Macrotech Developers falls despite reporting 32% growth in pre-sales during Q3FY25
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Macrotech Developers is currently trading at Rs. 1370.00, down by 28.70 points or 2.05% from its previous closing of Rs. 1398.70 on the BSE.
The scrip opened at Rs. 1421.55 and has touched a high and low of Rs. 1450.75 and Rs. 1362.15 respectively. So far 22059 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1648.00 on 18-Jun-2024 and a 52 week low of Rs. 978.00 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1460.00 and Rs. 1347.00 respectively. The current market cap of the company is Rs. 136231.41 crore.
The promoters holding in the company stood at 72.11%, while Institutions and Non-Institutions held 26.98% and 0.91% respectively.
Macrotech Developers has reported 32% growth in pre-sales at Rs 4510 crore in the third quarter of FY25 (Q3FY25) as compared to Rs 3410 crore in Q3FY24. For Q2FY25, pre-sales stood at Rs 4290 crore.
Its collections for the December quarter grew by 66% to Rs 4290 crore as compared to Rs 2590 crore in Q3FY24. For Q2FY25, collections stood at Rs 3070 crore.
On the back of strong collections, company’s net debt reduced by Rs 610 crore to Rs 4320 crore, well below its ceiling of 0.5x Net Debt/Equity.
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.
