Holding Companies company Max India announced Q1FY26 results Consolidated revenue of Rs 41.3 crore for Q1FY26 vs Rs 45.5 crore in Q4FY25, 9% lower than last quarter. Consolidated EBITDA loss stood at Rs 23.3 crore for Q1FY26 vs Rs 36.9 crore in Q4FY25; ~37% lower than last quarter. Concluded the monetization of non-core asset, 3 floors at Max Towers, Noida for sales consideration of Rs 100 crore in May’25. Successfully raised Rs 124.23 crore through a Rights issue in May’25, issue oversubscribed 1.45x. Post rights issue our liquidity position stands at ~ Rs 320 crore. Consolidated Net worth ~ Rs 460.2 crore as of Jun’25 end. Result PDF
Holding company Max India announced Q2FY25 results Consolidated revenue of Rs 48 crore for Q2FY25 vs Rs 32 crore in Q1FY25, 48% better than last quarter, due to higher DM fees from Gurugram project, Higher operations & re-sale revenue from Dehradun project, Scale-up of AGEasy business vertical and strong growth in Care at Home compared to Q1FY25 Consolidated EBITDA loss reduced to Rs 15.7 crore for Q2FY25 vs Rs 21.5 crore in Q1FY25, owing to higher revenue for Residences and Assisted care vertical (as explained above) compared to last quarter. Treasury and other monetizable assets of Rs 370+ crore as of Q2FY25. Strong Balance sheet position with consolidated Net worth ~ Rs 445 crore as of Q2FY25. Result PDF
Holding Companies company Max India announced Q1FY25 results: Consolidated Financial Performance Highlights: Consolidated Revenues: Rs 32 crore for Q1 FY25, a 35% decrease compared to Rs 50 crore in Q4 FY24, primarily due to reduced inventory available for sale in the Residences vertical. This reduction was anticipated and is expected to be temporary, with improvements projected as new projects are launched. EBITDA: Consolidated EBITDA Loss: Rs 21.5 crore for Q1 FY25 compared to Rs 16 crore in Q4 FY24, primarily due to the lower revenue from the Residences vertical as explained above. Losses were effectively contained through cost optimization and efficient treasury management. Strong Financial Position: Treasury and Monetizable Assets: Over Rs 405 crore as of June 2024. Net Worth: Consolidated net worth of approximately Rs 466 crore as of June 2024. Well-Funded for Growth: The company is well-positioned to pursue growth opportunities, supported by a strong balance sheet. Result PDF
Holding company Max India announced FY24 results: Consolidated revenue of Rs 195 crore for FY24, 9% lower than last year, due to lesser inventory available for sale in Residences vertical in FY24 as compared to last year Consolidated EBITDA loss at Rs 34 crore for FY24 vs gain of Rs 12 crore in last year, due to impact of initial expenses consequent to strategic growth initiatives i.e. ramp-up of Care Homes bed capacity, expansion to new geographies and scale up of AGEasy. Treasury and other monetizable assets of Rs 435+ crore as of Mar’24 end Strong Balance sheet position with consolidated Net worth ~ Rs 492 crore as of Mar’24 end Brand Performance: Residences (Doon): SAT index at 90% (Q3FY24 88%) Care Homes: SAT Index at 93% (Q3FY24 92%) Care at Home: SAT index at 93% (Q3FY24 93%) MedCare: SAT index at 95% (Q3FY24 95%) AGEasy: NPS Index at 53 (in Apr’24) Result PDF
Conference Call with Max India Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.