Macrotech Developers Ltd Q4FY22 and Year Ended result : Profit surges up by 2856% to ₹1,201.41 in FY22-21

India Pre-sales: Q4FY22 at INR 3,456 crores (up 37% YoY), FY22 at INR 9,024 crores (+51% YoY)

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Macrotech Developers Ltd is the largest real estate developer in India. Its core business is residential real estate developments with a focus on affordable and mid-income housing. Geographically, it derives a majority of revenue from India. The company has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹3516.41 crore in the quarter ended on March 31, 2022 as against ₹2611.17 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 34.66%.

The company has posted a consolidated Net Profit of ₹535.46 crore in the quarter ended on March 31, 2022 as against ₹310.56 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 72.41%.

The status of the EPS of the company stood at ₹11.10 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹7.84, up by 41.58%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4)
Total Income3516.412148.742611.17
Total Expenses2714.101749.622056.90
PBT /(Loss)802.30399.46554.50
Total Tax /(credit)264.28113.08242.31
PAT /(Loss)535.46285.59310.56
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹9,579.17 crore in the financial year ended on March 31, 2022 as against ₹5,771.65 crore for the financial year ended on Mar 31, 2021, increased by 65.97%.

The company has posted a consolidated Net Profit of ₹1,201.41 crore in the financial year ended on March 31, 2022 as against ₹40.64 crore for the financial year ended on March 31, 2021. The PAT surges up huge by 2856.22%.

The status of the EPS of the company stood at ₹26.25 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹1.01, up by 2499.00%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income9,579.175,771.65
Total Expenses7863.615275.72
PBT /(Loss)1716.5433.16
Total Tax /(credit)508.03(14.73)
PAT /(Loss)1,201.4140.64
*figures are in Crores

(III) Key Highlights about the Performance :

  • Best ever annual pre-sales of Rs. 14,000+ cr.
  • Highest ever annual India pre-sales of INR 9,024Cr., +51% YoY; best ever quarterly pre-sales of Rs. 3,456 cr
  • UK projects achieved best ever annual pre-sales performance at GBP 531mn (Rs 5,000+cr.)
  • India Net Debt down to INR 9,300 crores
  • Strong Adjusted EBITDA margin for the quarter at ~36%; PAT margin at ~16%

Operational & Financial Overview

  • India Pre-sales: Q4FY22 at INR 3,456 crores (up 37% YoY), FY22 at INR 9,024 crores (+51% YoY)
  • UK Pre-sales: Q4FY22 at GBP 173mn (INR ~1,730 crores), FY22 at GBP 531mn (INR ~5,300 crores)
  • Revenues from ops.: Q4FY22 at INR 3,445 crores (up 36% YoY), FY22 at INR 9,233 crores (+69% YoY)
  • Adjusted EBITDA: Q4FY22 at INR 1,230 crores (up 33% YoY), FY22 at INR 3,243 crores (+111% YoY)
  • PAT adjusted for forex: Q4FY22 at INR 573 crores (97% YoY), FY22 at INR 1,262 crores (+271% YoY)

Shares of Macrotech Developers Limited was last trading in BSE at ₹ 1012.15 as compared to the previous close of ₹ 984.45. The total number of shares traded during the day was 3291 in over 473 trades.

The stock of Macrotech Developers Ltd last hit in BSE,

  • Intraday High of ₹ 1020.60
  • Intraday low of ₹ 995.00