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Marathon Nextgen Realty Ltd

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Marathon Nextgen Realty Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹383
Market cap₹2.6K Cr
P/E13.3
Updated16 Oct 2026
Read5 min read

The short version

Marathon Nextgen expects strong future growth driven by a substantial land bank across key micro markets like Panvel, Dombivli, and Bhandup. - Launch pipeline is robust with ongoing projects such as Bhandup's INR 370 crore GDV project (2.2 lakh sq. Q2 FY '26 reported highest ever quarterly profit after tax of INR 67 crores, a 35% YoY growth.

From Marathon Nextgen Realty Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Marathon Nextgen expects strong future growth driven by a substantial land bank across key micro markets like Panvel, Dombivli, and Bhandup.
  • Launch pipeline is robust with ongoing projects such as Bhandup's INR 370 crore GDV project (2.2 lakh sq. ft.) and planned developments in Neovalley (14.4 acres) and Neopark (6.5 acres) totaling over 15 lakh sq. ft. carpet area with GDV above INR 2,000 crore.
  • Focus on self-development and strategic partnerships (JV/JDA), including monetizing FSI through sales to other developers.
  • Infrastructure developments (metro, bullet train, GMLR) expected to significantly boost demand and sales in outskirts and suburbs.

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Profitability & Margins

See what Marathon Nextgen Realty Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Marathon Nextgen plans large-scale capital investments in its ongoing and upcoming projects, including:
  • Monte South Commercial in Byculla: a Grade A office and retail development joint venture with Adani Realty, offering ~7.5 lakh sq ft and an estimated GDV of INR 3,400 crores.
  • Launch of Phase 3 of Marathon Nexzone in Panvel ("Nirvana Collection"): ~4.9 lakh sq ft RERA carpet area with GDV of over INR 600 crores.
  • Launch of Neohomes portfolio in Bhandup: 2.2 lakh sq ft residential space with GDV of INR 370 crores.
  • The company is actively evaluating new project opportunities supported by INR 900 crores raised through QIP, focusing on redevelopment, joint development, and asset-light models in Mumbai.

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Top-ranked in Realty

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Sobha
Rev 2Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Marathon Nextgen Realty Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The transcript does not explicitly mention a current or expected order book or pending orders in quantified terms.
  • However, the company highlighted strong sales momentum across key projects like Futurex, Monte South, Nexzone, and Bhandup Neohomes, suggesting a healthy order pipeline.
  • They have a diversified and well-placed launch pipeline supporting growth over the next few years.
  • The balance sheet is strong and net debt-free, backed by healthy collections and measured capital allocations.
  • They aim to monetize their large land bank rapidly through self-development and strategic partnerships (JV/JDA), leveraging government policies for maximum value.

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Marathon Nextgen Realty Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹114 Cr, net profit ₹46 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Realty this season

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  • Arihant Superstructures Ltd (Q2 FY26)

    Q2-FY26 Operating Revenues: INR 1,227 Mn, up 9.7% YoY from INR 1,118 Mn in Q2-FY25 (Page 25). Key investor presentation takeaways from Arihant Superstructures L

  • Man Infraconstruction Ltd (Q2 FY26)

    Q2 FY26 Revenue from operations (Standalone): ₹57.7 Cr vs ₹70.6 Cr in Q2 FY25 (decline) . Key investor presentation takeaways from Man Infraconstruction Ltd's Q

  • P.E. Analytics (Q2 FY26)

    Consolidated revenue for H1 FY26: ₹2,54,123 thousand, a slight decrease of 0.85% year-on-year (H1 FY25: ₹2,56,292 thousand). Key investor presentation takeaways

🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Marathon Nextgen Realty Ltd Q2 FY26 results?

Marathon Nextgen expects strong future growth driven by a substantial land bank across key micro markets like Panvel, Dombivli, and Bhandup. - Launch pipeline is robust with ongoing projects such as Bhandup's INR 370 crore GDV project (2.2 lakh sq. Q2 FY '26 reported highest ever quarterly profit after tax of INR 67 crores, a 35% YoY growth.

What is Marathon Nextgen Realty Ltd share price analysis?

Marathon Nextgen Realty Ltd currently shows a neutral. The stock trades at a P/E of 13.2 with a market cap of ₹2,581 Cr. Investors should review the full earnings analysis for detailed insights.

Is Marathon Nextgen Realty Ltd planning capital expenditure?

Marathon Nextgen plans large-scale capital investments in its ongoing and upcoming projects, including: - Monte South Commercial in Byculla: a Grade A office and retail development joint venture with Adani Realty, offering ~7.5 lakh sq ft and an estimated GDV of INR 3,400 crores.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.