Demand tailwinds and strongest-ever collections from its projects helped Mumbai-based real-estate developer Macrotech Developers Ltd. report best ever pre-sales and beat the Street by a wide margin in Oct-Dec. The Lodha group company reported a consolidated net profit of INR 9.4 billion, up 87.6% on year and far ahead of analysts' estimates of INR 6.1 billion. The profit was also boosted due to absence of any exceptional item as against INR 2.6 billion in the year-ago quarter.
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