Macrotech Developers rises on reporting 40% rise in sales bookings in Q3
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Macrotech Developers is currently trading at Rs. 1217.35, up by 16.15 points or 1.34% from its previous closing of Rs. 1201.20 on the BSE.
The scrip opened at Rs. 1240.00 and has touched a high and low of Rs. 1240.00 and Rs. 1211.30 respectively. So far 7315 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. 421.15 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1340.40 and Rs. 1193.25 respectively. The current market cap of the company is Rs. 57838.54 crore.
The promoters holding in the company stood at 88.50%, while Institutions and Non-Institutions held 9.80% and 1.70% respectively.
Macrotech Developers has reported 40 per cent increase in sales bookings to Rs 2,608 crore during the quarter ended December (Q3) on higher housing demand, helping the company to trim net debt by 20 per cent to Rs 9,925 crore from Rs 12,477 crore at the end of the September quarter. The sales bookings number pertains to its projects in India. Earlier, the company had reported sales bookings of Rs 1,900 crore in its two projects in London.
The collections from customers against sales rose 44 per cent to Rs 2,127 crore from Rs 1,472 crore during the period under review. The company had achieved sales bookings of Rs 5,970 crore in the last fiscal year.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
