Max Estates Limited has informed the Exchange about Transcript
MAXESTATES · price
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Max Estates held its Q1 FY26 earnings call reporting consolidated revenue of Rs. 52 crores (up 27% YoY), EBITDA of Rs. 14 crores, and PAT of Rs. 12 crores, while sitting on a net cash position of Rs. 172 crores. The company has clocked cumulative pre-sales of over Rs. 7,300 crores across projects in just 2 years, with Rs. 1,800 crores already collected at 96%+ collection efficiency. Management reaffirmed FY26 pre-sales guidance of Rs. 6,000–6,500 crores and outlined a medium-term target of Rs. 21,000 crores by FY28 (15–20% CAGR), backed by Rs. 14,000–15,000 crores of secured pipeline. Three new launches worth Rs. 9,500 crores GDV are planned in H2 FY26 (Estate 361 Gurgaon, Delhi One, Sector 105 Noida), and the commercial portfolio is positioned to deliver Rs. 700+ crores of annual rental income over the next 5 years.
Strong forward visibility with a multi-year pre-sales and rental pipeline supports earnings growth; healthy net-cash balance sheet and conservative guidance tone are positives, though management cautioned that the exceptional pricing growth of the last two years is unlikely to repeat, which may moderate headline price-realisation upside.