Financial Performance
Marathon Nextgen Realty reported consolidated revenue of ₹141 crore for Q3 FY26 and ₹487 crore for the first nine months of the fiscal. EBITDA stood at ₹39 crore in Q3 and ₹200 crore for 9M FY26, while profit after tax (PAT) came in at ₹33 crore and ₹161 crore, respectively. The company recorded its highest-ever nine-month PAT of ₹161 crore, marking an 18% year-on-year growth, with a PAT margin of 33% for the period. The balance sheet remained net debt-free with a positive net cash position.
Business Segment Performance
Operationally, the existing portfolio recorded area sales of 52,204 sq. ft. in Q3 FY26 and 2,28,191 sq. ft. for 9M FY26. Booking value from this portfolio stood at ₹126 crore for the quarter and ₹588 crore for the nine months. Collections were ₹268 crore in Q3 and ₹850 crore in 9M FY26.
The post-merger portfolio reported higher traction, with area sales of 61,754 sq. ft. in Q3 and 2,93,970 sq. ft. in 9M FY26. Booking value stood at ₹169 crore for the quarter and ₹796 crore for the nine-month period. Collections were ₹308 crore in Q3 and ₹1,071 crore for 9M FY26.
Commercial projects, including Marathon Futurex in Lower Parel and Marathon Millennium in Mulund, contributed strongly during the period, while residential developments delivered steady performance.
Network Investments and Outlook
The company continues to focus on timely execution across projects. Monte South has secured an occupancy certificate for Tower A, while Tower B has received OC up to the 45th floor, with internal work progressing to the 62nd floor. Tower C’s RCC work is complete up to the 17th floor.
In Bhandup, Neovalley has completed RCC work for one wing and secured environmental clearance for an additional portion. Neopark is in advanced finishing stages, with occupancy certificate applications underway for select wings. In Panvel, Nexzone Phase 1 is complete with full OC, while Phase 2 is nearing completion with OC applications submitted for select towers.
Key Takeaways
- 9M FY26 PAT rose 18% YoY to a record ₹161 crore with a 33% margin.
- Q3 FY26 revenue stood at ₹141 crore; nine-month revenue reached ₹487 crore.
- Company remains net debt-free with a positive net cash position.