Max Estates Ltd

Max Estates Earnings Call Transcript: Key Takeaways

Strong Q2 pre-sales (₹2,100 Cr, 274 units) but thin reported P&L: revenue ₹52.5 Cr, PAT ₹4.7 Cr, pending handovers.

Max Estates Investor Presentation: Key Takeaways

Q2 FY27 pre-sales ₹2,092 Cr (~14x YoY); H1 FY27 pre-sales ₹3,184 Cr, collections ₹1,051 Cr. Reported P&L is small (FY26 revenue ₹199.4 Cr, PBT ₹23.3 Cr); ₹4,800–5,700 Cr embedded PBT to be recognised FY28–FY31.

Max Estates Results Update

Max Estates reported H1 FY27 pre-sales of INR 3,200 crore and Q2 PAT of INR 4.7 crore. It also signed an MOU for a Delhi land acquisition.

Max Estates Merger & Restructuring Worth ₹0.01 Cr

Max Estates will subscribe to 10,000 shares worth ₹1 lakh in a yet-to-be-incorporated real estate company. The entity awaits Ministry of Corporate Affairs approval.

Value

₹0.01 Cr

Max Estates Debt & Borrowing: ₹350 Cr

Max Estates' board approved a ₹350 crore corporate guarantee for a wholly-owned subsidiary's term loan. Monitoring agency reports on its QIP and warrant proceeds were also filed.

Value

₹350.0 Cr

Max Estates Q2 FY27 Results: Net Profit ₹4.7 Cr, Down 39.7% YoY

Max Estates Ltd reported revenue from operations of ₹52.8 Cr (+8.2% YoY) and net profit of ₹4.7 Cr (-39.7% YoY) for Q2 FY27.

Key figure

Net profit ₹4.7 Cr · -39.7% YoY

Max Estates Board Meeting Date

Max Estates Limited has informed exchanges that its board will meet on 4 November 2026 to consider unaudited results for the quarter and half year ended 30 September 2026. The trading window stays closed until 6 November 2026.

Max Estates Employee Stock Options

Max Estates allotted 632 equity shares to an option holder under its ESOP Plan 2023. The allotment raises paid-up capital; no transaction price is stated.

Max Estates Management Change

Max Estates Limited announced the resignation of Mr. Dharmender Kumar, Director & Chief Corporate Affairs Officer, effective from the close of business hours on October 21, 2026.

Max Estates Other Announcement

The company submitted its quarterly shareholding pattern for the quarter ended September 30, 2026, as required by SEBI regulations.

Max Estates Legal & Regulatory

Max Estates received a GST show cause notice proposing ₹2.59 Crore in tax, interest and penalty for FY23. No final order passed yet.

Value

₹2.59 Cr

Max Estates Business Update

Max Estates reported ~₹3,200 Crore pre-sales in H1FY2027, with Q2 at ~₹2,100 Crore (1,246% YoY). The NCR developer sold 274 units in the quarter, up 11x year-on-year.

Value

₹3,200 Cr

Max Estates Other Announcement

Max Estates Limited received a Dual 5-Star rating in the 2026 GRESB Real Estate Assessment. The company ranked No. 1 among peer entities in the Development category.

Max Estates Annual General Meeting

Max Estates held an EGM on September 24, 2026, to transact items related to a proposed land acquisition and a preferential issue of equity shares.

Max Estates Capacity Expansion

Max Estates entered a Binding MOU for a Joint Development Agreement in Ghaziabad. The project involves a 1.5 million sq. ft. development potential.

development potential

1.5 million sq. ft.

Max Estates Employee Stock Options

Max Estates Limited allotted 14,931 equity shares under its 2023 ESOP Plan following the exercise of stock options by employees.

Max Estates Annual General Meeting

Max Estates will hold an EGM on September 24, 2026, to seek shareholder approval for a preferential share swap issue and related party acquisition transactions.

Max Estates Annual General Meeting

Max Estates Limited issued an EGM notice to approve a related-party acquisition and preferential share issue for a consideration of up to ₹420.23 Crore.

Value

₹420.2 Cr

Max Estates Capital Structure Change

Max Estates Limited approved a preferential issue of 7,033,162 equity shares to raise approximately ₹420.23 Crore. The allotment price is set at ₹597.00 per share.

Value

₹420.2 Cr

Max Estates Acquisition Worth ₹419.2 Cr

Max Estates Limited will acquire nine land-owning companies for an aggregate consideration of ₹419.24 Crore. The acquisition involves issuing equity shares to secure an 84.7-acre land platform.

Value

₹419.2 Cr

Max Estates Acquisition Worth ₹420.2 Cr

Max Estates Limited will acquire nine 'Land Owning Companies' holding an 84.7-acre land platform in Delhi for an aggregate consideration of ₹420.23 Crore.

Value

₹420.2 Cr

Max Estates Board Meeting Date

Max Estates Limited has scheduled a board meeting on August 28, 2026, to consider a proposed preferential issue of equity shares.

Max Estates Annual General Meeting

Max Estates Limited held its 10th Annual General Meeting on August 19, 2026. Shareholders transacted ordinary business, including the adoption of financial statements and director re-appointment.

Max Estates Earnings Call Transcript: Key Takeaways

Max Estates delivered a strong Q1 FY27, capitalizing on the NCR residential boom while aggressively pivoting toward a self-funded model through massive collections and pre-sales growth.

Max Estates Results Update

Max Estates reported Q1 FY27 revenue of Rs. 51.9 Crore and PAT of Rs. 8.4 Crore. Pre-sales for the period reached Rs. 1,093 Crore.

Max Estates Investor Presentation: Key Takeaways

Max Estates reported Q1 FY27 pre-sales of ₹1,093 Cr and collections of ₹491 Cr. The firm is scaling its residential and commercial portfolio in NCR.

Max Estates Management Change

Max Estates Limited has appointed Mr. Hardik Manek as the Chief Strategy Officer, effective August 14, 2026. This move strengthens the company's senior leadership team.

Max Estates Other Announcement

Max Estates Limited filed its quarterly Monitoring Agency Report from CARE Ratings Limited, detailing the utilization of funds from its Rs. 150 Crore Preferential Issue.

Value

₹150.0 Cr

Max Estates Q1 FY27 Results: Net Profit ₹8.4 Cr, Down 29.4% YoY

Max Estates Ltd reported revenue from operations of ₹51.9 Cr (+0.8% YoY) and net profit of ₹8.4 Cr (-29.4% YoY) for Q1 FY27.

Key figure

Net profit ₹8.4 Cr · -29.4% YoY

Max Estates Credit Rating

ICRA Limited has assigned an [ICRA] A+ (Stable) issuer rating to Max Estates Limited. The rating reflects strong residential segment performance and robust occupancy in commercial assets.