Conference Call with Max Estates Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
Realty company Max Estates announced Q2FY26 results Net Revenue: Rs 48.8 crore compared to Rs 40.2 crore during Q2FY25. EBITDA: Rs 10.1 crore compared to Rs 8.5 crore during Q2FY25. EBITDA Margin: 20.7% for Q2FY26. PBT: Rs 11.6 crore compared to Rs -1.2 crore during Q2FY25. PAT: Rs 7.8 crore compared to Rs -1.4 crore during Q2FY25. Result PDF
Realty company Max Estates announced Q1FY26 results Consolidated Revenue stood at Rs 52 crore in Q1FY26, a growth of 27% on a YoY basis. Consolidated EBITDA stood at Rs 14 crore in Q1FY26. Consolidated PBT stood at Rs 17 crore and PAT stood at Rs 12 crore in Q1FY26. Total Leased Area as on 30 June 2025 stood at 1.2 million sq. ft. Lease Rental Income (Max Towers + Max House + Max Square) up by 33% YOY basis to Rs 34 crore in Q1FY26. Max Asset Services Revenue stood at Rs 13 crore in Q1FY26, a growth of 52% on a YoY basis. Debt as on June 2025 stood at Rs 1,406 crore, including LRDs of Rs 886 crore. Cash & Cash Equivalents as on June 2025 stood at Rs 1,578 crore. Result PDF
Realty company Max Estates announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations stood at Rs 39.78 crore for Q4FY25 compared to Rs 30 crore for Q4FY24 PAT stood at Rs 14 crore for Q4FY25 compared to Rs -6 crore for Q4FY24 FY25 Financial Highlights: Consolidated Revenue stood at Rs 161 crore in FY25. Consolidated EBITDA stood at Rs 45 crore in FY25. Consolidated PBT stood at Rs 38 crore and PAT stood at Rs 27 crore in FY25. Total Leased Area as on 31st March 2025 stood at 1.5 mn sq. ft. Lease Rental Income (Max Towers + Max House + Max Square) up by 67% YoY to Rs 110 crore in FY25 Max Asset Services Revenue stood at Rs 42 crore in FY25. Debt as on March 2025 stood at Rs 1,350 crore, including LRDs of Rs 852 crore. Max Estates’ share of debt is Rs 824 crore. Cash & Cash Equivalents as on March 2025 stood at Rs 1,785 crore. Commenting on the same, Sahil Vachani, Vice Chairman & MD of Max Estates said, “The Real Estate market in Delhi NCR is poised for robust and sustained growth with large-scale infrastructure enhancements accelerating urbanization and significantly boosting the region’s attractiveness as a premier hub for both residential and commercial experiences. In FY25, we exceeded our full-year guidance, achieving pre-sales booking value of Rs 5300+ crore. We plan to deliver pre-sales bookings of Rs 6,000-6,500 crore in FY26, a 15-20% growth over FY25. Further, our commercial portfolio continues to be 100% occupied with significant premiums to micro-markets. We are confident that both housing and office space demand will remain strong and plan to build on this momentum by steadily launching new projects from our diverse pipeline with a very deep focus our LiveWell and WorkWell ideology.” Result PDF