Max India Limited has submitted to the Exchange, the audited financial results for the period ended March 31, 2026.
MAXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Max India Limited reported consolidated revenue from operations of Rs 190.56 crores for FY 2025-26, up 31% from Rs 145.49 crores in the previous year. Despite revenue growth, the company reported a consolidated net loss of Rs 120.97 crores (attributable to equity holders) compared to a loss of Rs 140.39 crores in FY 2024-25. The loss narrowed due to higher revenue but the business continues to burn cash with negative operating cash flow of Rs 94.71 crores. Exceptional items included a Rs 9.55 crore profit from sale of Max Tower floors to a related party (Max Towers Private Limited), rights issue expenses of Rs 1.73 crores, and Rs 2.85 crores towards Code on Wages implementation. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding ongoing regulatory matters with Contend Builders JV and Noida Authority.
The company shows top-line growth but remains deeply loss-making with significant cash burn. Revenue growth of 31% YoY is positive, but shareholders face continued losses. The Rs 176 crore payment to Noida to resolve the occupancy certificate issue resolves a key regulatory hurdle for the senior living business.