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.
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