Lodha Ciel, Worli; Lodha Park-Trump Tower Mumbai; Lodha Park- Marquise; Lodha Evoq; Lodha Park-Kiara; Lodha Park-Adrina; Lodha Solitaire, Mahalaxmi; Lodha Park-Parkside, and others. Its commercial projects include Lodha Supremus, Thane; One Lodha Place, Lower Parel; Codename Great Gains, Thane; Lodha Supremus, New Cuffe Parade; Lodha Codename Rare Fortune, Vikhroli, and others.