Macrotech Developers net profit jumps 31% at Rs 312 cr for Q4FY21
New Delhi: Mumbai-based Macrotech Developers consolidated net profit jumped 31 percent at Rs 312 crore for the fourth quarter last fiscal as compared Rs 238 crore in the same period of the previous fiscal.
The company has recently been listed on stock exchanges and has quarterly result for the first time today after getting listed.
The total income of the company dropped at Rs 2,611 crore for the fourth quarter last fiscal despite as compared Rs 3,204 crore in the same period of the previous fiscal, the company said in a regulatory filing.
For the whole of last fiscal, net profit of the tumbled to Rs 48 crore as compared to Rs 742 crore in the previous year. The total income declined to Rs 5,772 crore in the last fiscal year as against Rs 12,561 crore in the previous fiscal.
The company said the Group had given loans to Lodha UK and also to its subsidiaries for its business operations in London.