Macrotech Developers Ltd experienced a 4% share increase following a 38.5% year-on-year surge in net profit for Q4 FY24. The company's net profit reached ₹921.7 crore for the quarter ending March 31, compared to ₹665.5 crore last year.
Shares traded 4.06% higher at Rs 1,373.80 as of 9:15 AM. Revenue from operations increased by 5.1% to ₹4,224.3 crore.
This growth was driven by strong demand in key markets like Mumbai, Pune, and Bengaluru. EBITDA rose 16.6% to ₹1,220.7 crore, with operating margins improving to 28.9% from 26.1%.
Full fiscal year sales bookings jumped 21% YoY to ₹17,630 crore, supported by customer collections of ₹14,490 crore, a 29% increase. Despite land acquisitions with a revenue potential of ₹23,700 crore, net debt decreased by 7% to ₹3,990 crore.