Marathon Nextgen Realty Presents Q3 FY26 Investor Update
Marathon Nextgen Realty's Q3 FY26 investor update reveals ₹900 Crore raised via QIP for growth and debt reduction, resulting in a net cash position. Q3 operational highlights include 37,190 sq.ft. sold (existing portfolio) and ₹71 Crore booking value. Financials show ₹178 Crore revenue and ₹33 Crore PAT for Q3 FY26.
The substantial QIP and subsequent strengthening of the balance sheet, coupled with positive operational and financial results for the quarter, are significant developments that are likely to have a high impact on investor perception and the company's future growth prospects.
The company reported a successful QIP raising ₹900 Crore, leading to a net cash position and strengthened balance sheet. Positive operational and financial highlights for Q3 FY26, along with details on project progress and future pipeline, indicate a positive outlook.
Marathon Nextgen Realty Limited has released its investor presentation for the third quarter and nine months ended December 31, 2025. The presentation details the company's financial and operational performance, strategic initiatives, and project pipeline.
The company highlighted its successful Qualified Institutional Placement (QIP) of ₹900 Crore, which is earmarked for debt reduction and project acceleration. This capital raise has strengthened the balance sheet, leading to a net cash position.
Operational highlights for Q3 FY26 include an area sold of 37,190 sq.ft. for the existing portfolio and 46,741 sq.ft. for the post-merger portfolio. Booking value for the existing portfolio stood at ₹71 Crore, and ₹114 Crore for the post-merger portfolio. Collections were ₹148 Crore and ₹188 Crore, respectively.
Financially, for Q3 FY26, adjusted total revenues were ₹178 Crore, with EBITDA at ₹39 Crore (27% margin) and Profit After Tax (PAT) at ₹33 Crore (23% margin). For the nine months ended FY26, adjusted total revenues were ₹656 Crore, EBITDA was ₹200 Crore (41% margin), and PAT was ₹161 Crore (33% margin).
The presentation also provided a detailed overview of ongoing and upcoming projects across various locations including Panvel, Dombivali, Bhandup, and Byculla, emphasizing their development potential and strategic importance within the MMR region. The company showcased its diverse portfolio across luxury residential, affordable housing, commercial, and township developments, underscoring its risk mitigation strategy.
Key milestones include the receipt of Occupation Certificates (OC) for several projects and towers, demonstrating steady project progress. The company also detailed its in-house capabilities in land acquisition, design, engineering, marketing, sales, and customer relationship management, which are crucial for efficient project delivery and value creation.
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Marathon Nextgen Realty Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Marathon Nextgen Realty Limited. Read the original for the full detail.