Max Estates Q4 FY26 Earnings Call Transcript Released
Max Estates reported Q4 FY26 results with ₹3,300 crores in bookings, driven by Estate 105 and Max One launches. Full-year presales reached ₹5,305 crores, second consecutive year above ₹5,000 crores. Collections were ₹1,578 crores, up 61% YoY. The company plans to launch new projects with a GDV of ₹3,900 crores and aims to add 1 million sq ft of commercial space annually.
The announcement provides an update on financial results and future plans, which is relevant for investors and stakeholders, but does not involve a major corporate action or a significant change in business operations that would warrant a 'HIGH' impact.
The company reported strong presales figures, significant year-on-year growth in collections, and a robust future pipeline, indicating positive financial performance and strategic growth.
Max Estates Limited has released the transcript of its Earnings Conference Call held on May 26, 2026, to discuss the company's financial performance for Q4 and the full fiscal year 2026. The call featured insights from Managing Director and Vice Chairman Sahil Vachani, Chief Financial Officer Nitin Kansal, and Head of Corporate Finance & Investor Relations Archit Goyal.
During the call, the management highlighted that Max Estates crossed ₹5,300 crores in presales for the second consecutive year, driven by strong performance in the Delhi NCR residential market. Q4 FY26 was particularly strong, recording ₹3,300 crores in bookings from two major launches: Estate 105 in Noida and Max One in Sector 16B Noida. Collections for the year stood at ₹1,578 crores, a 61% year-on-year increase, reflecting the company's ability to fund construction and the quality of sales. Average realisations increased to ₹23,000 per square foot in FY26 from ₹18,000 in FY24.
The company also discussed its future pipeline, with residential projects valued at over ₹17,200 crores. Plans include launching The Terraces in May '26 and a Sector 59 project in Gurgaon with an estimated GDV of ₹3,900 crores. Estate 105 has been repositioned, doubling its project GDV to ₹6,000 crores. On the commercial front, all three operational assets maintain 100% occupancy, with an estimated rental income scaling to ₹700 crores at peak occupancy from under-construction projects like Max Square Two, Max District, and Max One.
Financially, consolidated revenue for FY26 was ₹200 crores, with EBITDA at ₹24 crores and PBT at ₹23 crores. Total debt stood at ₹1,850 crores, with cash and cash equivalents at ₹1,750 crores, resulting in a net debt of approximately ₹100 crores. The company aims to add 2 million square feet of residential and 1 million square feet of commercial space annually.
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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 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 Max Estates Limited. Read the original for the full detail.