Macrotech Developers Q4 profit up 39pc to Rs 744cr; to issue bonus shares in 1:1 ratio
Macrotech Developers sells properties under the Lodha brand and is one of the leading real estate companies in India. Total income fell to Rs 3,271.71 crore in January-March 2022-23 from Rs 3,481.92 crore in the corresponding period of the previous year.
Macrotech Developers Q4 results: Realty firm Macrotech Developers on Saturday reported 39 per cent increase in consolidated net profit at Rs 744.36 crore for March quarter and announced issue of bonus shares to shareholders in ratio of 1:1.
Its net profit stood at Rs 535.46 crore in the year-ago period, Macrotech Developers said in a regulatory filing.
Macrotech Developers sells properties under the Lodha brand and is one of the leading real estate companies in India. Total income fell to Rs 3,271.71 crore in January-March 2022-23 from Rs 3,481.92 crore in the corresponding period of the previous year.
Net profit fell to Rs 486.63 crore in the quarter from Rs 1,202.37 crore in the year-ago period. Total income rose to Rs 9,611.16 crore in the last fiscal from Rs 9,525.59 crore in 2021-22.
Macrotech Developers said its board has approved issue of bonus shares in the proportion of one new fully paid up equity share of Rs 10 each for every existing shares of Rs 10 each held by members of the company on record date.
The company will seek shareholders' approvals on bonus issue through postal ballot.
Also Read: Akshaya Tritiya 2023: Jewellers expect pick up in sales on softening of gold prices
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
IPL Auction 2025 Free Live Streaming: When and where to watch Indian Premier League 2025 mega auction live online, on TV, Mobile Apps, and Laptop?
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
07:39 PM IST