MACROTECH DEVELOPERS share price has plunged 3% and is presently trading at Rs 1,136.7.
Meanwhile, the BSE REALTY index is at 8,044.7 (down 1.7%).
Among the top losers in the BSE REALTY index today are Godrej Properties (down 2.3%) and Phoenix Mill (down 2.0%).
MAHINDRA LIFESPACE (up 1.1%) and Brigade Enterprises (up 0.6%) are among the top gainers today.
Over the last one year, MACROTECH DEVELOPERS has moved up from Rs 788.4 to Rs 1,136.7, registering a gain of Rs 348.3 (up 44.2%).
On the other hand, the BSE REALTY index has moved up from 4,625.6 to 8,044.7, registering a gain of 73.9% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 178.4%), Sobha (up 167.2%) and Brigade Enterprises (up 136.9%).
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The BSE Sensex is at 82,480.4 .
The top losers among the BSE Sensex today are Bajaj Finance (down 1.3%) and NTPC (down 1.1%). The most traded stocks in the BSE Sensex are Axis Bank and Tata Steel.
In the meantime, NSE Nifty is at 25,237.1 (down 0.1%). BPCL and IOC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 82,480.4, registering a gain of 16,968.3 points (up 25.9%).
MACROTECH DEVELOPERS net profit grew 163.6% YoY to Rs 4,763 million for the quarter ended June 2024, compared to a profit of Rs 1,807 million a year ago. Net sales rose 76.0% to Rs 28,465 million during the period as against Rs 16,174 million in April-June 2023.
For the year ended March 2024, MACROTECH DEVELOPERS reported 217.5% increase in net profit to Rs 15,542 million compared to net profit of Rs 4,895 million during FY23. Revenue of the company grew 8.9% to Rs 103,161 million during FY24.
The current Price to earnings ratio of MACROTECH DEVELOPERS, based on rolling 12 month earnings, stands at 60.7.
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