InvestorQ : What explains the sharp growth in the performance of Macrotech of Lodha Group?
Sam Eswaran made post

What explains the sharp growth in the performance of Macrotech of Lodha Group?

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Moii Chavate answered.
4 weeks ago
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For the Mar-22 quarter, Macrotech Developers reported 35.96% growth in sales revenues at Rs.3,445 crore on a yoy basis. Sequential revenues were higher by a robust 67.26%. FY22 full year revenues were higher by 65.9% at Rs.9,579 crore on record pre-sales. Retail housing sales recovered sharply amidst historically low levels of interest rates. The company had complete its IPO offering during year and used the funds to largely reduce its debt burden.

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%

  

Let us now turn to the profit performance. Net profits were up 72.42% in Q4 at Rs.536 crore. That was largely because, chunk of the IPO funds raised this year were utilized to reduce the debt burden by Rs.1,500 crore. This resulted in a 61% fall in the financing cost in the quarter. Along with robust sales growth, the interest saving was a huge factor boosting the profits in Q4. Net margins were 15.55% in Mar-22 quarter as against 12.26% in Mar-21 quarter. NPMs were higher sequentially compared to 13.87% in Q3.

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