MACROTECH DEVELOPERS
Macrotech Developers Limited incorporated on 25th September 1995 was later renamed as Lodha Developers is one of the largest real estate company which design residential and commercial spaces of all ranges from luxury to affordable. The ideology of the company is expressed in four words which is “Building a better life” which means they bring exquisite properties to its customers. Three brands fall under Lodha Developers which are Lodha, Lodha Luxury and Palava. As of December 2020, the company have 36 ongoing projects and 18 upcoming projects in India. The company have its presence in India, Dubai, UK, Singapore and the United States.
Macrotech has won several awards like Bronze in Kaleido Awards 2021 by ET Brand Equity for PR communication strategy in the Real Estate & Construction category, Silver in DIGIXX 2021 Summit for Experiential Marketing for Palava’s socially distanced Rangoli during Diwali 2020 and many more. Some of the key benefits that the company have are zero promotor pledge, decades of experience in the field along with excellent operational efficiency and a Strong sales distribution network across India as well as NRI markets i.e., GCC, UK, Singapore, and the US.
Macrotech Developers recently issued their IPO which was subscribed at 1.36 times on the final day and also, they raised Rs. 740 Cr. from 14 anchor investors. Additionally, Moody’s affirmed Macrotech Developers Caa1 rating and changed the outlook to positive.
The Board of directors has not declared any dividend for the year ending 31st March 2021. Macrotech Developers got a 92.54% sequential decline in consolidated profit against the previous year at Rs 729.20 crore and revenue decreased by 56.21% against the previous year. PBT decreased by 96.69% YoY & the total income decreased by 54.05% YoY. The company showed a decline of 3.40 % in their assets and earnings per share (EPS) stood at Rs. 18.38.
The Q4 results of Macrotech Developers Limited were run of the mill.
