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Macrotech Developers reports 72% rise in Q4 consolidated net profit

27 Apr 2022 Evaluate

Macrotech Developers has reported results for fourth quarter and year ended March 31, 2022.

The company has reported 22.35% rise in its net profit at Rs 503.79 crore for the quarter under review as compared to Rs 411.75 crore for the same quarter in the previous year. Total income of the company increased by 9.41% at Rs 3367.44 crore for Q4FY22 as compared Rs 3077.74 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 72.34% rise in its net profit at Rs 538.02 crore for the quarter under review as compared to Rs 312.19 crore for the same quarter in the previous year. Total income of the company increased by 34.67% at Rs 3516.41 crore for Q4FY22 as compared Rs 2611.17 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported 9-fold jump in its net profit at Rs 1133.46 crore as compared to Rs 122.14 crore for the previous year. Total income of the company increased by 41.46% at Rs 8519.94 crore for year under review as compared to Rs 6022.91 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported many fold jump in its net profit at Rs 1208.51 crore as compared to Rs 47.89 crore for the previous year. Total income of the company increased by 65.97% at Rs 9579.17 crore for year under review as compared to Rs 5771.65 crore for year ended March 31, 2021.

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