Real estate stock surged 2.38% to Rs. 1,247 per share following a major acquisition aimed at enhancing rental income, boosting its market cap to approximately Rs. 1,23,014 crore.
Macrotech Developers, India’s premier real estate giant, on Thursday announced a strategic acquisition to strengthen its market position, which has driven its stock up 2.38% and signalled robust growth in rental income portfolios.
Share Price Movement
The share price of Macrotech Developers Limited went up by 2.38 percent to Rs. 1,247 per share on Thursday, a significant rise from its previous close of Rs. 1,218 per share. The market capitalisation now stands at approximately Rs. 1,23,014 crore as of November 07, 2024.
What Happened
Macrotech Developers is investing ₹397 crore to acquire stakes in digital infrastructure companies. This includes companies like Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited, and Bellissimo In City FC Mumbai 1 Private Limited. This is done through agreements with Bain Capital, aiming to grow their annuity income from the industrial and logistics sectors.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, Macrotech Developers Limited’s consolidated revenue from operations has increased by 50 percent YOY, from Rs. 1,750 crore in Q2 FY24 to Rs. 2,626 crore in Q2 FY25, and has declined by 7.73 percent QoQ from Rs. 2,846 crore in Q1 FY25.
The company’s consolidated net profit has increased by 108 percent, from Rs. 203 crore in Q2 FY24 to Rs. 423 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit is down by 11 percent QoQ from Rs. 4,76 crore.
The company’s EPS has increased by 103 percent from Rs. 2.09 in Q2 FY24 to Rs. 4.25 in Q2 FY25.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Macrotech Developers Limited is primarily held by the promoter with 72.11 percent, foreign institutional investors hold 24.20 percent, and the public by 0.91 percent.
About the company
Since its establishment in 1980, Macrotech Developers Ltd, formerly Lodha Developers, has transformed India’s real estate sector with innovative development projects. Moreover, the Mumbai-based company commands a substantial market capitalisation of approximately ₹40,000 crore, employing over 4,200 professionals nationwide.
Furthermore, Macrotech’s diverse portfolio spans residential, commercial, and logistics developments across strategic locations. The company’s flagship projects, including Lodha World One and Palava City, showcase architectural excellence and modern living standards.
Additionally, their commitment to sustainable development strengthens their market position, with ambitious plans to achieve net zero carbon emissions by 2035. Consequently, their facility management services enhance property values while ensuring customer satisfaction.
In conclusion, Macrotech Developers continues to lead India’s real estate sector through innovation, quality construction, and customer-centric approaches. Therefore, their strategic focus on sustainability and market diversification positions them for sustained growth in the competitive real estate industry.
Written By Fazal Ul Vahab C H
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