Max Estates Ltd
Max Estates Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 3 strong
Not discussed on this call: margin, order book.
The short version
Max Estates remains extremely optimistic and confident about achieving robust sales growth, backed by a diversified product mix and strong brand pull. Max Estates projects an embedded PBT (profit before tax) range of Rs.
From Max Estates Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Max Estates remains extremely optimistic and confident about achieving robust sales growth, backed by a diversified product mix and strong brand pull.
- The company has a launch pipeline of approximately Rs. 16,000 crores GDV planned for FY '27 and beyond, with about Rs. 5,000-Rs. 5,500 crores of launches expected in the second half of FY '27.
- New launches span key projects such as Estate 361 Phase-2, Estate 105 Phase-2, and Sector 59, contributing equi-distributably to pre-sales.
- Approximately 50% of recent sales came from sustenance inventory and 50% from new launches, indicating healthy ongoing demand.
- Collections are on track with guidance of Rs. 2,500-Rs. 2,700 crores for FY '27, supporting construction funding without additional debt.
- The company avoids issuing formal sales guidance due to current macroeconomic volatility but emphasizes quality and sustainability in sales.
- The residential launch pipeline aims for a yearly addition of 2 million sq. ft. of development.
Profitability & Margins
See what Max Estates Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Remaining CAPEX on commercial assets is estimated at Rs. 1,500-Rs. 1,800 crores, fully tied up with financial closure achieved including equity and sanctioned debt from leading banks.
- Construction finance drawn for commercial projects (Max Square 2, Max District, Max One) is increasing debt but supports ongoing construction spend.
- Project deployment planned at Rs. 1,500-Rs. 1,800 crores for FY '27, with operating cash flow of Rs. 750-Rs.1,000 crores available for business development efforts.
- Focus continues on business development within NCR and larger region, with active pursuit of opportunities in key geographies like Ghaziabad.
- No fixed fee for Antara's senior living projects; fees and revenue share are dynamic commercial transactions based on market conditions.
- Plans for new commercial real estate addition of approximately 1 million square feet annually, over and above Rs. 700 crores annuity guidance from existing under-construction projects.
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 Max Estates Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Max Estates has a launch pipeline with approximately Rs. 16,000 crores of GDV planned for FY '27.
- Around Rs. 5,000 to Rs. 5,500 crores of new project launches are expected in the second half of FY '27.
- There remains Rs. 3,000 to Rs. 4,000 crores of existing launched inventory available for sale.
- For the commercial portfolio, Max Estates plans to add 1 million square feet of new business development annually, over and above the existing Rs. 700 crores annuity guidance.
- Remaining CAPEX for commercial projects stands at Rs. 1,500 to Rs. 1,800 crores, fully tied up through equity and debt.
- The company is actively pursuing business development opportunities in key NCR markets including Gurgaon, Delhi, Noida, and Ghaziabad, with optimism on deal closures but no finalized pending orders disclosed yet.
Max Estates Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹49 Cr, net loss ₹4 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Max Estates Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Max Estates Ltd Q1 FY27 results?
Max Estates remains extremely optimistic and confident about achieving robust sales growth, backed by a diversified product mix and strong brand pull. Max Estates projects an embedded PBT (profit before tax) range of Rs.
What is Max Estates Ltd share price analysis?
Max Estates Ltd currently shows a below-average growth signal. The stock trades at a P/E of 1378.9 with a market cap of ₹8,094 Cr. Investors should review the full earnings analysis for detailed insights.
Is Max Estates Ltd planning capital expenditure?
Remaining CAPEX on commercial assets is estimated at Rs.
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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.