Marathon Nextgen Realty Limited has informed the Exchange regarding Outcome of Board Meeting held on February 13, 2026.
MARATHON · price
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Marathon Nextgen Realty's board approved its Q3 FY26 (ended Dec 31, 2025) unaudited results. Standalone revenue from operations fell sharply to Rs. 2,194.08 lakhs (vs Rs. 3,892.11 lakhs in Q3 FY25), though 9M standalone net profit jumped to Rs. 13,025.40 lakhs (from Rs. 9,478.21 lakhs) helped by much higher other income (Rs. 11,475.48 lakhs vs Rs. 4,456.14 lakhs) and sharply lower finance costs. Consolidated 9M revenue was Rs. 38,256.93 lakhs (vs Rs. 43,155.26 lakhs) with net profit of Rs. 16,083.58 lakhs (vs Rs. 13,630.38 lakhs). The company also announced acquisition of 90% in Sunset Spaces Pvt Ltd (SSPL) for Rs. 8.10 crore, a related-party deal since promoter group member Parmeet Shah is a director and shareholder in SSPL. Additionally, the board approved investing up to Rs. 70 crore in its wholly owned subsidiary Nexzone IT Infrastructure via optionally convertible debentures and converting a Rs. 75 crore unsecured loan to its subsidiary Nexzone Fiscal Services into 0% OCDs. The auditor (Rajendra & Co.) issued an unqualified limited review report.
The core real estate business remains weak with revenue declining, but bottom-line growth is being driven by treasury/other income and reduced finance costs, which is positive but not sustainable indefinitely. The SSPL acquisition is a small, related-party deal at arm's length pricing, while the larger Rs. 145 crore of capital movements within the group signal continued capital reorganisation. Short-term stock reaction may be muted given mixed operational performance.