Macrotech Developers has revised the record date for the purpose of bonus shares. The company had earlier fixed Friday, May 26, 2023 as the record date for the purpose of determining members eligible for 1:1 bonus equity shares, but it has been revises to Wednesday, May 31, 2023 based on a recent announcement made.
“Please note that the record date has been revised to Wednesday, May 31, 2023 for the purpose of determining members eligible for bonus equity shares in the proportion of 1 new fully paid up equity share of ₹10 each for every existing 1 equity share of ₹10 each, subject to approval of shareholders through postal ballot,” said Macrotech Developers in a stock exchange filing.
Macrotech Developers reported consolidated revenue from operations of ₹3,255.38 Cr for the quarter that ended in March 2023, a drop of 5.50% YoY from ₹3,444.56 Cr in the same quarter the previous year. The company says that net income declined from ₹3,481.92 Cr in Q4FY22 to ₹3,271.71 Cr in Q4FY23.
In comparison to the ₹2,679.61 Cr reported for the same quarter of FY22, its consolidated net expenses for the quarter under review were ₹2,630.52 Cr, or a 1.83% fall. The consolidated net profit of Macrotech Developers jumped by 38.70% YoY to Rs. 746.18 Cr. in Q4FY23 from Rs. 538.02 Cr. in Q4FY22. The EPS for the quarter that ended in March 2023 for Macrotech Developers was ₹15.45 as opposed to ₹11.12 from the same period the previous year.
The shares of Macrotech Developers closed today on the NSE at ₹968 apiece down by 1.55% from the previous close of ₹983.20. The stock touched a 52-week-high of ₹1,189.00 on (28-Jul-2022) and a 52-week-low of ₹711.00 on (24-Feb-2023).
