Macrotech Developers Announces Leadership Transition Amid Soaring Q3 Profits

Macrotech Developers Ltd., renowned for its Lodha brand, has announced a strategic leadership transition, with CFO Sushil Kumar Modi set to take on a new role within the company, effective January 25, 2025. This news comes as the company celebrates an 88% year-on-year surge in net profit to ₹944.4 crore for Q3 FY25, driven by booming housing demand. Consolidated revenue also climbed 39% to ₹4,083 crore. These milestones highlight Macrotech’s commitment to sustained growth and enhanced corporate governance.

Source: Business Standard, Moneycontrol