Macrotech Developers posts Rs 161 cr consolidated net profit in June quarter

Friday, 30 Jul, 7.58 pm

Realty firm Macrotech Developers on Friday reported a consolidated net profit of Rs 160.91 crore for the quarter ended June.

The company had posted a net loss of Rs 134.44 crore in the year-ago period.

Total income grew to Rs 1,712.36 crore in the first quarter of this fiscal year from Rs 572.53 crore in the corresponding period of the previous year, the Mumbai-based firm said in a regulatory filing.

Abhishek Lodha, Managing Director and Chief Executive Officer, Macrotech Developers said, "We are on a disciplined growth path with expansion across MMR and Pune region."

"There are significant growth opportunities in these markets for us given our strong brand and track record of delivering a quality product.