Marathon Nextgen Realty Limited has informed the Exchange about appointment of Senior Management Personnels
MARATHON · price
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The board of Marathon Nextgen Realty approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. On a consolidated basis, revenue from operations fell to Rs. 580.14 crore (from Rs. 704.62 crore in FY24), but net profit rose to Rs. 190.53 crore (from Rs. 168.78 crore), translating to a basic EPS of Rs. 37.21 versus Rs. 34.43. The board recommended a final dividend of 20% (Re. 1.00 per share on face value of Rs. 5), subject to shareholder approval. Cost auditor (Manish Shukla & Associates) and internal auditor (Moore Singhi Advisors LLP) were re-appointed for FY26, and M P Sanghavi & Associates was appointed as secretarial auditor for five years (FY26–FY30). Three senior management personnel were appointed: Ashish Mehta (AVP – Internal Audit), Deepak Ramkrishna (AGM – Marketing), and Sanjeev Kumar (AVP – Project Execution). The board also amended the share swap ratio in its composite amalgamation scheme, revising the equity and redeemable preference share entitlement for the demerger of an undertaking from Marathon Realty Private Limited.
Mixed picture for shareholders: profitability improved year-on-year despite weaker top-line, and a steady dividend is on the table, but the standalone revenue drop and ongoing large restructuring (amended composite scheme) suggest execution risk in the near term.