Max Estates Pre-Sales at ₹5,305 Crore in FY26, Up 61% YoY to ₹1,578 Crore
Max Estates reported pre-sales of ₹5,305 crore in FY26, a second consecutive year above ₹5,000 crore. FY26 collections increased 61% YoY to ₹1,578 crore. The company's GDV pipeline is over ₹17,200 crore, targeting 2 mn sq. ft. residential and 1 mn sq. ft. commercial additions annually. Lease rental income increased 40% YoY to ₹154 crore. Launch targeted in Q4 FY27 for Sector 59, Gurugram.
The announcement showcases significant financial achievements and growth plans, likely to positively influence investor confidence and market perception.
The announcement highlights strong financial performance, including increased pre-sales and collections, along with positive future prospects and expansion plans.
Max Estates Limited (MEL) announced its audited Q4 & FY26 financial results on 23 May 2026. The company reported pre-sales of ₹5,305 crore in FY26, marking the second consecutive year of surpassing ₹5,000 crore in pre-sales. FY26 collections increased by 61% YoY to ₹1,578 crore, with Q4 FY26 collections standing at ₹650 crore. The company has ₹12,500 crore in locked-in pre-sales revenue to be recognized upon possession. The GDV pipeline is secured at over ₹17,200 crore, with aspirations to add 2 million sq. ft. residential and 1 million sq. ft. commercial annually. The commercial portfolio remains at 100% occupancy, with lease rental income up 40% YoY to ₹154 crore, with a long-term potential exceeding ₹700 crore per annum. Estate 361 in Gurugram recorded pre-sales of approximately ₹1,704 crore. The Terraces, launched in May 2026 within Estate 361, offers 1.5 & 2-bedroom smart homes and duplex loft residences with a GDV of ₹1,200 crore. Estate 128, Noida, is fully sold out with cumulative pre-sales of ₹2,734 crore and is on track for delivery in CY 2027. Estate 360, Gurugram, has cumulative pre-sales of ₹4,831 crore. Max Estates has entered Gurugram's luxury residential market with development rights on a 7.25-acre land parcel in Sector 59, Golf Course Extension Road, with a GDV of ₹3,900+ crore and launch targeted in Q4 FY27. Estate 105 in Noida achieved approximately ₹1,783 crore in pre-sales within 10 days of launch. Max One in Sector 16B, Noida, contributed approximately ₹1,415 crore to FY26 pre-sales. Operational assets, including Max Towers, Max House (Phase I & II), and Max Square, maintain 100% occupancy, generating annual rentals of ₹53 crore, ₹45 crore, and ₹60 crore respectively. Max Square Two is expected to receive its OC by Q2 FY28, adding ₹125 crore to annuity income, while Max District will be delivered in two phases, Q2 FY28 and Q3 FY29, adding ₹225+ crore to annuity income. The overall commercial portfolio is poised for an annuity rental income potential of over ₹700 crore in the next five years. Consolidated revenue stood at ₹199 crore, EBITDA at ₹24 crore, PBT at ₹23 crore, and PAT at ₹15 crore in FY26. Total leased area as of 31st March 2026 stood at 1.23 million sq. ft. Debt as of March 2026 stood at ₹1,855 crore, and cash & cash equivalents stood at ₹1,758 crore. The company has a net debt of ₹97 crore. Sahil Vachani, Vice Chairman & MD of Max Estates, commented that the company crossed ₹5,300 crore in pre-sales for the second consecutive year and is well-positioned for sustained growth with a GDV pipeline of over ₹17,200 crore and annuity rental potential of ₹700+ crore.
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Max Estates Limited filed this with the NSE as a statutory disclosure, categorised under annual 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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