Max Estates Limited has informed the Exchange regarding a press release dated May 22, 2025, titled "Max Estates achieves pre-sales of INR 5300+ Crore; aspires to be the top real estate brand in NCR".
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Max Estates reported FY25 pre-sales bookings of INR 5,300+ Crore, a 300% jump over FY24 and ahead of its own guidance. The company has set a FY26 target of INR 6,000-6,500 Crore in pre-sales, implying 15-20% growth. Key residential projects are selling fast — Estate 128 in Noida is 100% sold at INR 2,700 Crore, while Estate 360 in Gurugram has booked INR 4,428 Crore with 92% sold. The company has a launch pipeline of ~7 mn sq. ft. with a Gross Development Value (GDV) potential of INR 14,000+ Crore over FY26 and FY27. It also received final NCLT/NCLAT approval for its Delhi One mixed-use project and acquired 10.33 acres in Noida Sector 105 for INR 711 Crore. Strategic partner New York Life Insurance committed another INR 550 Crore, taking cumulative investment to ~INR 1,800 Crore. On the financial side, FY25 revenue was INR 161 Crore, EBITDA INR 45 Crore, PAT INR 27 Crore, and lease rental income grew 67% YoY to INR 110 Crore, supported by 100% occupancy in Max Towers and Max House and 99% in Max Square.
Strong pre-sales growth and a healthy pipeline signal robust revenue visibility, though current-year P&L numbers remain modest as most bookings convert over time. The fresh commitments from New York Life and 100% occupancy in commercial assets should support investor confidence, while the INR 1,785 Crore cash balance provides ample room to fund the FY26-FY27 launch pipeline.