Macrotech Developers surges on turning black in Q2
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Macrotech Developers has reported results for second quarter ended September 30, 2023 (Q2FY24).
Macrotech Developers is currently trading at Rs. 760.00, up by 23.85 points or 3.24 % from its previous closing of Rs. 736.15 on the BSE.
The scrip opened at Rs. 748.95 and has touched a high and low of Rs. 778.00 and Rs. 745.10 respectively. So far 35870 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 829.00 on 11-Oct-2023 and a 52 week low of Rs. 355.50 on 24-Feb-2023.
Last one week high and low of the scrip stood at Rs. 809.00 and Rs. 702.00 respectively. The current market cap of the company is Rs. 73226.40 crore.
The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 24.02% and 1.05% respectively.
The company has reported net profit at Rs 176.10 crore for Q2FY24 as compared to net loss of Rs 938.80 crore for the same quarter in the previous year. Total income of the company increased by 0.76% at Rs 1754.60 crore for Q2FY24 as compared Rs 1741.30 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit at Rs 202.80 crore for the quarter under review as compared to net loss of Rs 932.90 crore for the same quarter in the previous year. However, total income of the company decreased by 0.35% at Rs 1755.10 crore for Q2FY24 as compared Rs 1761.20 crore for the corresponding quarter previous year.
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