Marathon Nextgen Realty Q3 FY26: Highest Ever 9-Month PAT at ₹161 Crore
Marathon Nextgen Realty reported its highest ever nine-month profit after tax of ₹161 crore for FY26. The company achieved area sales of 1.8 lakh sq ft with bookings of ₹421 crore and collections of ₹578 crore. It acquired a Lower Parel property for ₹448 crore and is launching Phase 3 of Marathon Nexzone in Panvel.
The announcement includes record profit figures, significant property acquisitions, and the launch of new project phases, all of which are material to investors and indicate strong business growth.
The company reported record profits and strong sales figures, indicating a positive financial performance. The acquisition of new properties and the launch of new project phases further suggest positive business development.
Marathon Nextgen Realty Limited announced its Q3 and 9 Months FY26 earnings, reporting a record profit after tax of ₹161 crore for the nine-month period. This strong performance was driven by the robust contribution of its commercial portfolio, complemented by steady traction from its residential business.
For the nine months ended December 31, 2025, the company recorded area sales of approximately 1.8 lakh square feet, with a booking value of ₹421 crore and collections of ₹578 crore. Total revenue for the period stood at ₹487 crore. On a post-merger basis, area sales increased to 2.46 lakh square feet, booking value to ₹628 crore, and collections to ₹798 crore.
The company highlighted strategic acquisitions, including a 1.3-acre property in Lower Parel for ₹448 crore for a Grade A commercial project. Marathon is well-positioned with nearly 224,000 square feet of ready inventory in its Marathon Futurex Complex. Its premium residential development, Monte South at Byculla, is progressing well, with multiple towers nearing completion or having secured occupation certificates.
In Panvel, Phase 1 of Marathon Nexzone is fully completed, and Phase 2 is nearing completion. The company announced the launch of Phase 3, comprising approximately 4.9 lakh square feet with a gross development value of about ₹600 crore. The company also noted the acquisition of Sunset Spaces Private Limited for ₹8.10 crore, which holds two projects in Dombivli. The merger process with SEBI approval nearing completion is expected to add significant land parcels in Panvel, Dombivli, and Bhandup.
Management reiterated a focus on the Mumbai Metropolitan Region (MMR) and expressed optimism about the real estate sector's outlook, driven by infrastructure development and a shift towards quality developments. The company's net debt is nearly zero, with a significant portion of QIP proceeds allocated to debt reduction.
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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.