Macrotech Developers shines on reporting 22% growth in pre-sales during Q2FY25
Macrotech Developers is currently trading at Rs. 1210.40, up by 38.55 points or 3.29% from its previous closing of Rs. 1171.85 on the BSE.
The scrip opened at Rs. 1199.80 and has touched a high and low of Rs. 1222.55 and Rs. 1190.00 respectively. So far 25056 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. 702.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1288.65 and Rs. 1122.65 respectively. The current market cap of the company is Rs. 119553.26 crore.
The promoters holding in the company stood at 72.13%, while Institutions and Non-Institutions held 27.15% and 0.73% respectively.
Macrotech Developers has reported 21.53% growth in pre-sales at Rs 4290 crore in the second quarter of FY25 (Q2FY25) as compared to Rs 3530 crore in Q2FY24. For H1FY25, pre-sales stood at Rs 8320 crore.
Its collections for the September quarter grew by 11.64% to Rs 3070 crore as compared to Rs 2750 crore in Q2FY24. For H1FY25, collections stood at Rs 5760 crore.
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.
