Marathon Nextgen Realty Q1 FY27 Earnings Call Transcript Released
Marathon Nextgen Realty reported Q1 FY27 income of INR 217 crore, EBITDA of INR 66 crore, and PAT of INR 52 crore. The company sold 46,000 sq ft with bookings of INR 108 crore and collections of INR 146 crore. New redevelopment projects in Versova and Sewri add INR 900 crore GDV. The company maintains a debt-free status with INR 200 crore acquisition capital.
The announcement provides a detailed update on financial performance, project execution, and future development pipeline, including new redevelopment projects. While positive, it does not contain a major, immediate strategic shift or a significant financial event that would warrant a 'HIGH' impact.
The company reported strong financial results for Q1 FY27, including a multi-quarter high in total income, healthy EBITDA and PAT, and significant sales and collections. The addition of new redevelopment projects and a debt-free status with available acquisition capital further contribute to a positive outlook.
Marathon Nextgen Realty Limited has released the transcript of its Q1 FY27 Earnings Conference Call, which was held on August 10, 2026. The call provided an update on the company's financial performance and project developments.
During the quarter, Marathon Nextgen Realty reported a total income of INR 217 crore, a multi-quarter high, with EBITDA at INR 66 crore and profit after tax at INR 52 crore. The company highlighted its diversified portfolio, contributing from premium residential, affordable housing, and commercial segments. In terms of sales for the quarter, the company sold approximately 38,000 square feet with a booking value of INR 86 crore and collections of INR 118 crore, considering its 40% stake in the Monte South project. Including the merged portfolio, areas sold stood at 46,000 square feet, with a booking value of INR 108 crore and collections of INR 146 crore.
Key project updates included the Monte South project, where 35,000 square feet were sold, generating a booking value of INR 125 crore and collections of INR 140 crore. Tower A has received its occupation certificate, while Tower B has achieved RCC completion up to the 65th floor. Marathon Nexzone in Panvel saw sales of 14,000 square feet with a booking value of INR 17 crore and collections of INR 43 crore, with full occupation certificates for Cedar and Daffodil Towers. The Bhandup projects, NeoPark and NeoSquare, contributed 8,000 square feet of sales with a booking value of INR 14 crore and collection of INR 9 crore. The commercial portfolio at Marathon Futurex and Millennium saw sales of approximately 4,000 square feet and over 1,000 square feet respectively.
The company also detailed its upcoming projects with significant Gross Development Value (GDV), including Monte South Commercial (INR 3,400 crore GDV), Monte South Residential Tower D (INR 1,600 crore GDV), and Marathon Neo Series in Bhandup (INR 2,800 crore GDV). Furthermore, Marathon Nextgen Realty has entered into a development agreement for a redevelopment project in Versova with an estimated GDV of over INR 450 crore and a joint development agreement for a cluster redevelopment project in Sewri with an estimated GDV of around INR 450 crore.
The company emphasized its strong balance sheet, maintaining a net cash position with approximately INR 200 crore of acquisition capital available and a debt-free status, following a successful QIP of INR 900 crore. The ongoing merger is expected to consolidate over 400 acres of land and several ongoing projects into the company's portfolio. Looking ahead, Marathon Nextgen Realty plans to focus on execution, driving sales and collections, launching new projects, and selectively adding development opportunities, aiming to build a balanced and sustainable development platform.
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Marathon Nextgen Realty Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.