Q1 2027 Marathon Nextgen Realty Ltd Earnings Call Transcript
Key Points
- Total income for Q1 FY27 hit a multi-quarter high, with EBITDA at Rs 66 crore and PAT at Rs 52 crore, reflecting healthy profitability.
- Strong sales momentum at the Monte South project, with 35,000 sq ft sold, generating Rs 125 crore in bookings and Rs 140 crore in collections.
- Achieved full occupation certificates for Sedar and Daffodil towers at Marathon NextZone, enabling customer handovers and boosting collections.
- Entered redevelopment with two strategic projects in Versova and Shivri, adding Rs 900 crore to the GDV pipeline.
- Maintained a debt-free balance sheet with Rs 200 crore in acquisition capital, providing flexibility for new opportunities.
- Q1 bookings of Rs 108 crore were relatively modest, with management noting that sales are only recognized upon registration, potentially delaying revenue recognition.
- Other income declined in Q1 due to the non-sale of an investment property floor at FutureX, impacting overall profitability.
- The proposed merger's completion is uncertain, dependent on NCLT schedules, which are heavily loaded and could extend into 2027.
- Redevelopment opportunities are competitive, with some deals appearing pricey, and the company must maintain strict financial discipline to avoid overpaying.
- The company's growth is heavily reliant on infrastructure projects (e.g., Navi Mumbai Airport, Atal Setu) that are still in progress, posing execution risks.
Ladies and Gentlemen, good day and welcome to the Q1 and FY27 Earning Conference Call hosted by Marathon Action Reality Limited. (Operator Instructions)
I now hand the conference over to Mr. Chetan Shah, Chairman and Managing Director from Marathon Next Gen. Realty Limited. Thank you and over to you sir.
Good afternoon everyone and thank you for joining us for Marathon NextGen Realty Ltd. Quarter one FY27 earnings call. I am Ketan Shah, Chairman and Managing Director of Marathon NextGen Realty Limited. I am joined here today by Mr. Mayur Shah, Vice Chairman and Director and Promoter Group Kaivalya Samyap and Parmit. We also have our group CFO Shreya Bhite present here. We have uploaded our Q1 financial results on the stock Exchange and on our website. I hope everyone has had the opportunity to review them before this call.
Ladies and gentlemen, we have started FY27 on a good note with the total income for the quarter standing at crore which is a multi quarter high, while EBITDA stood
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
