Macrotech Developers Q4 PAT up 72.42% at Rs535.46cr on 61.3% fall in finance costs amidst lower debt

27 Apr 2022 , 07:06 PM

Macrotech Developers reported 35.96% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs3,444.56cr. On a sequential basis, revenues were higher for the quarter by 67.26%.

For the full year FY22, the revenues were higher by 65.936% at Rs9,579cr. The company has seen record level of pre-sales during the quarter in line with a sharp recovery in retail housing sales amidst historically low levels of interest rates.

The company had complete its IPO during year and used the funds to largely repay debt.

The consolidated net profit for Q4 was up 72.42% at Rs535.46cr while it was up on a sequential basis by 87.49%.

Out of the total IPO funds raised during the fiscal year FY22, the company utilized Rs.1,500 crore to reduce its existing debt. This has resulted in a sharp fall of 61% in the total interest and financing cost in the quarter, which apart from sales growth, helped to boost the profits in Q4.

Net margins stood at 15.55% in Mar-22 quarter compared to 12.26% in Mar-21. The NPMs were higher sequentially compared to 13.87% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Macrotech Developers
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 3,444.56	₹ 2,533.56	35.96%	₹ 2,059.44	67.26%
Net Profit (Rs cr)	₹ 535.46	₹ 310.56	72.42%	₹ 285.59	87.49%
Diluted EPS (Rs)	₹ 11.10	₹ 7.84		₹ 6.14
Net Margins	15.55%	12.26%		13.87%