Macrotech trims debt by 55% in March quarter

(20 second reading) Realty firm Macrotech Developers has reduced its net debt by 55 per cent in the Q4 FY24 to Rs 3,010 crore with the help of internal accruals and equity fundraising.

Its net debt stood at Rs 3,010 crore as of March 31, 2024, from Rs. 6750 Cr on 31 December 2023, down 55 per cent from the previous quarter.
Surplus cash flow generated from the business, coupled with the raising of equity capital, helped the company in reducing the net debt.