MACROTECH DEVELOPERS LTD.
NSE : LODHABSE : 543287ISIN
CODE : INE670K01029Industry : Construction - Real EstateHouse
: Private
BSE1196.95-16.35 (-1.35 % )
PREV CLOSE (Rs.) 1213.30
OPEN PRICE (Rs.) 1220.60
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 30335
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1197.55 -15.75 (-1.3 % )
PREV CLOSE(Rs.) 1213.30
OPEN PRICE (Rs.) 1227.35
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1197.55 (1417 )
VOLUME 780758
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 25-Apr-2024 | Macrotech Developers reports 11% fall in Q4 consolidated net profit | <p style="text-align: justify;">Macrotech Developers has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 25.68% fall in its net profit at Rs 539.20 crore for the quarter under review as compared to Rs 725.50 crore for the same quarter in the previous year. However, total income of the company increased by 15.24% at Rs 3656.40 crore for Q4FY24 as compared Rs 3172.80 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 10.61% fall in its net profit at Rs 667.00 crore for fourth quarter ended March 31, 2024 as compared to Rs 746.20 crore for the same quarter in the previous year. However, total income of the company increased by 24.83% at Rs 4083.90 crore for Q4FY24 as compared Rs 3271.70 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported over 2-fold jump in its net profit at Rs 1163.80 crore as compared to Rs 456.00 crore for the previous year. Total income of the company increased by 3.14% at Rs 9778.30 crore for year under review as compared to Rs 9480.40 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 1554.20 crore as compared to Rs 489.50 crore for the previous year. Total income of the company increased by 8.93% at Rs 10469.50 crore for year under review as compared to Rs 9611.20 crore for year ended March 31, 2023.</p> |
| 24-Apr-2024 | Realty stocks trade higher amid neutral outlook for Indian residential real estate sector for FY25 | <p style="text-align: justify;">Realty industry stocks were trading higher on the BSE, as India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the Indian residential real estate sector for the financial year 2024-25 (FY25). It said absorption in residential real estate and prices are likely to be supported by affordability and stability of interest rates. However, given the high base of the just-concluded financial year 2023-24, the growth rates are likely to taper down.</p><p style="text-align: justify;">Macrotech Developers is currently trading at Rs. 1249.25, up by 15.00 points or 1.22% from its previous closing of Rs. 1234.25 on the BSE.</p><p style="text-align: justify;">DLF is currently trading at Rs. 894.05, up by 8.55 points or 0.97% from its previous closing of Rs. 885.50 on the BSE.</p><p style="text-align: justify;">Sobha is currently trading at Rs. 1727.00, up by 9.45 points or 0.55% from its previous closing of Rs. 1717.55 on the BSE.</p><p style="text-align: justify;">The residential real estate market registered a strong performance in the first three quarters of 2023-24 where the sales growth exceeded 25 per cent year-on-year for the top eight real estate clusters, despite price increases and sticky interest rates. With most regions witnessing a surge in prices, it expects the pre-sales growth to moderate to 8 per cent to 10 per cent year-on-year in the current financial year.</p><p style="text-align: justify;">Further, it expects the prices to have been higher 22 per cent year-on-year at end-2023-24 and would be subdued at around 5 per cent for 2024-25, due to the base effect and large amount of new launches planned. Moreover, it expects the mid-income and upper mid-income segments, which emerged as the leading consumer segments in 2023-24, to continue to witness a strong buyer interest.</p><div style="text-align: justify;"><br></div> |
| 05-Apr-2024 | Macrotech Developers reports 40% growth in pre-sales during Q4FY24 | <p style="text-align: justify;">Macrotech Developers has reported 40% growth in pre-sales at Rs 4,230 crore in the fourth quarter of FY24. For the full financial year, pre-sales stood at Rs 14,520 crore. Its collections for the March quarter grew by 20% to Rs 3,510 crore as compared to Rs 2,930 crore. Full-year collections stood at Rs 11,260 crore. The company has reduced its net debt to Rs 3,010 crore in Q4FY24 from Rs 7,070 crore during the same period last year.</p><p style="text-align: justify;">Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.</p> |
| 05-Apr-2024 | Macrotech Developers informs about key operational updates | <p style="text-align: justify;">Macrotech Developers has informed that it enclosed key operational updates for 4QFY24.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.<br><br></p><div style="text-align: justify;"><br></div><div><br></div> |
| 05-Apr-2024 | Macrotech Developers trades higher on reporting 40% growth in pre-sales during Q4FY24 | <p style="text-align: justify;">Macrotech Developers is currently trading at Rs. 1155.60, up by 18.15 points or 1.60% from its previous closing of Rs. 1137.45 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1151.10 and has touched a high and low of Rs. 1160.30 and Rs. 1137.45 respectively. So far 6593 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1277.45 on 11-Mar-2024 and a 52 week low of Rs. 440.50 on 25-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1195.00 and Rs. 1110.00 respectively. The current market cap of the company is Rs. 114750.30 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 24.29% and 0.78% respectively.</p><p style="text-align: justify;">Macrotech Developers has reported 40% growth in pre-sales at Rs 4,230 crore in the fourth quarter of FY24. For the full financial year, pre-sales stood at Rs 14,520 crore. Its collections for the March quarter grew by 20% to Rs 3,510 crore as compared to Rs 2,930 crore. Full-year collections stood at Rs 11,260 crore. The company has reduced its net debt to Rs 3,010 crore in Q4FY24 from Rs 7,070 crore during the same period last year.</p><p style="text-align: justify;">Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.</p> |
| 11-Mar-2024 | Macrotech Developers climbs on raising Rs 3,300 crore via QIP | <p style="text-align: justify;">Macrotech Developers is currently trading at Rs. 1202.00, up by 30.15 points or 2.57% from its previous closing of Rs. 1171.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1195.30 and has touched a high and low of Rs. 1277.45 and Rs. 1186.10 respectively. So far 12903 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,277.45 on 11-Mar-2024 and a 52 week low of Rs. 390.33 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1,277.45 and Rs. 1127.00 respectively. The current market cap of the company is Rs. 121095.52 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 24.29% and 0.78% respectively.</p><p style="text-align: justify;">Macrotech Developers has raised Rs 3,300 crore by selling shares to institutional investors. The Qualified Institutional Placement (QIP) was oversubscribed nearly 3 times within 5 hours of issue opening and witnessed traction from a diversified set of investors with a long-term outlook, including sovereign funds, pension funds, insurers etc. This is the fourth equity raise by Macrotech Developers in the last 36 months and the company has raised over Rs 13,000 crore. The entire book was allocated to marquee global investors.</p><p style="text-align: justify;">Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.</p><div style="text-align: justify;"><br></div> |
| 11-Mar-2024 | Macrotech Developers, Tata Technologies and JSW Energy to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Macrotech Developers </span>has raised Rs 3,300 crore by selling shares to institutional investors. The Qualified Institutional Placement (QIP) was oversubscribed nearly 3 times within 5 hours of issue opening and witnessed traction from a diversified set of investors with a long-term outlook, including sovereign funds, pension funds, insurers etc. This is the fourth equity raise by Macrotech Developers in the last 36 months and the company has raised over Rs 13,000 crore. The entire book was allocated to marquee global investors.</p><p style="text-align: justify;"><span style="font-weight: bold;">Tata Technologies</span> has signed a 5-year Memorandum of Agreement (MoA) with the Government of Telangana to modernize 65 government-owned ITIs across the state with a total project cost of Rs 2324 crore. This collaboration is an extension of Tata Technologies' efforts to support projects of high social impact and complement the efforts of the Telangana Government to enhance the availability of skilled talent and attract investments from industries desirous of setting-up manufacturing infrastructure in Telangana. </p><p style="text-align: justify;">JSW Renewable Technologies, a wholly owned subsidiary of JSW Neo Energy (JSW Neo) and step-down subsidiary of <span style="font-weight: bold;">JSW Energy,</span> has entered into a technology licensing agreement with SANY Renewable Energy for the manufacturing of 3.X MW WTGs in India for captive usage by the Company.</p><p style="text-align: justify;"><span style="font-weight: bold;">Panabyte Technologies </span>has received a Sub-contract work order from Esec Security Consultants to carry out Installation work of Access Control System at Delhi Airport. Broad consideration or size of the order is Rs 43.27 lakh. </p><p style="text-align: justify;"><span style="font-weight: bold;">Ravindra Energy </span>(REL) has received a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL), to develop and operate 100 MW(AC) of decentralized feeder level PV solar projects. This LoA has been issued under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY) of the Government of Maharashtra. </p><p style="text-align: justify;"><span style="font-weight: bold;">Entero Healthcare Solutions </span>has received approval to acquire balance 12,00,000 Equity Shares (representing 15% paid up equity share capital) from erstwhile promoters of Getwell Medicare Solution (Getwell) in terms of Share Purchase cum Shareholders‘ Agreement (SPSA) dated December 20, 2018 and thereby making Getwell a wholly-owned subsidiary of the Company. The said acquisition is expected to completed on March 14, 2024. The Board of Directors of the Company at their meeting held on March 08, 2024 has approved the same. </p><p style="text-align: justify;"><span style="font-weight: bold;">Dilip Buildcon</span> has declared as L-1 bidder for the tender floated by the National Highways Authority of India (NHAI) on Hybrid Annuity basis in the state of Tamil Nadu. The project is for ‘Improving the Alignment of Thoppur Ghat Section from Km 158+500 to 165+100 in Dharmapuri - Salem Section of NH-44 under NH(O) 2023-24 on Hybrid Annuity Mode in the State of Tamil Nadu.' The bid project cost is Rs 548 crore. The completion period of the project is 36 months.</p> |
| 09-Mar-2024 | Macrotech Developers raises Rs 3,300 crore via QIP | <p style="text-align: justify;">Macrotech Developers has raised Rs 3,300 crore by selling shares to institutional investors. The Qualified Institutional Placement (QIP) was oversubscribed nearly 3 times within 5 hours of issue opening and witnessed traction from a diversified set of investors with a long-term outlook, including sovereign funds, pension funds, insurers etc. This is the fourth equity raise by Macrotech Developers in the last 36 months and the company has raised over Rs 13,000 crore. The entire book was allocated to marquee global investors.</p><p style="text-align: justify;">Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.</p><div style="text-align: justify;"><br></div> |
| 07-Mar-2024 | Macrotech Developers informs about outcome of committee meet | <div style="text-align: justify;">Further to its letter dated March 4, 2024 intimating about the meeting of the Committee for Fund Raise of the board of directors to be held on March 7, 2024 in respect of the Issue, Macrotech Developers has informed that the Committee at its meeting held today, March 7, 2024 has, passed the following resolutions: a. Approving the closure of the issue period for the Issue today March 7, 2024; b. Determining and approving the issue price of ? 1,098 per Equity Share (including a premium of ? 1,088 per Equity Share), which is at a discount of 2.79% (i.e., ? 31.48 per Equity Share) to the floor price of ? 1,129.48 per Equity Share]determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; c. Approving and finalising the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue; and d. Approving and adopting placement document dated March 7, 2024 in connection with the Issue. In this relation the company is filing the placement document dated March 7, 2024 with the BSE and National Stock Exchange of India. The meeting of the Committee commenced at 8.30 am and concluded at 9.00 am.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 27-Feb-2024 | Real estate stocks surge after RBI says All-India House Price Index grows to 3.8% in Q3FY24 | <p style="text-align: justify;">The real estate industry related stocks surged on the BSE after the Reserve Bank of India (RBI) in its latest report has showed that All-India house price index (HPI) increased by 3.8 per cent year on year (y-o-y) in Q3:2023-24 (Q3FY24) compared to 3.5 per cent growth in the previous quarter and 2.8 per cent a year ago.</p><p style="text-align: justify;">Macrotech Developers is currently trading at Rs. 1142.00, up by 26.35 points or 2.36% from its previous closing of Rs. 1115.65 on the BSE.</p><p style="text-align: justify;">DLF is currently trading at Rs. 916.60, up by 13.50 points or 1.49% from its previous closing of Rs. 903.10 on the BSE.</p><p style="text-align: justify;"><span style="text-align: left;">Sobha is currently trading at Rs. 1620.00, up by 42.95 points or 2.72 % from its previous closing of Rs. 1577.05 on the BSE.</span></p><p style="text-align: justify;">According to the report, Chennai emerged as the city with the highest growth rate at 8.4 per cent, while Kochi saw the most negligible growth at just 0.6 per cent. On a sequential (q-o-q) basis, all-India HPI increased by 1.6 per cent in Q3:2023-24. It said among the ten cities, six (viz., Delhi, Mumbai, Chennai, Bengaluru, Ahmedabad and Kochi) recorded a rise in house prices during the latest quarter.</p><p style="text-align: justify;">The quarterly house price index released by RBI for Q3:2023-24, based on transaction-level data received from the registration authorities in ten major cities. The HPI serves as a vital barometer for the health of the real estate sector, a sector that significantly influences the broader economy through its connections to construction, finance, and consumer spending.</p><div style="text-align: justify;"><br></div> |
