Macrotech Developers Q2 Profit Surges to Rs 423.1 cr

Oct 25, 2024 20:41

Macrotech Developers, known for the Lodha brand, reported a significant jump in Q2 net profit, reaching Rs 423.1 crore, driven by strong revenue growth.

Photograph: Shailesh Andrade/Reuters

New Delhi, Oct 25 (PTI) Realty firm Macrotech Developers on Friday reported over two-fold jump in its consolidated net profit to Rs 423.1 crore for the September 2024 quarter.

Its net profit stood at Rs 202.8 crore in the year-ago period.

The total income rose to Rs 2,684.6 crore in the second quarter of this fiscal from Rs 1,755.1 crore in the corresponding period of the previous year.

Macrotech Developers, which sells properties under the Lodha brand, is one of the largest real estate firms in the country.

Macrotech Developers has a major presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru.

Source: PTI

MORE NEWS

Co-working Desks Surge for GCCs in India:...

Co-working spaces see rising demand from Global Capability Centres (GCCs) in India,...

Delhi-NCR Housing Prices Surge 57% in Jul-Sep:...

Housing prices in top Indian cities saw a rise in Jul-Sep, with Delhi-NCR leading with...

Arvind Ltd Q2 Profit Down 25% on Higher Expenses

Arvind Ltd reported a 25.44% decline in consolidated net profit for Q2 FY25, impacted...

NCIL Develops Indigenous Dialysis Machine

Nephro Care India Limited (NCIL) is developing an AI-enabled dialysis machine in...

Ajmera Realty Q2 Profit Soars 57% to Rs 35.35 Cr

Ajmera Realty & Infra India Limited reported a 57% jump in its consolidated net...

India, Saudi to Boost Cooperation in Energy,...

India's Commerce Minister Piyush Goyal will visit Saudi Arabia to discuss increased...

Udaan Raises Rs 300 Cr: Funding for Expansion &...

Online B2B platform udaan secures Rs 300 crore in debt financing from Lighthouse...

IndiGo Parent InterGlobe Aviation Shares Plunge...

InterGlobe Aviation, the parent of IndiGo, saw its shares plummet over 13% after...

Air India Room-Sharing Policy Deemed 'Illegal'...

The All India Cabin Crew Association (AICCA) has called Air India's new room-sharing...

Deepak Builders Shares Debut Below Issue Price

Deepak Builders & Engineers India Ltd shares listed with a discount of over 2% on the...

Macrotech Developers Q2 Profit Surges to Rs 423.1 cr

You May Like To Read

MORE NEWS