Marathon Nextgen Realty Ltd
Marathon Nextgen Realty Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Marathon Nextgen Realty has a strong ongoing and upcoming project pipeline, including six projects in Kanjurmarg with a combined GDV of INR 840+ crores, indicating steady future launches and sales. Marathon Nextgen Realty reported its highest-ever profit after tax of INR 206 crores for FY26, reflecting disciplined execution and operational efficiencies.
From Marathon Nextgen Realty Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Marathon Nextgen Realty has a strong ongoing and upcoming project pipeline, including six projects in Kanjurmarg with a combined GDV of INR 840+ crores, indicating steady future launches and sales.
- The company aims to launch over INR 225 crores worth of projects in the next 12 months.
- They plan to augment revenue streams with new project acquisitions including Sunset Spaces and land parcels from future mergers.
- Expansion into plotted development in Panvel expected in FY27 or FY28.
- Growing commercial portfolio with new projects like Monte South commercial tower and Millennium project in Mulund supports diversified revenue.
- Infrastructure developments in Panvel, Bhandup, and Kanjurmarg are expected to boost demand and price appreciation.
- Pre-sales for FY26 stood at INR 576 crores (MNRL share) and INR 832 crores including post-merger portfolios, with consistent growth in commercial leasing and residential sales.
- EBITDA margins expected around 30% to 40%, supporting strong profitability ahead.
Profitability & Margins
See what Marathon Nextgen Realty Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- INR 900 crores QIP raised in FY26; approx. INR 340 crores used to repay debt.
- Around INR 300 crores earmarked for new project acquisitions; INR 54 crores already deployed in acquisitions.
- Evaluated over 30 new projects; shortlisted and acquired controlling interests in six projects in Kanjurmarg with an INR 840 crore GDV pipeline.
- One ongoing project in Kanjurmarg; over INR 225 crores worth of launches expected in next 12 months.
- Post-merger land parcels expected to add multiple projects including plotted developments in Panvel (a new segment for Marathon), potentially launching in FY27 or FY28.
- Pipeline includes new commercial Tower 5 at Monte South and plotted developments in Panvel.
- Strategy includes scaling development platform, prioritizing value-accretive redevelopment, and expanding PTC-led B2B opportunity.
- Capital allocation balanced across land acquisition, expedited execution of ongoing projects, and new launches.
Top-ranked in Realty
Ranked on what management guided this quarter
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 ongoing and upcoming projects pipeline is robust, with significant launches planned over FY27 and FY28, including six projects in Kanjurmarg with a GDV of around INR 840 crores.
- The company has enough inventory and financial capacity to execute existing projects and acquire new ones, with approximately INR 6,500 crores of unsold value in the listed entity.
- Cost to complete the unsold launched inventory is about INR 1,600 crores.
- The company has earmarked around INR 300 crores from the QIP for new project acquisitions, having already spent INR 54 crores on acquisitions during FY26.
- Transit camp projects under the PTC model in Kanjurmarg create a new B2B revenue stream allowing faster monetization.
- The company anticipates launching more than INR 225 crores of projects from the new acquisitions in the next 12 months.
- Revenue recognition follows percentage-of-completion, with some projects highly advanced and others at various stages.
Marathon Nextgen Realty Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹114 Cr, net profit ₹46 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Marathon Nextgen Realty Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Marathon Nextgen Realty Ltd Q4 FY26 results?
Marathon Nextgen Realty has a strong ongoing and upcoming project pipeline, including six projects in Kanjurmarg with a combined GDV of INR 840+ crores, indicating steady future launches and sales. Marathon Nextgen Realty reported its highest-ever profit after tax of INR 206 crores for FY26, reflecting disciplined execution and operational efficiencies.
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?
INR 900 crores QIP raised in FY26; approx.
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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.