Marathon Nextgen Realty Limited has informed the Exchange about Transcript of Q4 & FY 2025 Earnings Conference Call held on Thursday, May 22, 2025.
MARATHON · price
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Marathon Nextgen Realty reported its highest-ever full-year profit after tax of Rs. 190 crores in FY25, a 13% year-on-year growth, marking four consecutive years of profit expansion at roughly 48% CAGR. The company reduced its net debt by over Rs. 200 crores (28% drop from FY24), bringing net debt-to-equity to a healthy 0.46. On March 31, 2025, the Board approved a composite scheme of amalgamation to merge promoter group entities into the listed company, bringing in 205 acres in Panvel, 83 acres in Dombivli, 130 acres in Bhandup, and the Marathon Futurex office building in Lower Parel, subject to NCLT and other approvals. FY25 operational highlights include area sold of 265,376 sq ft, booking value of Rs. 605 crores, and collections of Rs. 523 crores. The company also received occupation certificates for four buildings including the 64-floor Monte South tower in Byculla.
Record profitability and significant debt reduction strengthen the company's financial position, while the proposed merger could materially expand the land bank and unlock long-term value. However, management declined to share forward-looking pre-sales guidance, dilution impact, or timelines for the merger, which may keep investors cautious until NCLT approvals progress.