Macrotech Developers Q1 net profit down 23.26% at Rs 138.69 cr
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The company reported standalone net profit of Rs 138.69 crore for the quarter ended June 30, 2022 as compared to Rs 180.73 crore in the same period last year, registering a year-on-year decline of 23.26 per cent. Net revenue of the company rose substantially by 47.88 per cent at Rs 2,239.39 crore in April-June quarter of this fiscal as against Rs 1,514.38 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 60.43 per cent to Rs 1,860.16 crore from Rs 1,159.45 crore in year ago period. Other Income dipped by 71.59 per cent at Rs 13.86 crore versus (Jun'21 Rs 48.79 crore). Operating Profit surged by 6.85 per cent to Rs 379.23 crore as against Rs 354.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.77 per cent in June quarter. Interest grew by 34.08 per cent y-o-y to Rs 198.55 crore, while Taxation decreased by 44.84 per cent at Rs 34.66 crore (Jun'21 Rs 62.83 crore).
