Marathon Nextgen Realty Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Realty | Market Cap: ₹2.5K Cr
No specific future-looking sales or revenue guidance for FY '26 was provided during the call. FY '25 saw a record PAT of Rs.
From Marathon Nextgen Realty Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹352
Market Cap
₹2.5K Cr
P/E Ratio
12.6
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Marathon Nextgen Realty Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹114 Cr, net profit ₹46 Cr.
Full financials →📊 Revenue & Sales Performance
- →No specific future-looking sales or revenue guidance for FY '26 was provided during the call.
- →The management refrained from commenting on pre-sales outlook for FY '26 as it is a future-looking statement.
- →They emphasized evaluating real estate companies based on a 3-year moving average turnover due to quarter-to-quarter fluctuations.
- →The affordable segment sales tend to pick up towards the latter stages of project completion.
- →Growth in realization (sales price) has been consistent, with a 5% to 10% increase year-on-year at various projects.
- →The company is focused on strong micro markets and continues to see sustained demand and growth in those markets.
- →Anticipation that declining interest rates will further boost real estate demand.
- →The merger and acquisition of additional land parcels (Panvel, Bhandup, Dombivli) could unlock future value after regulatory approvals.
📈 Profitability & Margins
- →FY '25 saw a record PAT of Rs. 190 crore, with a 13% YoY growth and a compounded PAT growth rate of 48% over four years, showing strong earnings momentum.
- →Realization in projects has grown year-on-year by 5-10%, indicating sustainable pricing power.
- →Construction progress and timely delivery are expected to enhance future sales recognition.
- →Management advises evaluating performance on a three-year moving average turnover basis, reflecting the cyclical nature of real estate sales.
- →Demand remains strong in targeted micro markets due to population growth, aspirational housing needs, and inward migration.
- →Interest rate trends, particularly rate reductions by 0.25 to 0.5 bps, are expected to further boost demand and market growth.
- →Debt reduction and cost of debt improvements support healthier profitability and cash flows.
- →Merger-related enhancements are expected to unlock additional value post-approval, potentially benefiting earnings long-term.
🏗️ Capital Expenditure Plans
- →Marathon Nextgen Realty Limited has significant incoming land parcels awaiting approval:
- → - 205 acres in Panvel
- → - 130 acres in Bhandup
- → - 83 acres in Dombivli
- → - Additional projects in Lower Parel
- →These lands and projects are part of a composite scheme of amalgamation subject to regulatory approvals, including NCLT sanction.
- →The company has ongoing major projects in Byculla (Monte South), Panvel (Nexzone), Bhandup, and commercial assets like Marathon Futurex in Lower Parel.
- →Once approvals are received, detailed development plans and capital deployment will be shared in presentations.
- →Current focus remains on progressing construction rapidly and completing existing projects with quality and timely delivery.
- →The merger will consolidate promoter assets and projects under the listed entity, simplifying group structure and enabling efficient capital utilization for value unlocking.
💰 Fundraising & Capital Structure
- →The company has substantially reduced its debt by more than Rs. 200 crores in FY '25, resulting in a healthy net debt to equity ratio of 0.46.
- →The average cost of debt has reduced during the financial year, and the overall debt has decreased.
- →The management states they keep refinancing whenever cost reduction opportunities arise and will continue to look for such opportunities.
- →There is no explicit mention of any current or immediate future fundraising through debt or equity.
- →The company emphasizes maintaining a sustainable capital structure and prudent debt management.
- →Any updates on fundraising will likely be communicated in due course as part of ongoing business strategy.
📋 Order Book & Pipeline
- →The company’s existing portfolio includes strong ongoing projects with significant work carved out at Monte South (Byculla), Futurex (Lower Parel), and Bhandup.
- →At Bhandup, around 20 acres (combining 14 acres and 5.8 acres clusters) are under development with multiple buildings ongoing.
- →Projects in Panvel cover approximately 25 acres with 19 buildings and 4 more proposed.
- →The company has incoming land parcels totaling approximately 418 acres: 205 acres in Panvel, 130 acres in Bhandup, and 83 acres in Dombivli, subject to regulatory and statutory approvals.
- →Detailed area and developable analysis for incoming land will be shared in an upcoming presentation.
- →Sales tend to accelerate towards project completion; early-stage sales are comparatively slower. Overall, no slowdown in sales observed.
- →Total bookings for FY '25 stood at Rs. 605 crores with collections of Rs. 523 crores.
Key Metrics
Frequently Asked Questions
What were Marathon Nextgen Realty Ltd Q4 FY25 results?
No specific future-looking sales or revenue guidance for FY '26 was provided during the call. FY '25 saw a record PAT of Rs.
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?
Marathon Nextgen Realty Limited has significant incoming land parcels awaiting approval: - 205 acres in Panvel - 130 acres in Bhandup - 83 acres in Dombivli - Additional projects in Lower Parel - These lands and projects are part of a composite scheme of amalgamation subject to regulatory approvals, including NCLT sanction.
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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.