Macrotech Developers Sees Significant Profit Jump in Q1 Results
Macrotech Developers' net profit surges to Rs 475 crore in Q1, backed by higher income and strong pre-sales of Rs 4,030 crore
Macrotech DevelopersQ1 ResultsReal EstatePuneNet ProfitReal Estate PuneJul 30, 2024
Total income grew to Rs 2,918.3 crore during the April-June period of this fiscal year from Rs 1,671.8 crore in the corresponding period of the preceding year. Abhishek Lodha, MD & CEO of Macrotech Developers Ltd, attributed the strong performance to the company's diverse portfolio of projects with strong margins. He highlighted that the company's pre-sales in Pune stood at more than Rs 1,000 crore in Q1, setting the stage for becoming the largest player in the city in the next few years.
The company has also achieved more than 50 per cent of its business development guidance in the first quarter itself, with strong embedded EBITDA margins of 33 per cent. Additionally, Macrotech Developers has added three more projects at marquee locations in the MMR and Pune with Rs 11,100 crore of GDV, and has been able to add new projects worth over Rs 65,000 crore since its IPO following a 'super market' strategy in each micro-market.
information Macrotech Developers is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company has delivered around 100 million square feet of real estate and is currently developing more than 110 million square feet under its ongoing and planned portfolio.
Macrotech Developers Ltd is a prominent real estate developer in India, with a strong presence in key markets such as Mumbai and Pune. The company is known for its customer-centric approach and commitment to delivering high-quality projects that meet the evolving needs of homebuyers.
Frequently Asked Questions
What is the net profit of Macrotech Developers in Q1 2024?
Rs 475.3 crore
What is the total income of Macrotech Developers in Q1 2024?
Rs 2,918.3 crore
What is the pre-sales figure of Macrotech Developers in Pune in Q1 2024?
More than Rs 1,000 crore
What is the gross development value (GDV) of Macrotech Developers' new projects?
Rs 11,100 crore
How much real estate has Macrotech Developers delivered so far?
Around 100 million square feet
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