Macrotech Developers Reports Strong Financial Performance in Q4 2023
Macrotech Developers, a leading construction and real estate company, has recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Macrotech Developers has shown a positive performance in the quarter, with a score of 15 compared to -10 in the previous quarter. This improvement can be attributed to various factors.
One of the key highlights of the financial report is the growth in Profit Before Tax (PBT) less Other Income. The company has recorded a PBT of Rs 725.90 crore, which is a significant increase of 118.9% compared to the average PBT of the previous four quarters. This shows a very positive trend in the near term.
Another positive aspect is the company's ability to manage interest payments, as seen in the Operating Profit to Interest ratio. With a ratio of 7.56 times, it is the highest in the last five quarters, indicating an improvement in the company's financial management.
The Profit After Tax (PAT) has also shown a growth of 53.0% compared to the average PAT of the previous four quarters. This is a very positive trend in the near term. Additionally, the company has been reducing its borrowing in comparison to its equity capital, as seen in the Debt-Equity ratio, which is the lowest in the last five half-yearly periods.
The company's sales have also seen a positive trend, with a growth of 39.6% in the quarter compared to the average Net Sales of the previous four quarters. This indicates a strong demand for the company's products and services.
Macrotech Developers has also recorded the highest Operating Profit (PBDIT) in the last five quarters, and the Operating Profit Margin has also improved, reaching its highest at 30.12%. This shows an increase in the company's efficiency.
In conclusion, Macrotech Developers has shown a positive financial performance in the quarter ending December 2023, with various factors contributing to this growth. With a 'Hold' call from MarketsMOJO, the company is expected to continue its positive trend in the near future.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
