- Macrotech reported a 4th quarter net income of 9.22 billion rupees, marking a 38% increase year-over-year and aligning with estimates of 9.14 billion rupees.
- The company’s revenue reached 42.2 billion rupees, reflecting a 5% growth compared to the previous year, though slightly under the estimate of 44.14 billion rupees.
- Total costs for the quarter were 32.3 billion rupees, barely rising by 0.9% year-over-year.
- Other income surged to 1.96 billion rupees from 654 million rupees the previous year, showcasing significant growth.
- A dividend of 4.25 rupees per share was announced.
- The stock received 14 buy ratings, 3 hold ratings, and 1 sell rating from analysts.
Macrotech Developers on Smartkarma
Analyst coverage of Macrotech Developers on Smartkarma has been brought to light by Nimish Maheshwari in a report titled “Macrotech Developers: Decoding Family Feud and Corporate Governance Overhang.” The report delves into the legal dispute between the Lodha brothers, Abhishek and Abhinandan, over the use of the “Lodha” brand. Macrotech Developers is seeking a perpetual injunction and INR5,000 crore in damages in this ongoing battle, despite a family settlement agreement dating back to 2017. The Bombay High Court is set to hear the case on January 27, as mentioned in the report by Nimish Maheshwari, who has taken a bearish stance on the situation.
A look at Macrotech Developers Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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
Analyzing the Smartkarma Smart Scores for Macrotech Developers, the company shows a promising long-term outlook. With scores of 4 each in Growth, Resilience, and Momentum, Macrotech Developers is positioned well for future expansion and adapting to market challenges. This indicates strong potential for growth and the ability to withstand economic downturns. Additionally, the scores of 2 in both Value and Dividend highlight stability and potential financial gains for investors in the company.
Macrotech Developers Limited, a real estate company specializing in commercial and industrial properties, has received favorable scores across key factors. Customers worldwide benefit from the company’s services, further solidifying its market presence and potential for sustained success in the real estate sector.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
