The call ran from 1:16 PM to 1:54 PM IST (39 min).
Key takeaways
Marathon Nextgen moves to 100% ownership of Monte South, doubling future profit participation.
| Revenue growth | H1 FY27 revenue ₹362 Cr; Q2 revenue ₹145 Cr. |
|---|---|
| Margins | EBITDA margins stable at approximately 35% for the half-year. |
| Demand visibility | Strong demand in luxury South Mumbai and affordable Panvel segments. |
| Management confidence | Highly optimistic following the Monte South acquisition and debt-free status. |
Growth
H1 revenue at ₹362 Cr with EBITDA margins around 35%; sales momentum accelerating.
Outlook
Monte South estimated future gross development value remains approximately ₹6,500 Cr.
Risks
Concentration in South Mumbai luxury market; execution risk on Tower D and commercial.
Last quarter's promises, checked
Partly delivered
- Guided ₹200 Cr surplus capital deployed into new projects in FY27 → ₹335 Cr spent on Monte South stake, not new projects (= PARTIAL)
- Guided EBITDA margin 30-35% as acquisition target → H1 FY27 company EBITDA ~35%; no per-project margin disclosed (= PARTIAL)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Marathon Nextgen Realty Q2 FY27 Results: Net Profit ₹45.2 Cr, Down 32.0% YoY
Marathon Nextgen Realty Ltd reported revenue from operations of ₹129 Cr (+10.4% YoY) and net profit of ₹45.2 Cr (-32.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹45.2 Cr · -32.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 10-12 months for ₹225cr+ new launches. Evaluating 30+ projects. Net cash positive post-QIP with ₹300cr earmarked for acquisitions.
Growth they described
FY26 PAT grew to ₹206cr; EBITDA at ₹261cr. Booking value reached ₹576cr (MNRL share) and ₹832cr (post-merger basis).
Call details
| Company | Marathon Nextgen Realty Ltd |
|---|---|
| NSE symbol | MARATHON |
| ISIN | INE182D01020 |
| Call | Investor Call investor call |
| Date | Wednesday, 4 November 2026 |
| Time | 1:15 PM IST |
| Length | 39 min |
| Audio | Our stream on YouTube ↗ |
Marathon Nextgen Realty Ltd: key numbers
- Share price
- ₹392.10
- Market cap
- ₹2,644 Cr
- Revenue (annual)
- ₹496.1 Cr
- Net profit (annual)
- ₹203.0 Cr
- P/E (TTM)
- 15.4×Sector 35.3×
- Promoter holding
- 56.40%-0.02% QoQ
- FII holding
- 2.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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