Macrotech Developers Ltd saw its shares rise by 4% after posting a robust 38.5% year-on-year increase in net profit for Q4 FY24. The company reported a net profit of ₹921.7 crore for the quarter ended March 31, compared to ₹665.5 crore in the same period last year. As of 9:15 AM, the shares were trading 4.06% higher at Rs 1,373.80
Revenue from operations grew 5.1% to ₹4,224.3 crore, supported by strong demand across key markets such as the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed 16.6% to ₹1,220.7 crore, with operating margins improving to 28.9% from 26.1%, reflecting cost efficiency and better realizations.
For the full fiscal year, sales bookings surged 21% YoY to ₹17,630 crore, backed by strong customer collections of ₹14,490 crore, up 29%. Despite aggressive land acquisitions—including 10 new projects with a revenue potential of ₹23,700 crore—the company reduced its net debt by 7% to ₹3,990 crore.
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