Macrotech Dev is on the growth path: Why it is this week’s stock pick

Helped by strong demand and a healthy pipeline, Macrotech Developers reported a decent set of numbers in the fourth quarter of 2021-22. Sales grew 36% y-o-y to Rs.3,444.6 crore and net profit jumped 72.4% y-o-y to Rs.535.5 crore. Collections improved 36% y-o-y to Rs.2,840 crore and operating cash flows grew 10% y-o-y to Rs.1,400 crore. The company met its annual sales guidance by reporting record pre-sales in 2021-22. The annual sales bookings

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