Macrotech Developers revises record date for 1:1 bonus shares

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 the members eligible for 1:1 Bonus Equity Shares, but based on the recent announcement has been revised to Wednesday, May 31, 2023 has been done.

“Please note that the record date has been revised to Wednesday, May 31, 2023, for the purpose of determining the members eligible for Bonus Equity Shares in the ratio of 1 new fully paid-up Equity Share. 10 each for every existing 1 Equity Share 10 each, subject to shareholders’ approval through postal ballot,” Macrotech Developers said in a stock exchange filing.

Macrotech Developers reported consolidated revenue from operations of 3,255.38 crore for the quarter ending March 2023, a decline of 5.50% 3,444.56 crore in the same quarter last year. The company says there has been a decline in net income 3,481.92 crore in Q4FY22 from 3,271.71 crore in Q4FY23.

in comparison 2,679.61 crore reported for the corresponding quarter of FY22, its consolidated net expenses for the quarter under review were 2,630.52 crore, or a decline of 1.83%. Macrotech Developers’ consolidated net profit up 38.70% YoY to Rs. 746.18 cr. In Q4FY23 from Rs. 538.02 cr. In Q4FY22. The EPS for the quarter ended March 2023 for Macrotech Developers was as opposed to 15.45 11.12 from the same period last year.

Macrotech Developers shares closed today on NSE Down 1.55% from previous close of 968 983.20. The stock touched a 52-week high at 1,189.00 (28-Jul-2022) and 52-week low 711.00 at (24-Feb-2023).


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