Macrotech Developers drops despite reporting 72% rise in Q4 consolidated net profit
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Macrotech Developers is currently trading at Rs. 994.00, down by 18.15 points or 1.79% from its previous closing of Rs. 1012.15 on the BSE.
The scrip opened at Rs. 1041.00 and has touched a high and low of Rs. 1049.80 and Rs. 990.50 respectively. So far 24171 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 561.20 on 27-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1057.65 and Rs. 980.00 respectively. The current market cap of the company is Rs. 47933.96 crore.
The promoters holding in the company stood at 82.22%, while Institutions and Non-Institutions held 16.36% and 1.43% respectively.
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.
