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Macrotech Developers Q1 Results: Profit Falls As Covid-19 Second Wave Hits Sales

The developer’s net profit fell 48% quarter-on-quarter at Rs 160.91 crore in the quarter ended June

Ashwini Priolker
A cyclist rides past the Lodha Developers Ltd. World Towers residential building construction site in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Macrotech Developers Ltd.’s quarterly profit and revenue fell amid lower sales as the deadlier second wave of the Covid-19 pandemic led to fresh curbs in several states, disrupting business.

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