Macrotech Developers Q3 profit rises 88% to Rs 944 cr on higher income
Realty firm Macrotech Developers on Saturday reported 88 per cent increase in consolidated net profit at Rs 944.4 crore for December quarter FY25 on higher income amid strong housing demand. Net profit of Macrotech Developers, which sells properties under Lodha brand, stood at Rs 503.3 crore in the year-ago period.
Total income rose to Rs 4,146.6 crore in the third quarter of this fiscal from Rs 2,958.7 crore in the corresponding period of the preceding year, according to a regulatory filing.
During the April-December period of 2024-25 fiscal, the company's net profit more than doubled to Rs 1,842.6 crore from Rs 883.6 crore in the year-ago period.
Total income rose to Rs 9,749.5 crore in the first nine months of this fiscal from Rs 6,385.6 crore a year ago.
Abhishek Lodha, MD & CEO, Macrotech Developers Ltd. said, «We achieved our best ever quarterly pre-sales performance of Rs 4,510 crore in the third quarter.»
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