Lodha records 179% on-year rise in Q3 net profit at Rs 570 crore
Real estate developer Lodha, listed as Macrotech Developers, reported a 179% year-on-year increase in net profit to Rs 570 crore for the quarter ended December. The company's revenue from operations also rose 65% to Rs 2,930 crore. Lodha added three new projects during the quarter, with a gross development value potential of Rs 6,000 crores, exceeding its guidance of Rs 17,500 crores project addition for the year.
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