Max Estates Q2 FY26 Earnings Call Transcript: ₹76 Crore Lease Rental Income
Max Estates Q2 FY26 earnings call transcript reveals ₹76 crore lease rental income, ₹7,500 crore in cumulative presales, and plans for new project launches targeting ₹6,000-₹6,500 crore in FY26 presales.
The announcement contains details of financial results, new project launches, and future growth strategies, which are likely to have a significant impact on the company's stock and investor sentiment.
The announcement highlights strong financial performance, significant presales, and positive growth projections, indicating a positive outlook for the company.
* Max Estates held an earnings conference call on November 4, 2025, to discuss Q2 & FY26 financial results. * Cumulative presales of over ₹7,500 crore recorded till date. * Estate 128 fully sold, having booked ₹2,700 crore and collected ₹1,000 crore as of September 2025. * Estate 360 in Gurgaon recorded presales of ₹4,800 crore with 100% of the project sold, and approximately ₹950 crore collected as of September 2025. * Lease rental income for the period grew significantly to approximately ₹75 crore for the first half of the year. * On track to achieve annuity rental income potential of over ₹700 crore over the coming few years. * Secured development rights for a 7.25 acre parcel in Sector 59 Golf Course Extension Road in Gurgaon with 1.3 million square feet of development for residential with a GDV anticipated at more than ₹3,000 crore. * Plans to launch projects in the second half of this year with a cumulative GDV of ₹9,500 crore across three developments: Estate 361, Max One and Max 105 located in both Noida and Gurugram. * These launches are expected to drive presales of approximately ₹6,000 crore to ₹6,500 crore in FY26, representing a growth of 15% to 20% over the previous financial year. * Consolidated revenue stood at ₹100 crore in half year, a growth of 24% year-on-year. * The consol EBITDA stood at ₹24 crore in the first half of the financial year. * The total lease area in the portfolio stood at 1.3 million square feet, 100% across operational assets. The lease rental income showed a growth of 41% year-on-year to ₹76 crore in the first half of the year.
What to do with a filing like this
Max Estates 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 high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Max Estates Limited. Read the original for the full detail.