Marathon Nextgen Realty Limited has informed the Exchange about Standalone and Consolidated Financial Statements along with full Notes and Schedules for the financial year ended March 31, 2025
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Marathon Nextgen Realty Limited has filed its audited standalone and consolidated financial statements for the year ended March 31, 2025 with the exchanges. The auditor (Rajendra & Co.) issued an unqualified/clean opinion. On a standalone basis, revenue from operations fell sharply to Rs 24,194 lakhs from Rs 34,481 lakhs in FY24, a decline of about 30%, but this was largely offset by a jump in other income to Rs 10,989 lakhs (from Rs 6,519 lakhs), keeping profit for the year nearly flat at Rs 13,576 lakhs versus Rs 13,557 lakhs. Basic EPS stood at Rs 26.51 (vs Rs 28.05). Total equity strengthened to Rs 1,08,799 lakhs while total borrowings declined meaningfully, reflecting deleveraging. However, cash flow from operations plunged to Rs 1,423 lakhs from Rs 16,730 lakhs. FY24 figures are restated following a merger (note 52).
The sharp drop in core real estate revenue is a red flag, though propped up by other income (likely gains on sale of investment properties of Rs 5,516 lakhs). Sharply lower operating cash flow and significant loans/advances to group entities (Rs 66,878 lakhs, nearly 48% of total assets) are concerns for shareholders, even as borrowings have come down and net worth has improved.