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Consolidated net sales (including other operating income) of Macrotech Developers for the quarter ended Dec 2022 has declined 13.87% to Rs 1773.8 crore. Operating profit margin has declined from 23.25% to 22.76%, leading to 15.68% decline in operating profit to Rs 403.75 crore. Employee cost increased from 3.97% to 6.42%. Other expenses fell from 72.78% to 70.82%. Selling and administration expenses fell from 64.15% to 58.73%. Construction development cost fell from 64.15% to 58.73%. Other income rose 33.64% to Rs 128.64 crore. PBIDT fell 7.42% to Rs 532.39 crore. Provision for interest fell 25.19% to Rs 117.64 crore. PBDT fell 0.74% to Rs 414.75 crore. Provision for depreciation rose 15.77% to Rs 21.66 crore. Profit before tax down 1.51% to Rs 393.09 crore. Provision for tax was credit of Rs 11.92 crore, compared to debit of Rs 113.08 crore. Effective tax rate was negative 3.03% compared to 28.31%. Minority interest decreased 44.30% to Rs 0.44 crore. Net profit attributable to owners of the company increased 41.65% to Rs 404.54 crore.
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Macrotech Developers has increased 7.37% to Rs 6214.98 crore.
Operating profit margin has declined from 21.99% to 20.83%, leading to 1.70% rise in operating profit to Rs 1,294.47 crore. Employee cost increased from 4.55% to 5.16%. Other expenses rose from 73.46% to 74.02%. Selling and administration expenses fell from 65.90% to 64.24%. Construction development cost fell from 65.90% to 64.24%. Other income fell 51.14% to Rs 124.47 crore. PBIDT fell 7.11% to Rs 1418.94 crore. Provision for interest fell 35.21% to Rs 361.91 crore. PBDT rose 9.08% to Rs 1057.03 crore. Provision for depreciation rose 13.32% to Rs 63.2 crore. Profit before tax grew 8.82% to Rs 993.83 crore. Provision for tax was expense of Rs 70.97 crore, compared to Rs 243.75 crore. Effective tax rate was negative 38.20% compared to 26.66%.Minority interest decreased 72.91% to Rs 0.97 crore. Promoters’ stake was 75.00% as of 31 December 2022 ,compared to 82.22% as of 31 December 2021 .
| Macrotech Developers : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 1,773.80 | 2,059.44 | -13.87 | 6,214.98 | 5,788.64 | 7.37 | 9,233.20 | 5,448.57 | 69.46 | | OPM (%) | 22.76 | 23.25 | -49 bps | 20.83 | 21.99 | -116 bps | 23.60 | 25.18 | -159 bps | | OP | 403.75 | 478.82 | -15.68 | 1,294.47 | 1,272.84 | 1.70 | 2,178.58 | 1,371.96 | 58.79 | | Other Inc. | 128.64 | 96.26 | 33.64 | 124.47 | 254.73 | -51.14 | 292.09 | 323.08 | -9.59 | | PBIDT | 532.39 | 575.08 | -7.42 | 1,418.94 | 1,527.57 | -7.11 | 2,470.67 | 1,695.04 | 45.76 | | Interest | 117.64 | 157.25 | -25.19 | 361.91 | 558.55 | -35.21 | 680.34 | 1,125.69 | -39.56 | | PBDT | 414.75 | 417.83 | -0.74 | 1,057.03 | 969.02 | 9.08 | 1,790.33 | 569.35 | 214.45 | | Depreciation | 21.66 | 18.71 | 15.77 | 63.2 | 55.77 | 13.32 | 74.77 | 73.42 | 1.84 | | PBT | 393.09 | 399.12 | -1.51 | 993.83 | 913.25 | 8.82 | 1715.56 | 495.93 | 245.93 | | Share of Profit/(Loss) from Associates | -0.03 | 0.34 | PL | -2.23 | 0.99 | PL | 0.98 | -0.02 | LP | | PBT before EO | 393.06 | 399.46 | -1.60 | 991.6 | 914.24 | 8.46 | 1716.54 | 495.91 | 246.14 | | EO Income | 0 | 0 | - | -1177.39 | 0 | - | 0 | -462.75 | - | | PBT after EO | 393.06 | 399.46 | -1.60 | -185.79 | 914.24 | PL | 1716.54 | 33.16 | 5,076.54 | | Taxation | -11.92 | 113.08 | LP | 70.97 | 243.75 | -70.88 | 508.03 | -14.73 | PL | | PAT | 404.98 | 286.38 | 41.41 | -256.76 | 670.49 | PL | 1208.51 | 47.89 | 2,423.51 | | Minority Interest (MI) | 0.44 | 0.79 | -44.30 | 0.97 | 3.58 | -72.91 | 6.14 | 7.73 | -20.57 | | Net profit | 404.54 | 285.59 | 41.65 | -257.73 | 666.91 | PL | 1202.37 | 40.16 | 2,893.95 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 404.54 | 285.59 | 41.65 | -257.73 | 666.91 | PL | 1202.37 | 40.16 | 2,893.95 | | EPS (Rs)* | 8.15 | 5.93 | 37.48 | 19.18 | 13.84 | 38.57 | 24.96 | 8.63 | 189.11 | | | * EPS is on current equity of Rs 481.75 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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