Macrotech Developers Limited has announced its financial results for the second quarter ending September 30, 2024, reporting significant year-on-year growth in revenue and profits.
Key Financial Highlights (Q2 FY25 vs Q2 FY24):
- Revenue from operations: ₹2,625.7 crore, up 50.1% compared to ₹1,749.6 crore in Q2 FY24.
- Total income: ₹2,684.6 crore, a 53% increase from ₹1,755.1 crore in the same quarter last year.
- Profit before tax (PBT): ₹560.5 crore, a significant jump of 111.4% from ₹264.9 crore in Q2 FY24.
- Net profit: ₹423.1 crore, more than doubling with a 108.7% increase compared to ₹202.8 crore in Q2 FY24.
Other Highlights:
- Total expenses: ₹2,124.1 crore in Q2 FY25, up 42.9% from ₹1,485.9 crore in Q2 FY24.
- Earnings per share (EPS): ₹4.25 in Q2 FY25, up from ₹2.09 in Q2 FY24, reflecting a 103.3% increase.
Macrotech Developers’ strong performance in Q2 FY25 is driven by robust sales and efficient cost management, contributing to a significant increase in net profit. The company continues to focus on expanding its project portfolio and delivering value to shareholders.
