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Consolidated net sales (including other operating income) of Macrotech Developers for the quarter ended Sep 2023 has declined 0.89% to Rs 1749.6 crore. Operating profit margin has declined from 24.01% to 23.78%, leading to 1.84% decline in operating profit to Rs 416.10 crore. Employee cost increased from 6.26% to 6.59%. Other expenses fell from 69.73% to 69.63%. Selling and administration expenses fell from 59.50% to 57.10%. Construction development cost fell from 59.50% to 57.10%. PBIDT rose 0.45% to Rs 421.6 crore. Provision for interest fell 1.44% to Rs 123.1 crore. Loan funds declined from Rs 10,496.94 crore as of 30 September 2022 to Rs 8,740.30 crore as of 30 September 2023. Inventories rose to Rs 31,145.40 crore as of 30 September 2023 from Rs 28,016.67 crore as of 30 September 2022. Sundry debtors were higher at Rs 682.70 crore as of 30 September 2023 compared to Rs 589.80 crore as of 30 September 2022. Cash and bank balance rose to Rs 1,815.60 crore as of 30 September 2023 from Rs 1,413.85 crore as of 30 September 2022. Investments rose to Rs 566.70 crore as of 30 September 2023 from Rs 314.36 crore as of 30 September 2022 . PBDT rose 1.26% to Rs 298.5 crore. Provision for depreciation rose 33.79% to Rs 29.3 crore. Fixed assets increased to Rs 1,331.80 crore as of 30 September 2023 from Rs 1,288.78 crore as of 30 September 2022. Intangible assets declined from Rs 534.61 crore to Rs 532.10 crore. Profit before tax down 1.36% to Rs 269.20 crore. Share of profit/loss was 185.71% lower at Rs -4 crore. Provision for tax was expense of Rs 62.4 crore, compared to Rs 27 crore. Effective tax rate was 23.53% compared to negative 2.98%. Minority interest increased 800% to Rs 0.90 crore. For year-to-date (YTD) results analysis.
Consolidated Net sales (including other operating income) of Macrotech Developers for the half year ended Sep 2023 has declined 24.19% to Rs 3367 crore.
Operating profit margin has jumped from 20.06% to 22.16%, leading to 16.24% decline in operating profit to Rs 746.10 crore. Employee cost increased from 4.65% to 6.96%. Other expenses fell from 75.29% to 70.88%. Selling and administration expenses fell from 66.44% to 59.50%. Construction development cost fell from 66.44% to 59.50%. PBIDT fell 9.09% to Rs 806 crore. Provision for interest rose 1.19% to Rs 247.2 crore. Loan funds declined from Rs 10,496.94 crore as of 30 September 2022 to Rs 8,740.30 crore as of 30 September 2023. Inventories rose to Rs 31,145.40 crore as of 30 September 2023 from Rs 28,016.67 crore as of 30 September 2022. Sundry debtors were higher at Rs 682.70 crore as of 30 September 2023 compared to Rs 589.80 crore as of 30 September 2022. Cash and bank balance rose to Rs 1,815.60 crore as of 30 September 2023 from Rs 1,413.85 crore as of 30 September 2022. Investments rose to Rs 566.70 crore as of 30 September 2023 from Rs 314.36 crore as of 30 September 2022 . PBDT fell 13% to Rs 558.8 crore. Provision for depreciation rose 28.43% to Rs 53.3 crore. Fixed assets increased to Rs 1,331.80 crore as of 30 September 2023 from Rs 1,288.78 crore as of 30 September 2022. Intangible assets declined from Rs 534.61 crore to Rs 532.10 crore. Profit before tax down 15.86% to Rs 505.50 crore. Share of profit/loss was 150% lower at Rs -5.5 crore. Provision for tax was expense of Rs 118 crore, compared to Rs 83 crore. Effective tax rate was 23.60% compared to negative 14.34%.Minority interest increased 240% to Rs 1.70 crore. Equity capital increased from Rs 481.62 crore as of 30 September 2022 to Rs 964.40 crore as of 30 September 2023. Per share face Value remained same at Rs 10.00. Promoters’ stake was 74.93% as of 30 September 2023 ,compared to 82.20% as of 30 September 2022 . Cash flow from operating activities increased to Rs 1,109.10 crore for YTD ended September 2023 from Rs 1,082.80 crore for YTD ended September 2022. Cash flow used in acquiring fixed assets during the YTD ended September 2023 stood at Rs 79.30 crore, compared to Rs 47.40 crore during the YTD ended September 2022.
| Macrotech Developers : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202309 | 202209 | Var.(%) | 202309 | 202209 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 1,749.60 | 1,765.40 | -0.89 | 3,367.00 | 4,441.20 | -24.19 | 9,470.40 | 9,233.20 | 2.57 | | OPM (%) | 23.78 | 24.01 | -23 bps | 22.16 | 20.06 | 210 bps | 21.82 | 23.60 | -178 bps | | OP | 416.10 | 423.90 | -1.84 | 746.10 | 890.80 | -16.24 | 2,066.20 | 2,178.58 | -5.16 | | Other Inc. | 5.50 | -4.20 | LP | 59.90 | -4.20 | LP | 140.80 | 292.09 | -51.80 | | PBIDT | 421.60 | 419.70 | 0.45 | 806.00 | 886.60 | -9.09 | 2,207.00 | 2,470.67 | -10.67 | | Interest | 123.10 | 124.90 | -1.44 | 247.20 | 244.30 | 1.19 | 479.10 | 680.34 | -29.58 | | PBDT | 298.50 | 294.80 | 1.26 | 558.80 | 642.30 | -13.00 | 1,727.90 | 1,790.33 | -3.49 | | Depreciation | 29.3 | 21.9 | 33.79 | 53.3 | 41.5 | 28.43 | 92.8 | 74.77 | 24.11 | | PBT | 269.20 | 272.90 | -1.36 | 505.5 | 600.8 | -15.86 | 1635.1 | 1715.56 | -4.69 | | Share of Profit/(Loss) from Associates | -4 | -1.4 | -185.71 | -5.5 | -2.2 | -150.00 | -5.2 | 0.98 | PL | | PBT before EO | 265.2 | 271.5 | -2.32 | 500 | 598.6 | -16.47 | 1629.9 | 1716.54 | -5.05 | | EO Income | 0 | -1177.4 | - | 0 | -1177.4 | - | -1177.4 | 0 | - | | PBT after EO | 265.2 | -905.9 | LP | 500 | -578.8 | LP | 452.5 | 1716.54 | -73.64 | | Taxation | 62.4 | 27 | 131.11 | 118 | 83 | 42.17 | -37 | 508.03 | LP | | PAT | 202.8 | -932.9 | LP | 382 | -661.8 | LP | 489.5 | 1208.51 | -59.50 | | Minority Interest (MI) | 0.9 | 0.1 | 800.00 | 1.7 | 0.5 | 240.00 | 2.8 | 6.14 | -54.40 | | Net profit | 201.9 | -933 | LP | 380.3 | -662.3 | LP | 486.7 | 1202.37 | -59.52 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 201.9 | -933 | LP | 380.3 | -662.3 | LP | 486.7 | 1202.37 | -59.52 | | EPS (Rs)* | 2.09 | 2.54 | -17.43 | 3.94 | 5.35 | -26.30 | 16.81 | 12.47 | 34.79 | | | * EPS is on current equity of Rs 964.35 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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