Macrotech Developers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 24, 2023 at 08:35 am
Share
Macrotech Developers Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 17,738 million compared to INR 20,594.4 million a year ago. Revenue was INR 19,024.4 million compared to INR 21,557 million a year ago. Net income was INR 4,045.4 million compared to INR 2,855.9 million a year ago. Basic earnings per share from continuing operations was INR 4.2 compared to INR 3.075 a year ago. Diluted earnings per share from continuing operations was INR 4.195 compared to INR 3.07 a year ago.
For the nine months, sales was INR 62,149.8 million compared to INR 57,886.4 million a year ago. Revenue was INR 63,394.5 million compared to INR 60,433.7 million a year ago. Net loss was INR 2,577.3 million compared to net income of INR 6,669.1 million a year ago. Basic loss per share from continuing operations was INR 2.675 compared to basic earnings per share from continuing operations of INR 7.415 a year ago. Diluted loss per share from continuing operations was INR 2.675 compared to diluted earnings per share from continuing operations of INR 7.405 a year ago.
Macrotech Developers Limited is engaged in the business of real estate property development in India and the United Kingdom. The Company has a portfolio of housing projects, premium and luxury housing projects, industrial and logistics park segments. Its housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road). Its townships are located at Palava (Navi Mumbai, Dombivali Region) and Upper Thane (Thane outskirts). Its premium and luxury housing projects include Lodha Park (Worli), Lodha World Towers (Lower Parel), Lodha Venezia (Parel) and New Cuffe Parade (Wadala). In addition, it has projects under the Lodha Luxury brand, which comprises small-scale, high-value developments such as Lodha Altamount (Altamount Road), Lodha Seamont (Walkeshwar) and Lodha Maison (Worli).