Macrotech Developers reports 40% growth in pre-sales during Q4FY24

05 Apr 2024 Evaluate

Macrotech Developers has reported 40% growth in pre-sales at Rs 4,230 crore in the fourth quarter of FY24. For the full financial year, pre-sales stood at Rs 14,520 crore. Its collections for the March quarter grew by 20% to Rs 3,510 crore as compared to Rs 2,930 crore. Full-year collections stood at Rs 11,260 crore. The company has reduced its net debt to Rs 3,010 crore in Q4FY24 from Rs 7,070 crore during the same period last year.

Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.

Macrotech Developers Share Price

1257.00 10.90 (0.87%)
25-Nov-2024 12:52 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 445.50
Macrotech Developers 1257.00
NBCC (India) 94.70
Phoenix Mills 1663.25
Ahluwalia Contract(I 958.85
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