Macrotech Developers to issue 1 bonus share on every share – Business News India

read on the appReal estate sector giant Macrotech Developers has announced a double gift to its shareholders. The company will issue bonus shares to its investors in the ratio of

1:1. That is, Macrotech Developers will issue 1 bonus share for every share held. The Board of Directors of the Company has approved the issue of Bonus Shares. Macro Developers has

also declared a dividend of 20% (Rs 2 per share) to its investors. The company has made a profit of Rs 744 crore.Macrotech Developers' consolidated profit grew by 39% in the March

2023 quarter. The company's profit in the March 2023 quarter has been Rs 744.36 crore. The company had posted a profit of Rs 535.46 crore in the same period of the previous

financial year. Macrotech Developers sells properties under the Lodha brand and is one of the leading real estate companies in the country. Also read- IPO of Manforce condom

company is coming, profit of Rs 90 from now Net consolidated income was Rs 3271 croreThe net consolidated total income of the company stood at Rs 3271.71 crore in the

January-March 2023 quarter. There has been a decline of 6.04% in Net Consolidated Total Income as compared to the same period last year. 3481.92 crore in the March quarter of the

previous year. The company's Managing Director and CEO Abhishek Lodha has said, 'We have delivered pre-sales of Rs 12064 crore for FY23, we have outperformed our annual guidance

with a growth of 34% annually.' The company's consolidated income for FY23 stood at Rs 9,611.16 crore, while PAT stood at Rs 489.42 crore. Also read- 10 thousand rupees became 10

lakhs, this stock made money in 10 years Disclaimer: Information about the performance of the stock is given here only, it is not an investment advice. Investment in

share market is subject to risk and you should consult your advisor before investing.