Macrotech Developers Experiences Revision in Its Stock Score Following Strong December 2024 Quarter Results
Macrotech Developers has reported strong financial results for the December 2024 quarter, with net sales hitting a record Rs 4,083.00 crore. The company achieved a remarkable 67.2% increase in profit before tax, reaching Rs 1,094.90 crore, while net profit after tax surged 75.8% to Rs 944.40 crore. The operating profit to interest ratio of 9.06 times indicates robust operational efficiency, and a healthy debt-equity ratio of 0.44 times reflects solid financial stability. These results position Macrotech Developers favorably in the evolving real estate market.
Macrotech Developers has reported impressive financial results for the December 2024 quarter, showcasing a significant improvement in its performance metrics. The company, operating in the construction and real estate sector, has demonstrated a robust growth trajectory, with net sales reaching an all-time high of Rs 4,083.00 crore, reflecting a notable increase compared to previous quarters.The operating profit to interest ratio stands at an impressive 9.06 times, indicating strong operational efficiency. Additionally, the profit before tax, excluding other income, has surged to Rs 1,094.90 crore, marking a remarkable growth of 67.2%. The net profit after tax has also seen substantial growth, reaching Rs 944.40 crore, which is a 75.8% increase year-over-year.
Macrotech Developers has maintained a healthy debt-equity ratio of 0.44 times, underscoring its strong financial position. The company's earnings per share have risen to Rs 9.47, further highlighting its profitability. As the market continues to evolve, Macrotech Developers remains a key player in the real estate sector, with its recent results reflecting a positive outlook for the future.
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