Marathon Nextgen Realty Q1 FY27 Revenue at ₹217 Cr, PAT ₹52 Cr; Adds ₹900 Cr GDV Projects
Marathon Nextgen Realty reported Q1 FY27 revenue of ₹217 crore and PAT of ₹52 crore, maintaining a net debt-free status. The company added two redevelopment projects worth ₹900 crore GDV in Versova and Sewri. Operational highlights include ₹118 crore collections and 0.38 lakh sq. ft. area sold.
The announcement includes significant financial results, strategic expansion into new projects with a substantial GDV, and positive commentary from the Chairman, all of which are likely to have a material impact on investor perception and the company's future prospects.
The company reported strong financial results with increased revenue and healthy PAT, along with strategic expansion through new project acquisitions and positive commentary from the Chairman. The net debt-free status further contributes to a positive outlook.
Marathon Nextgen Realty Limited announced its financial results for the first quarter ended June 30, 2026, reporting a multi-quarter high revenue of ₹217 crore and a Profit After Tax (PAT) of ₹52 crore. The company maintained a net debt-free balance sheet with a positive net cash position.
During the quarter, Marathon Nextgen Realty achieved full Occupancy Certificates for the Cedar and Daffodil towers at Nexzone, facilitating customer handovers and future collections. Construction progressed as planned across key developments like Monte South and Bhandup. The company also expanded its development pipeline by acquiring two redevelopment projects in Versova and Sewri, with a combined Gross Development Value (GDV) of ₹900 crore. This expansion aligns with their strategy to focus on selective redevelopment opportunities in well-connected Mumbai micro-markets.
Operational highlights for Q1 FY27 include an area sold of 0.38 lakh sq. ft. (0.46 lakh sq. ft. including merged portfolio), booking value (registered) of ₹86 crore (₹108 crore merged), and collections of ₹118 crore (₹146 crore merged). The company's Chairman & Managing Director, Mr. Chetan Shah, expressed optimism about the company's growth trajectory, citing the resilience of the Mumbai real estate market and Marathon's diversified portfolio.
He further stated that the company's priorities include timely project execution, disciplined capital deployment, expanding the redevelopment platform, building the PTC sales portfolio, and creating sustainable long-term value for shareholders. Marathon Nextgen Realty has been operating for over 56 years and has completed more than 100 projects in Mumbai.
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