Macrotech net debt rises 43.5 pc to Rs 4,320 cr in Q1 on higher capex for land, construction

Macrotech Developers faced a 43.5% rise in net debt to Rs 4,320 crore due to higher investments in land and construction. The company's sale bookings grew by 20%, and it reported a 2.7-fold increase in net profit to Rs 475.3 crore for the first quarter. Customer collections rose by 12% to Rs 2,690 crore.