| Revenue growth | Q2 +90% YoY; H1 +79% YoY |
|---|---|
| Margins | EBITDA loss Rs 11.4 Cr vs Rs 25.3 Cr; AGEasy CM2 -29% |
| Order book | E361 gross sales ~Rs 1,550 Cr; E360 ~Rs 1,530 Cr |
| Demand visibility | E360 fully sold; E361 247 of 360 units sold |
Growth
Revenue Rs 95.5 Cr, up 90% YoY and 39% QoQ. Net loss Rs 22.3 Cr vs Rs 34.1 Cr last year.
Outlook
AGEasy CM2 targeted at 0% in Q3FY27; ~Rs 212 Cr Q2 collections; E361 sales focus. No quantified revenue guidance.
Risks
Persistent losses; AGEasy CM2 still negative at -29%; Care Homes occupancy only 29%; Noida Phase I handovers 127 of 340.
Last quarter's promises, checked
Delivered
- Loss/rev below FY26's 63% next qtr → Q2 EBITDA loss Rs11.4Cr on Rs95.5Cr rev (= BEAT)
Partly delivered
- AGEasy CM2 breakeven by Q4FY27 → -29% in Q2 (= PARTIAL)
- E361 ~34 units/mo → 247 of 360 sold vs 154 at Jun-end (= PARTIAL)
- AGEasy revenue ~2x to ~Rs150Cr → Care Homes+AGEasy Rs47.8Cr (+59%), AGEasy split not disclosed (= PARTIAL)
Missed
- Noida 200-300 residents moving in within 30-45 days → 127 of 340 handed over (= MISS)
Investor Presentation filed with NSE, NSE: MAXIND. Summary written with AI assistance from the document.
Max India Ltd: key numbers
- Share price
- ₹144.35
- Market cap
- ₹813.0 Cr
- Revenue (annual)
- ₹190.6 Cr
- Net profit (annual)
- ₹-121.8 Cr
- P/E (TTM)
- -6.1×Sector 21.6×
- Promoter holding
- 48.22%-1.55% QoQ
- FII holding
- 6.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Max India Ltd
All →Max India Earnings Call Transcript: Key Takeaways
Consolidated revenue ₹95.5 Cr (+90% YoY) and beta loss narrowed to ₹11.4 Cr, but the group is still loss-making. Management leans on lumpy residential fees and repeatedly reframed breakeven timelines.
Max India Other Announcement
Max India filed a CARE Ratings monitoring agency report for the quarter ended September 2026. It reports no deviation from the objects of its rights issue.
Max India Q2 FY27 Results: Net Loss of ₹22.2 Cr, Loss Narrows
Max India Ltd reported revenue from operations of ₹86.8 Cr (+92.0% YoY) and a net loss of ₹22.2 Cr for Q2 FY27.
- Key figure
- Net loss ₹22.2 Cr
Max India Board Meeting Date
Max India Ltd will hold its Board meeting on November 3, 2026, to consider un-audited Q1 and H1 results. Trading window closes after results announcement.
Max India Business Update
Max India's subsidiary Antara Senior Care handed over 200 apartments at its Noida senior-living community. The milestone advances the 340-unit Phase 1 project in Sector 150, Noida.
Max India Other Announcement
Max India Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with regulatory reporting requirements.