ALFA Finder| Revenue growth | Total Income of ₹639cr for FY26. |
|---|---|
| Margins | Targeted EBITDA margins in the range of 30% to 40%. |
| Order book | Unsold value ~₹6,500cr (MNRL share); ~₹2,000cr launched inventory. |
| Demand visibility | Strong Grade A office demand; 15% price firming in commercial. |
| Management confidence | High; company is now net cash positive post-QIP. |
Growth
FY26 PAT grew to ₹206cr; EBITDA at ₹261cr. Booking value reached ₹576cr (MNRL share) and ₹832cr (post-merger basis).
Outlook
Targeting 10-12 months for ₹225cr+ new launches. Evaluating 30+ projects. Net cash positive post-QIP with ₹300cr earmarked for acquisitions.
Risks
Regulatory approvals for NCLT merger; execution timelines for new acquisitions in Kanjurmarg; demand cyclicality in luxury MMR segments.
Last quarter's promises, checked
Delivered
- Guided 9M PAT record → delivered ₹161cr (= BEAT)
- Guided debt reduction → repaid ₹340cr (= BEAT)
- Guided OC for Nexzone Ph2 towers → delivered 2/4 towers (= BEAT)
Partly delivered
- Guided merger timeline → NSE/BSE cleared, NCLT pending (= PARTIAL)
- Guided 400-acre land potential → procedure ongoing (= PARTIAL)
Missed
- Guided Monte South Ph2 OC → delivered partial up to 45th floor (= MISS)
Earnings Call filed with BSE, NSE: MARATHON. Summary written with AI assistance from the document.
Marathon Nextgen Realty Ltd: key numbers
- Share price
- ₹414.30
- Market cap
- ₹2,794 Cr
- Revenue (annual)
- ₹496.1 Cr
- Net profit (annual)
- ₹203.0 Cr
- P/E (TTM)
- 16.3×Sector 38.0×
- 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.
More from Marathon Nextgen Realty Ltd
All →Marathon Nextgen Realty Earnings Call Transcript: Key Takeaways
Marathon Nextgen moves to 100% ownership of Monte South, doubling future profit participation.
Marathon Nextgen Realty Annual General Meeting
Marathon Nextgen seeks postal ballot approval for up to ₹1,000 crore related-party funding to its joint venture Swayam Realtors. E-voting runs until 3 December 2026.
Marathon Nextgen Realty Acquisition Worth ₹335 Cr
Marathon Nextgen acquires an extra 60% stake in its JV Swayam Realtors and Traders LLP. Consideration totals up to Rs. 335 crore, including Rs. 135 crore cash.
- Value
- ₹335.0 Cr
- Execution
- Two months from the time of requisite approvals
Marathon Nextgen Realty Board Meeting Date
Marathon Nextgen Realty Ltd will hold a board meeting on October 27, 2026, to consider and approve new or additional investments in projects and SPVs.
Marathon Nextgen Realty Results Update
Marathon Nextgen Realty reported Q2 FY27 consolidated revenue of ₹145 crore with a profit after tax of ₹45 crore. The company maintains a net debt-free status.
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