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Macrotech Developers reports 41% rise in Q3 consolidated net profit

25 Jan 2023 Evaluate

Macrotech Developers has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported a rise of 82.14% in its net profit at Rs 380.10 crore for the quarter under review as compared to Rs 208.68 crore for the same quarter in the previous year. Total income of the company increased 27.87% at Rs 1836.19 crore for Q3FY23 as compared to Rs 1435.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 41.14% in its net profit at Rs 404.98 crore for the quarter under review as compared to Rs 286.38 crore for the same quarter in the previous year. However, total income of the company decreased 11.75% at Rs 1902.44 crore for Q3FY23 as compared to Rs 2155.70 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Lodha Developers 1155.00
Prestige EstatesProj 1477.95
Dilip Buildcon 412.15
DLF 670.70
Oberoi Realty 1836.05
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