Max Ventures and Industries announced Q1FY23 Result : Max Estates set to scale its real estate business Development portfolio expected to reach 3x of the current size by FY23 Consolidated Revenue up by 47% YoY to INR 273 Mn in Q1FY23 Consolidated EBITDA up by 40% YoY to INR 87 Mn in Q1FY23 Consolidated PAT stood at INR 66 Mn in Q1FY23 vs. INR 0.1 Mn in Q1FY22 Total Lease Rental Income (Max Towers + Max House) up by 45% YoY to INR 120 Mn in Q1FY23 Max Asset Services Revenue stood at INR 75 Mn in Q1FY23 Commenting on the performance, Sahil Vachani, MD & CEO of MaxVIL said, “With these new acquisitions and a very strong project pipeline under development, we expect to end FY 23 with a development portfolio of 6-7 Mn square feet, which will be 3x the size as of FY 22 footprint. As we gear up for scale, our focus is to strengthen organization capacity and capability to drive seamless execution across both Commercial and Residential opportunities, staying true to our purpose of Enhancing quality of life and in turn unlocking multi-fold value for all our stakeholders.” Result PDF