Buy Macrotech Developers, target price Rs 1770: Motilal Oswal

Motilal Oswal has buy call on Macrotech Developers with a target price of Rs 1770. The current market price of Macrotech Developers is Rs 1556.25.

Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4083.90 Crore, up 38.03 % from last quarter Total Income of Rs 2958.70 Crore and up 24.82 % from last year same quarter Total Income of Rs 3271.71 Crore. Company reported net profit after tax of Rs 667.70 Crore in latest quarter.