Macrotech Developers gains on reporting 20% growth in pre-sales during Q1FY25
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Macrotech Developers is currently trading at Rs. 1524.90, up by 14.75 points or 0.98% from its previous closing of Rs. 1510.15 on the BSE.
The scrip opened at Rs. 1524.40 and has touched a high and low of Rs. 1528.05 and Rs. 1506.45 respectively. So far 7279 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. 641.05 on 28-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1535.00 and Rs. 1468.00 respectively. The current market cap of the company is Rs. 150122.19 crore.
The promoters holding in the company stood at 72.16%, while Institutions and Non-Institutions held 27.11% and 0.73% respectively.
Macrotech Developers has reported 20% growth in pre-sales at Rs 4,030 crore in the first quarter of FY25 as compared to Rs 3,350 crore in Q1FY24. For the full last financial year (FY24), pre-sales stood at Rs 14,520 crore.
Its collections for the June quarter grew by 12% to Rs 2,690 crore as compared to Rs 2,400 crore in Q1FY24. For the full last financial year (FY24) collections stood at Rs 11,260 crore. Despite the significant investments in Business development in this quarter (Q1FY25), company’s net debt stands at Rs 4,320 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.
