Macrotech Developers soars on reporting 57% rise in sales bookings during Q2FY23

Macrotech Developers is currently trading at Rs. 1013.10, up by 20.20 points or 2.03% from its previous closing of Rs. 992.90 on the BSE.

Macrotech Developers
Macrotech Developers

The scrip opened at Rs. 995.05 and has touched a high and low of Rs. 1039.95 and Rs. 990.90 respectively. So far 4262 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.

Macrotech Developers Last one week high and low of the scrip stood at Rs. 1039.95 and Rs. 908.60 respectively. The current market cap of the company is Rs. 48792.87 crore.

The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.40% and 1.40% respectively.

Macrotech Developers has reported 57% rise in its sales bookings during the July-September quarter (Q2FY23) to Rs 3,148 crore as compared to Rs 2,003 crore in Q2FY22 on strong housing demand. The collections from customers against sales rose 24% to Rs 2,375 crore in Q2FY23 from Rs 1,912 crore during Q2FY22. Net Debt for India business stood at Rs 8,796 crore in Q2FY23.

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.

Leave a Comment