- Macrotech’s net income in the third quarter reached 9.44 billion rupees, marking an 88% increase compared to the previous year and beating the estimated 5.23 billion rupees.
- The company’s revenue for the quarter was 40.83 billion rupees, showing a 39% year-on-year growth and surpassing the projected 32 billion rupees.
- Total costs for the quarter were 29.9 billion rupees, which represents a 36% increase from the previous year.
- Other income rose significantly to 636 million rupees from 281 million rupees the previous year.
- Sanjay Chauhan has been appointed as the new Chief Financial Officer (CFO) of Macrotech.
- The firm’s current analyst recommendations include 13 buy ratings, 4 hold ratings, and 2 sell ratings.
A look at Macrotech Developers Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Macrotech Developers, a real estate company known for owning and developing commercial and industrial properties, has shown a positive outlook for the long term based on the Smartkarma Smart Scores analysis. With a strong focus on growth and momentum, scoring 4 out of 5 in both categories, the company is positioned well for expansion and continued success in the future. Additionally, Macrotech Developers has demonstrated resilience, scoring 3 out of 5, indicating its ability to weather challenges and adapt to changing market conditions.
While the Value and Dividend scores are more moderate at 2 out of 5 each, the company’s emphasis on growth and momentum suggests a promising trajectory ahead. Overall, Macrotech Developers appears to be in a favorable position to capitalize on opportunities in the real estate sector and deliver value to its shareholders in the long run, backed by its strong performance in key areas according to the Smartkarma Smart Scores assessment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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