Macrotech Ltd Q3 PAT up 25.7% at Rs285.59cr on higher revenues and sharp fall in financing costs

27 Jan 2022 , 12:56 PM

Macrotech Ltd reported 34.32% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs2,148.74cr. On a sequential basis, the revenues were lower for the quarter by -2.40% due to the back-ended effect of the Omicron virus in December.

During the quarter, the company there was a sharp pick up in the overall activity compared to a year back. However, the volumes did get impacted in December after the Omicron variant surfaced. Company completed its Rs.2,500 crore IPO last year, use to reduce debt.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 25.67% at Rs285.59cr on higher revenues offset by higher project costs.

However, debt reduction helped to reduce the overall financing costs. As a result, the interest coverage ratio improved from 1.82X to 2.16X while the debt equity ratio reduced sharply from 4.27X to 1.16X on a yoy basis on debt repayment with IPO proceeds.

Net margins tapered from 14.21% in the Dec-20 quarter to 13.29% in the Dec-21 quarter. Net margins were higher sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	Macrotech Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 2,148.74	₹ 1,599.77	34.32%	₹ 2,201.66	-2.40%
Net Profit (Rs cr)	₹ 285.59	₹ 227.25	25.67%	₹ 220.41	29.57%
Diluted EPS (Rs)	₹ 6.14	₹ 5.74		₹ 4.92
Net Margins	13.29%	14.21%		10.01%