Holding company Max Ventures and Industries announced FY23 results: Consolidated Revenue up by 6% YoY to Rs 1,073 million in FY23 Consolidated PBT up by 418% YoY to Rs 221 million in FY23 Consolidated PAT stood at Rs 170 million in FY23 vs. Rs 47 million in FY22 Total Lease Rental Income (Max Towers + Max House) up by 30% YoY to Rs 483 million in FY23 Max Asset Services Revenue stood at Rs 358 million in FY23, up by 50% YoY Commenting on the performance, Sahil Vachani, MD & CEO of MaxVIL said, “Max Estates is making significant strides to establish itself as a leading real estate brand in Delhi NCR, with a focus on the well-being of its consumers and all its stakeholders. With a clear purpose, strategy, and aspiration, Max Estates (MEL) is looking to accelerate its growth journey by building on its current portfolio spanning 8 million sq. Ft. and adding at least 1 million sq. Ft. across each commercial and residential portfolio. Anchored on its operating philosophy of WorkWell & LiveWell, MEL aims to deliver design and hospitality led differentiated consumer experiences. We at Max Estates are looking forward to the launch of our first residential project in Delhi NCR (Sector 128, Noida) in the mid of CY23, bringing our LiveWell promise to end consumers.” Result PDF
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 and Industries announced Q2FY23 results: H1FY23: Consolidated Revenue up by 62% YoY to Rs 548 million Consolidated EBITDA up by 64% YoY to Rs 170 million Consolidated PAT stood at Rs 100 million in H1FY23 vs Rs (-) 21 million in H1FY22 Total Lease Rental Income (Max Towers + Max House) up by 48% YoY to Rs 238 million in H1FY23 Max Asset Services Revenue stood at Rs 155 million in H1FY23 Commenting on the performance, Sahil Vachani, MD & CEO of MaxVIL said, “During the first half of FY23, the Company has deployed the capital raised from the Packaging Films stake sale. MVIL has strengthened its portfolio in NCR in line with its stated position of becoming one of the top 3 developers. The Company has successfully forayed into the residential segment, thereby adding a new asset class in its portfolio and diversified its footprint to Gurugram in the Commercial segment. We are fully geared in terms of people and talent to execute this next phase of growth for MVIL. With strong leasing dynamics for Grade A+ properties combined with the Company’s WorkWell and LiveWell Philosophies, we are confident to be a brand of choice for customers in both the Commercial and Residential segment.” Result PDF
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