Q1 2026 Marathon Nextgen Realty Ltd Earnings Call Transcript
Key Points
- Marathon Nextgen Realty Ltd (BOM:503101) reported a strong start to FY26 with robust performance across key operational and financial metrics.
- The company experienced a 7% year-over-year growth in area sold, with presales value increasing by 16% to INR183 crores.
- Collections surged by 28% to INR239 crores, indicating strong market demand and customer trust in the Marathon brand.
- The company successfully raised INR900 crores through a QIP, reflecting strong investor confidence and allowing for debt repayment and future project funding.
- Profit after tax surged 63% year-on-year to INR62 crores, significantly outpacing industry growth and reflecting a focus on high-margin projects.
- The company faces challenges related to environmental clearances in the Mumbai market, although recent Supreme Court judgments may alleviate some issues.
- Sales velocity for high-value projects like Monte South is slower during the monsoon period, with only five to six bookings reported monthly.
- The merger process, which is expected to bring valuable land assets into the company, will take 12 to 15 months to complete, delaying potential benefits.
- The company has a sizable unsold inventory, including 1.1 lakh square feet in Monte South and 1 lakh square feet in Nexzone, which may impact short-term cash flow.
- Despite a strong balance sheet, the company remains exposed to market fluctuations and potential downturns in the real estate sector.
Ladies and gentlemen, good day, and welcome to the Q1 FY26 earnings conference call of Marathon Nextgen Realty Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Kanav Khanna from EY IR.
Thank you, and over to you, sir.
Thanks. Good noon to all the participants on the call, and thank you for joining in the Q1 FY26 earnings call of Marathon Nextgen Realty Limited. Please note that we have mailed out the results to everyone, and you can also see this on our website, and it's also been uploaded on the stock exchanges. In case you have not received the same, you can write to us, we'll be happy to send it over.
Now before we proceed to the call, let me remind you that the discussion may contain some forward-looking statements and may involve known and unknown risks, uncertainties and factors. It must be viewed in conjunction with our business that could cause the future result performance or its achievement to differ significantly
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