Macrotech Developers' net profit rises 87.02% in Q3 FY25
Real Estate

Macrotech Developers' net profit rises 87.02% in Q3 FY25

Macrotech Developers has reported a growth of 87.02 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 9.44 billion in Q3 FY25 as against Rs 505.2 it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. 

Based on the recommendation of the nomination & remuneration committee, the board of directors have approved the appointment of Sushil Kumar Modi as an additional and whole-time director, for a term of three years, with effect from January 25, 2025. The board also approved the appointment of Sanjay Chauhan as the chief financial officer (CFO) and key managerial personnel of the company with effect from January 25, 2025.   

Macrotech Developers has reported a growth of 87.02 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 9.44 billion in Q3 FY25 as against Rs 505.2 it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. Based on the recommendation of the nomination & remuneration committee, the board of directors have approved the appointment of Sushil Kumar Modi as an additional and whole-time director, for a term of three years, with effect from January 25, 2025. The board also approved the appointment of Sanjay Chauhan as the chief financial officer (CFO) and key managerial personnel of the company with effect from January 25, 2025.   

Next Story
Infrastructure Urban

Biomass Burning Key Culprit Behind Kolkata’s Air Toxicity: Study

Kolkata, a city marked under India’s National Clean Air Programme (NCAP), continues to grapple with hazardous air despite national efforts, due to the unchecked burning of biomass and solid waste. A new study by the Bose Institute has revealed a sharp correlation between ultrafine particulate matter (PM2.5) and rising toxicity levels, identifying waste burning as a key contributor. The research, led by Prof. Abhijit Chatterjee and his team, studied the oxidative potential (OP) of PM2.5—referring to its capacity to produce reactive oxygen species (ROS) in human lungs. These ROS can overwhe..

Next Story
Infrastructure Transport

Rail Infra Boom in Maharashtra: Rs 1.74 Trillion Push for Better Trains

In a major press interaction held in Mumbai themed “Better Infrastructure, Better Technology, Better Trains,” Maharashtra Chief Minister Devendra Fadnavis and Union Minister of Railways Ashwini Vaishnaw jointly presented a comprehensive picture of the transformation underway in Maharashtra’s railway network—particularly the high-density Mumbai Suburban Railway. Better Infrastructure Union Minister Vaishnaw emphasized the importance of infrastructure in expanding suburban services. Rail projects worth nearly Rs 170 billion (approx. USD 2 billion) covering over 300 km of new lines are ..

Next Story
Infrastructure Urban

India’s First Creative Tech Institute Coming to Mumbai

In a major push to India’s creative economy, the Union Ministry of Information & Broadcasting today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, Maharashtra Film, Stage & Cultural Development Corporation Ltd. (MFSCDCL), and the Indian Institute of Creative Technologies (IICT) for the establishment of a world-class institute dedicated to the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector. The MoU was exchanged in Mumbai between Chief Secretary of Maharashtra Ms. Sujata Saunik and Information & Broadcasting Secretary Shri San..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?