{"id":111209,"date":"2023-10-05T12:58:33","date_gmt":"2023-10-05T07:28:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111209"},"modified":"2023-10-05T12:58:39","modified_gmt":"2023-10-05T07:28:39","slug":"real-estate-stock-jumps-up-to-3-after-it-reduces-debt-by-5-4-billion-rupees-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-up-to-3-after-it-reduces-debt-by-5-4-billion-rupees-check-the-details\/","title":{"rendered":"Real Estate stock jumps up to 3% after it reduces debt by 5.4 Billion rupees; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1162469253\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this real estate developer have gained 2.8 percent after the company announced they have achieved its best ever quarterly pre-sales performance of INR 35.3 bn.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3592894139\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10 am, 5th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LODHA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Macrotech Developers Ltd<\/a><\/strong> were trading at Rs. 771 per share, up by 2.8 percent from the previous closing price of Rs. 750 per share.\u00a0<\/p><p>Such bullish stock price movements are observed after the company through regulatory filing on Bombay stock exchange (BSE) announced they have made pre-sales of Rs. 35.3 billion in Q2. Generally Q2 is considered to be the seasonally weakest quarter of the year for the company.&nbsp;<\/p><p>Company had a pre- sale target of 145 billion rupees out of which they have achieved 69 billion rupees which is 48 percent of their target. This happened even though the company did not launch any new project in the quarter. Moreover company has reduced net debt by 5.4 billion rupees, now total net debt on company is 67.3 billion rupees.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3172229400\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the financial statements, company\u2019s revenue have decreased by 39.55 percent to Rs. 1617.4 crore in Q1FY24 from Rs. 2675.75 crore in Q1FY23, in the same time period net profit decreased by 34.12 percent to Rs. 178.4 crore from 270.8 crore.&nbsp;<\/p><p>Talking about the financial ratios, the company reported return on equity (ROE) of 4.12 percent and return on capital employed (ROCE) of 4.2 percent in the last financial year.&nbsp;<\/p><p>Macrotech Developers Ltd (formerly known as Lodha developers) is an Indian multinational real estate company. The company is engaged in the business of mainly developing residential real estate properties. The company develops properties under the LODHA BUILDING A BETTER LIFE, LODHA LUXURY, and PALAVA brand names.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3859259094\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this real estate developer have gained 2.8 percent after the company announced they have achieved its best ever quarterly pre-sales performance of INR 35.3 bn.&nbsp; At 10 am, 5th October shares of Macrotech Developers Ltd were trading at Rs. 771 per share, up by 2.8 percent from the previous closing price of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12825,12826,12824,948,936],"class_list":["post-111209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-macrotech-developers-latest-news","tag-macrotech-developers-reduces-debt","tag-macrotech-developers-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate stock jumps up to 3% after it reduces debt by 5.4 Billion rupees; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this real estate developer have gained 2.8 percent after the company announced they have achieved its best ever quarterly pre-sales performance of INR 35.3 bn.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-up-to-3-after-it-reduces-debt-by-5-4-billion-rupees-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate stock jumps up to 3% after it reduces debt by 5.4 Billion rupees; 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