Q4 2026 Marathon Nextgen Realty Ltd Earnings Call Transcript
Key Points
- Marathon Nextgen Realty Ltd (BOM:503101) reported its highest ever profit in its history with a profit after tax of INR206 crores for FY26.
- The company successfully completed a QIP of INR900 crores, significantly strengthening its balance sheet.
- Marathon Futurex delivered a 15% year-on-year growth in presales to INR466 crores, driven by strong absorption and robust leasing activity.
- The company acquired controlling interest in three real estate entities in Kanjurmarg, adding a pipeline of six residential projects with an expected GDV of over INR840 crores.
- Marathon Nexzone in Panvel saw presales of INR104 crores, benefiting from multiple infrastructure catalysts, including the operationalization of the Navi Mumbai International Airport.
- The company faces risks and uncertainties associated with forward-looking statements, which are not guarantees of future performance.
- Despite the strong financial performance, the company still has a significant amount of unsold inventory, with a cost to complete of around INR1,600 crores.
- The amalgamation process is still pending approval from the NCLT, which could delay strategic initiatives.
- The company has not committed to a bonus issue post-amalgamation, despite investor interest.
- The commercial real estate segment faces challenges with supply constraints, although demand remains high.
Ladies and gentlemen, good day, and welcome to Q4 and FY '26 Earnings Conference Call hosted by Marathon Nextgen Realty Limited. (Operator Instructions)
Before we begin, this conference call may contain certain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to Mr. Chetan Shah, Chairman and Managing Director from Marathon Nextgen Realty Limited. Thank you, and over to you, sir.
Thank you. Hello. I'm Chetan Shah, Chairman and Managing Director of Marathon Nextgen Realty Limited. Good afternoon, everyone, and welcome to the Quarter four and FY26 Earnings Conference Call of Marathon Nextgen Realty Limited. Thank you for joining us today. I'm joined here today by Kaivalya Shah, Director; Samyag Shah, Director; Suyash Bhise,
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