Max India Ltd
Max India Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Max India targets developing 1.5 million square feet in residences annually, with efforts to recoup setbacks and explore new geographies. The company is currently on a growth curve but refrains from making explicit forward-looking profit or earnings guidance.
From Max India Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Max India targets developing 1.5 million square feet in residences annually, with efforts to recoup setbacks and explore new geographies.
- Care Homes occupancy expected to rise steadily, with mature homes achieving 65%-75% occupancy and positive double-digit EBITDA margins.
- Care at Home business to grow strategically at 20%-30% year-on-year, focusing on profitability rather than scale.
- AGEasy business shows strong growth, with a current monthly run rate of INR 7-8 crores, aiming for breakeven by late FY '27 or early FY '28.
- Marketing strategies and channels are continuously refined to improve Return on Advertising Spend (RoAS), currently around 2.9-4 on marketplaces.
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Profitability & Margins
Read what Max India Ltd said on margins in the Q2 FY26 call
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Capital Expenditure Plans
- INR 100 crores allocated for Antara Assisted Care, with INR 24 crores utilized as of September 2025.
- INR 21 crores earmarked for general expenses and INR 3 crores for rights issue expenses.
- Raised INR 80 crores through preferential issue of convertible warrants, with INR 40 crores received; primarily to be used for residence vertical including existing and future projects.
- Commitment to develop 1.5 million square feet of residential business annually.
- Focus on scaling Assisted Care to target 500 beds operational by November 2025 and expand over next 4 years.
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Top-ranked in Finance
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 India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company is committed to developing 1.5 million square feet of residential business every year.
- Currently, due to Chandigarh-related delays, the company is behind its target; it has about 0.75 million sq ft in Estate360, 1.1 million sq ft in Estate361, and 0.4 million sq ft in Noida Phase 2.
- Estate361 was ready for signing and had engaged many consultants; the project is ready for possession awaiting Supreme Court approval.
- The company has paid all dues to the Noida Authority and cleared construction obligations.
- They are aggressively seeking alternatives and exploring new geographies to maintain the 1.5 million sq ft annual development objective.
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Max India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹66 Cr, net loss ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Max India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Max India Ltd Q2 FY26 results?
Max India targets developing 1.5 million square feet in residences annually, with efforts to recoup setbacks and explore new geographies. The company is currently on a growth curve but refrains from making explicit forward-looking profit or earnings guidance.
What is Max India Ltd share price analysis?
Max India Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹905 Cr. Investors should review the full earnings analysis for detailed insights.
Is Max India Ltd planning capital expenditure?
INR 100 crores allocated for Antara Assisted Care, with INR 24 crores utilized as of September 2025.
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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.