Max Estates Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹49Cr
- +24.3% YoY
- −0.7% QoQ
- Net profit
- −₹4Cr
- Q4 FY25: ₹14 Cr
- Margin
- −6.47%
- −29.2 pp YoY
- −12.4 pp QoQ
Guidance rank: #12 of 43 in Realty
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Max Estates Ltd Q4 FY26 key numbers
- Revenue
- Project deployment anticipated between INR 1,500 crores to INR 1,800 crores, resulting in positive operating cash flow.
As stated in Max Estates Ltd's Q4 FY26 earnings call transcript · published 13 Jun 2026. Reported figures, not investment advice.
The short version
Max Estates aims to add approximately 2 million sq.ft of residential development and 1 million sq.ft of commercial space annually. Max Estates reported an embedded future revenue from launch projects of INR16,310 crores, with INR12,500 crores already sold and locked in, translating to an estimated PBT of INR4,200 - 4,900 crores, indicating strong future earnings visibility.
From Max Estates Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Max Estates aims to add approximately 2 million sq.ft of residential development and 1 million sq.ft of commercial space annually.
- Expect collections in FY27 ranging between INR 2,500 crores to INR 3,000 crores.
- Project deployment anticipated between INR 1,500 crores to INR 1,800 crores, resulting in positive operating cash flow.
- Future reported revenue largely derisked as INR 12,500 crores of sales are already contracted from launch projects.
- The pipeline includes large projects like The Terraces (INR 1,200 crores GDV), Sector 59 (INR 3,900 crores GDV), and Estate 105 Phase 2 planned for FY28.
2 more points from Max Estates Ltd's call on revenue
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Profitability & Margins
Max Estates reported an embedded future revenue from launch projects of INR16,310 crores, with INR12,500…
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Capital Expenditure Plans
- Max Estates aims to add approximately 2 million square feet of residential and 1 million square feet of commercial space annually as part of its business development targets for FY27 and FY28.
- The company continues to explore opportunities both for outright acquisitions and joint developments.
- They plan phased launches including Estate 59 (potential GDV ~INR3,900 crores) expected in Q3 FY27, alongside ongoing phases of Estate 361 and other projects such as Max One and Estate 105.
- Max Estates prioritizes acquiring fresh land only through internal accruals, avoiding debt-funded land acquisitions.
2 more points from Max Estates Ltd's call on capex
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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
Max Estates is maintaining a strong and de-risked balance sheet with net debt of about INR100 crores as of…
Locked: what Max Estates Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- Total revenue from launch projects yet to be recognized stands at INR16,310 crores.
- Of this, INR12,500 crores is already sold, contracted, and locked in, awaiting project completion for revenue recognition.
- Embedded profit before tax (PBT) from these launch projects is estimated between INR4,200 crores to INR4,900 crores.
- Residential pipeline stands at over INR17,200 crores.
- Upcoming launches include:
- The Terraces (INR1,200 crores GDV) launched in May 2026.
- Sector 59 project on Golf Course Extension, Gurgaon, with estimated GDV of INR3,900 crores planned for Q3 FY27.
2 more points from Max Estates Ltd's call on order book
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What the Q4 FY26 call signalled
2 of 4 strong
Max Estates Ltd — Quarterly revenue & net profit
Max Estates Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 49 | 40 | +24.3% | 50 | -0.7% |
| Operating profit (EBITDA) | -3 | 9 | -135.3% | 3 | -209.2% |
| Operating margin | -6.47% | 22.78% | -29.2 pp | 5.89% | -12.4 pp |
| Profit before tax | -6 | 21 | -129% | 1 | -742.7% |
| Net profit (PAT) | -4 | 14 | -129.2% | 0 | -20500% |
| EPS (₹) | -0.31 | 1.08 | -128.7% | -0.07 | — |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹53 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Max Estates's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Max Estates Ltd Q4 FY26 results?
Max Estates aims to add approximately 2 million sq.ft of residential development and 1 million sq.ft of commercial space annually. Max Estates reported an embedded future revenue from launch projects of INR16,310 crores, with INR12,500 crores already sold and locked in, translating to an estimated PBT of INR4,200 - 4,900 crores, indicating strong future earnings visibility.
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 1231.5 with a market cap of ₹7,229 Cr. Investors should review the full earnings analysis for detailed insights.
Is Max Estates Ltd planning capital expenditure?
Max Estates aims to add approximately 2 million square feet of residential and 1 million square feet of commercial space annually as part of its business development targets for FY27 and FY28.
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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.