Max Estates Ltd (NSE:MAXESTATES)
₹ 397.1 -12.3 (-3%) Market Cap: 64.89 Bil Enterprise Value: 85.52 Bil PE Ratio: 413.39 PB Ratio: 2.68 GF Score: 54/100

Q4 2026 Max Estates Ltd Earnings Call Transcript

May 26, 2026 / 05:30AM GMT
Release Date Price: ₹448.95 (+2.51%)

Key Points

Positve
  • Max Estates Ltd (BOM:544008) achieved INR5,300 crore in presales for the second consecutive year, demonstrating strong market performance.
  • The company recorded its strongest quarterly performance ever in Q4 FY26 with INR3,300 crore of bookings.
  • Collections for the year increased by 61% year-on-year to INR1,578 crore, indicating robust cash flow management.
  • Commercial assets are operating at 100% occupancy, validating the quality of the product and tenant demand.
  • The company has a strong residential pipeline with over INR17,200 crore planned for FY27, showcasing growth potential.
Negative
  • The residential market in Delhi NCR moderated in 2026, reflecting cautious sentiment amid global uncertainties.
  • The escalation of the West Asia conflict has introduced near-term caution in residential demand and supply pressures.
  • Max Estates Ltd (BOM:544008) did not provide explicit guidance for FY27 presales due to evolving macroeconomic conditions.
  • There is a cautious sentiment across all residential segments, affecting decision-making and demand.
  • Inflationary pressures on commodities could impact project costs, although the company has contingencies in place.
Operator

Ladies and gentlemen, good day, and welcome to Max Estates Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. Also, this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call.

These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Sahil Vachani, MD and Vice Chairman of Max Estates Limited. Thank you, and over to you, sir.

Sahil Vachani
Max Estates Ltd - Executive Vice Chairman of the Board, Managing Director, Chief Executive Officer

Thank you, and good morning, everyone. Welcome to Max Estates Q4 and the full financial year '26, Earnings Conference Call. Joining me today are my colleagues, Nitin Kansal, our Chief Financial Officer; and Archit Goyal, Head of IR and Corporate Finance, as also our Investor Relations advisers at SGA. The investor presentation and

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