Please find attached the audited financial results for FY26.
MAXESTATES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max Estates reported consolidated revenue from operations of Rs 19,945 lakhs for FY26, up 24.3% from Rs 16,049 lakhs in FY25, driven by new project launches in Gurugram and Noida. However, profit after tax (PAT) declined significantly by 40.6% to Rs 1,569 lakhs from Rs 2,643 lakhs in the prior year. The Q4 quarter itself showed a net loss of Rs 408 lakhs. The company undertook major capital raising through QIP (Rs 80,000 lakhs), warrant conversions, and subscribed to compulsorily convertible debentures in subsidiaries. S.R. Batliboi & Co. LLP issued an unmodified (clean) audit opinion on both standalone and consolidated results. New acquisitions were completed during the year including Boulevard Projects Private Limited (April 2025) and Base Buildwell Private Limited (December 2025).
The stock may face pressure despite revenue growth due to the sharp 40.6% PAT decline, rising finance costs, and increased advertising spend impacting profitability. However, the clean audit and successful capital raise provide balance sheet support for future project execution.