Macrotech Developers Reports 88% Profit Surge to ₹944 Crore in Q3
Macrotech Developers, a leading real estate developer, has reported a significant 88% surge in profit to ₹944 crore in the third quarter, driven by higher income and robust project deliveries.
Macrotech DevelopersReal EstateQ3 ProfitsProject DeliveriesFinancial PerformanceReal EstateJan 25, 2025
The company reported an 88% increase in profit, which stood at ₹944 crore, compared to ₹502 crore in the same period last year.
This impressive growth can be attributed to a combination of increased income and successful project deliveries.
InformationMacrotech Developers has a rich history of delivering high-quality real estate projects across various segments, including residential, commercial, and retail.
Over the years, the company has successfully delivered approximately 100 million square feet of real estate, solidifying its position as a leader in the industry.
Currently, Macrotech is developing an additional 150 million square feet of projects, which are expected to contribute significantly to the company's future growth.
Financial PerformanceThe company's strong financial performance in Q3 is a testament to its strategic focus on high-quality projects and efficient execution.
The revenue for the quarter grew by 42% to ₹3,350 crore, up from ₹2,360 crore in the corresponding period last year.
This growth was driven by a higher volume of property sales and the timely delivery of several key projects.
Project DeliveriesOne of the key factors contributing to Macrotech's strong performance is its ability to deliver projects on time and within budget.
During the quarter, the company handed over approximately 6 million square feet of residential and commercial space to its customers.
This not only helped in generating immediate revenue but also enhanced the company's reputation for reliability and quality.
Future OutlookLooking ahead, Macrotech Developers is optimistic about its future growth prospects.
The company has a strong pipeline of projects under development, and it is continuously exploring new opportunities to expand its footprint in key markets.
With a focus on sustainable development and customer satisfaction, Macrotech is well-positioned to capitalize on the growing demand for high-quality real estate in India.
About Macrotech DevelopersMacrotech Developers is a leading real estate developer in India, known for its commitment to quality, innovation, and customer satisfaction.
The company operates in various segments, including residential, commercial, and retail, and has a significant presence in major cities across the country.
Macrotech is committed to sustainable development practices and aims to create value for its stakeholders through its robust project execution and strategic business approach.
Frequently Asked Questions
What is the profit reported by Macrotech Developers in Q3?
Macrotech Developers reported a profit of ₹944 crore in the third quarter, marking an 88% increase from the same period last year.
How much real estate has Macrotech Developers delivered so far?
Macrotech Developers has delivered approximately 100 million square feet of real estate across various segments.
What was the revenue growth for Macrotech Developers in Q3?
The revenue for Macrotech Developers grew by 42% to ₹3,350 crore in Q3, up from ₹2,360 crore in the same period last year.
How much real estate did Macrotech deliver in Q3?
During Q3, Macrotech Developers handed over approximately 6 million square feet of residential and commercial space to its customers.
What is Macrotech Developers' future outlook?
Macrotech Developers is optimistic about its future growth prospects, with a strong pipeline of projects under development and a focus on sustainable development and customer satisfaction.
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