Max Ventures News, Corporate filings and Earnings/Conference Calls

Max Ventures and Industries announced Q3FY23 results: Consolidated Q3FY23: Revenue up by 17% YoY to Rs 840 million in 9MFY23. EBITDA was up by 14% YoY to Rs 241 million in 9MFY23. PAT stood at Rs 139 million in 9MFY23 vs Rs 10 million in 9MFY22. Total lease rental income (Max Towers + Max House) up by 39% YoY to Rs 357 million. Max Asset Services revenue stood at Rs 315 million in 9MFY22. Commenting on the performance, Sahil Vachani, MD & CEO of MaxVIL said, “This year, the Company has embarked upon MEL 3.0 journey wherein it exited the speciality packaging films business & redeployed the capital to expand real estate portfolio. The Company has entered in the residential segment thereby adding a new asset class to its portfolio. With acquisitions this year (completed and in the pipeline), we will be ending FY23 with a real estate portfolio of 7- 8 million sq. ft. well diversified across Delhi NCR, asset classes and risk spectrum. With a focus on exceptional design, sustainability, and experiences anchored around our WorkWell & LiveWell philosophy, our endeavour is to become a preferred choice for all stakeholders including customers, communities, shareholders, and employees.” Result PDF

Max Ventures News, Corporate filings and Earnings/Conference Calls

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