Marathon Nextgen Realty Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 14 Jun 2026 | Realty | Market Cap: ₹2.5K Cr

Robust 9 months FY26 performance with highest PAT of INR 161 crores driven by commercial and residential segments. Marathon Nextgen Realty Limited reported highest-ever 9 months PAT of INR 161 crores in FY26, driven by strong commercial portfolio and steady residential contributions.

From Marathon Nextgen Realty Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹352

Market Cap

₹2.5K Cr

P/E Ratio

12.6

How does Marathon Nextgen Realty Ltd rank in Realty?

Compare Marathon Nextgen Realty Ltd against every Realty company this quarter on revenue, margins and earnings-call signals.

View Realty leaderboard →

Marathon Nextgen Realty Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹114 Cr, net profit ₹46 Cr.

Full financials →

📊 Revenue & Sales Performance

→Robust 9 months FY26 performance with highest PAT of INR 161 crores driven by commercial and residential segments.
→On a post-merger basis, expected increase in area sales to 2.46 lakh sq ft, booking value to INR 628 crores, and collections to INR 798 crores.
→Strong demand and steady sales velocity, e.g., Monte South consistently booking ~INR 100 crores per quarter.
→Upcoming significant presales from projects like Marathon Nextown and Nexworld in Dombivli, Panvel’s Nexzone Phase 3 (~4.9 lakh sq ft, GDV INR 600 crores), and Bhandup Neo series.
→Ready-to-move-in commercial asset Futurex and Monte South expected to be major revenue contributors in FY27.
→Infrastructure developments in Mumbai MMR anticipated to boost demand and price realization.
→Expect continued growth driven by redevelopment projects and expansion within Mumbai MMR micro markets.
→Monetization strategies include joint ventures and B2B sales to augment presales.

📈 Profitability & Margins

→Marathon Nextgen Realty Limited reported highest-ever 9 months PAT of INR 161 crores in FY26, driven by strong commercial portfolio and steady residential contributions.
→On a post-merger basis, area sales increased to 2.46 lakh sq.ft, booking value to INR 628 crores, and collections to INR 798 crores, indicating growth potential.
→Significant land parcels (~400 acres) in Panvel, Dombivli, and Bhandup from merger will drive long-term GDV expansion and revenue streams.
→New project launches in Panvel (4.9 lakh sq.ft, INR 600 crores GDV) and Bhandup (INR 170 crores GDV) will contribute to future presales and collections.
→Ready-to-move-in commercial asset Futurex expected to generate substantial revenue with no further completion costs.
→Infrastructure developments in Mumbai MMR (e.g., new airport, enhanced connectivity) are expected to boost demand and price appreciation.
→Redevelopment projects and joint ventures being pursued for monetization, which can augment presales and cash flow.
→Overall, steady booking momentum and strategic land assets position the company for consistent earnings and EPS growth going forward.

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

🏗️ Capital Expenditure Plans

→The company is focusing on large-scale project launches in Dombivli, Panvel, and Bhandup, with groundwork and environmental clearances underway.
→Post-merger, significant pre-sales expected from new projects like Marathon Nextown and Nexworld in Dombivli.
→Investments are being made from QIP proceeds to accelerate existing projects and land acquisitions.
→Acquisition of Sunset Spaces Private Limited (90% stake for around INR 8.1 crores) brings two ongoing projects adding ~150,000 sq.ft. to their portfolio.
→A dedicated redevelopment team of 12 people is actively pursuing redevelopment projects, with some near-final stages, expected to add sizable project value.
→Joint ventures with larger developers are being considered for monetizing land assets efficiently.
→The company continues to invest in enhancing commercial assets like Futurex, which is ready-to-move-in and expected to contribute significant revenue.

💰 Fundraising & Capital Structure

→There is no explicit mention of any current or future new fundraising through debt or equity in the provided text.
→The company has recently completed a QIP (Qualified Institutional Placement) round raising around INR 900 crores.
→Out of this INR 900 crores, about INR 340 crores were used for debt repayment, significantly reducing net debt to a negative position.
→The management indicates they have reduced debt to almost zero, with only minor loans remaining (~INR 20 crores).
→No further fundraising plans through debt or equity were highlighted or indicated as ongoing or planned within the discussed timeline.

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

📋 Order Book & Pipeline

→Marathon Nextgen Realty's current order book includes significant ongoing projects such as Monte South, Nexzone, Futurex, Marathon Nextown, and Nexworld.
→Monte South alone comprises about 4 million sq. ft. with multiple residential and commercial towers, ongoing over several years.
→Post-merger, Marathon has acquired about 400 acres across Panvel, Dombivli, and Bhandup, providing a large pipeline for future projects.
→Recent presales: Panvel launch ~4.9 lakh sq. ft. (GDV INR 600 crores), Bhandup launches INR 170 crores GDV, and Futurex has about 2 lakh sq. ft. ready.
→Marathon has ongoing redevelopment tenders with 12 staff dedicated, participating actively and preferred developer in many areas, but definitive agreements are pending.
→Nexzone Phase 2 near completion; Phase 3 (~4.9 lakh sq. ft.) launched.
→Overall, the order book is robust and growing with steady booking momentum and significant presales expected in FY27 and beyond.

Key Metrics

What Marathon Nextgen's management said in earlier quarters

Others in Realty this season

Lodha Developers Ltd (Q3 FY26)
Sales volumes for Lodha have increased about 24% in square feet terms over the first 9 months, despite some industry-level volume weakness. Key concall…
Modi's Navnirman (Q3 FY26)
Rashmi Square has a GDV of around INR 130 crores and Manorath around INR 60 crores. Key concall takeaways from Modis Navnirman Ltd's Q3 FY26 earnings call…
Kalpataru Ltd (Q3 FY26)
52,000 crores, providing strong visibility for sustained growth. Key concall takeaways from Kalpat.'s Q3 FY26 earnings call — and how it ranks against sector…
Prestige Estates (Q3 FY26)
FY '27 business development spend budgeted at INR4,500-5,000 crores. Key concall takeaways from Prestige Estates's Q3 FY26 earnings call — and how it ranks…

Compare:vs DLF vs Lodha Developers Ltd vs Prestige Estates

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Marathon Nextgen Realty Ltd Q3 FY26 results?

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 12.6 with a market cap of ₹2,463 Cr. Investors should review the full earnings analysis for detailed insights.

Is Marathon Nextgen Realty Ltd planning capital expenditure?

The company is focusing on large-scale project launches in Dombivli, Panvel, and Bhandup, with groundwork and environmental clearances underway. - Post-merger, significant pre-sales expected from new projects like Marathon Nextown and Nexworld in Dombivli. - Investments are being made from QIP proceeds to accelerate existing projects and land acquisitions. - Acquisition of Sunset Spaces Private Limited (90% stake for around INR 8.1 crores) brings two ongoing projects adding ~150,000 sq.ft.

Keep Marathon Nextgen Realty Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.