ICICI Securities is 'bullish' on this real estate stock; sees a 24% upside
Updated: 11 Jul 2022, 07:58 AM IST
TL;DR.In Q4FY22, the company's consolidated net profit surged 72.4% to ₹535.46 on a 36% jump in net sales to ₹3,444.56 over Q4FY21. Profit before tax (PBT) increased by 44.7 per cent in Q4 March 2022, to ₹802.30 crore, from ₹554.50 crore in Q4 March 2021.
Macrotech Developers is a real estate firm. It has a major presence in the Mumbai Metropolitan Region (MMR) and in the Pune market. The company has recently forayed into Bengaluru.