Marathon Nextgen Realty Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Press Release For Q1,FY26".
MARATHON · price
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Awaiting price reaction for this filing.
Marathon Nextgen Realty reported a strong Q1 FY26 with profit after tax (PAT) rising 63% year-on-year to about ₹62 crore. Total revenue stood at ₹191 crore (up 10%), EBITDA at ₹81 crore (up 27%), and profit before tax at ₹68 crore (up 55%). Operational metrics also improved, with area sold up 7% to 77,759 sq. ft., booking value up 16% to ₹183 crore, and collections up 28% to ₹239 crore. The company successfully closed a ₹900 crore Qualified Institutional Placement (QIP), of which ₹340 crore was used to repay debt, making the company net cash positive for the first time, ₹160 crore is being directed toward construction, and ₹300 crore is earmarked for new asset-light projects. The business continues to focus on its Mumbai pipeline spanning Lower Parel, Byculla, Mulund, and land banks in Bhandup, Dombivli, and Panvel.
Strong earnings growth, improved collections, and a debt-free, net cash positive balance sheet are positive signals for shareholders, though the ₹900 crore QIP may cause some near-term dilution. The fresh capital for construction and new projects could support future growth in bookings and revenues.