Marathon Nextgen Realty Ltd

- Marathon Nextgen Realty Limited has an enabling resolution to raise funds up to INR 500 crores. - Fundraising may be done through Qualified Institutional Placement (QIP) or other possible options. - The company is exploring all possibilities regarding the timing and amount of the fundraise. - Expected use of funds includes: - Repaying some debt, - Acquiring new assets, - Funding new project acquisitions. - Potential equity dilution from the fundraise could be around 15%, based on a market cap of INR 3,000 crores. - There is no fixed timeline for the fundraising; the company aims to complete it as soon as possible. - The fundraise will be followed by a merger process involving assets from unlisted entities into the listed company.

- Marathon Nextgen Realty Limited is focusing on launching new projects over the next four quarters, including: - Bhandup: ~1.5 lakh sq ft carpet area - Monte South: ~2 lakh sq ft carpet area (including commercial phase planned in next 3-4 quarters) - Nexzone Panvel: ~2.5 lakh sq ft carpet area - The company is progressing construction rapidly at Monte South and Nexzone, with Tower A completed (65 floors OC) and Tower B at 45 floors under construction. - An enabling resolution is in place to raise up to INR 500 crores through QIP or other routes, with proceeds planned for: - Repayment of debt - Acquisition of new assets and projects (including future SRA projects) - Fundraising expected to lead to approx. 15% equity dilution, subject to timing/amount. - Merger of some private company assets/projects into the listed entity is in process to streamline operations. - Continued focus on profitable, luxury, and mid-segment real estate projects with strategic location advantages (like proximity to airport and infrastructure).

- Marathon Nextgen Realty Limited expects strong growth in the coming years with a target of at least 20% annual growth. - Historically, the company has grown at 30-35%, and this robust growth trend is expected to continue. - They anticipate booking value to grow at a CAGR of around 25-30% over the next three years. - The company is focusing on disciplined and dynamic growth backed by high-quality projects in strategic locations. - Launch pipeline includes around 5.8 lakh square feet of carpet area over the next four quarters across Bhandup, Monte South, and Nexzone projects. - Pricing power remains strong, with expected price hikes at about 5% year-on-year without hampering sales. - Market demand across key areas like Panvel, Bhandup, and Mulund is strong, supporting volume growth.

- Marathon Nextgen Realty Limited expects strong growth to continue with annual growth rates of around 20% and historically achieving 30-35% growth. - Booking value is projected to grow at a CAGR of about 25-30% over the next three years. - The company aims to maintain robust revenue and profitability supported by premium projects like Monte South and growing demand in locations such as Panvel and Bhandup. - Focus on delivering high-quality, timely projects and tapping into attractive micro-markets is expected to bolster earnings. - The strategic mix of luxury, mid-segment, and affordable housing supports resilient sales even during downturns, aiding profit stability and growth. - Efforts to raise funds (INR 500 crores QIP) and reduce net debt should further strengthen financials and profitability. - Price hikes of around 5% year-on-year are expected without hampering sales volume, contributing to margin improvement.

- Total estimated revenue from unsold inventory stands at INR 1,566 crores as of Q1 FY25. - Net surplus cash flow from ongoing projects is INR 1,457 crores. - Pre-sales booking value from Monte South in Q1 FY25 is approximately INR 121 crores. - Launch pipeline in the next four quarters includes around 5.8 lakh square feet of carpet area, expected to generate roughly INR 1,300 crores in booking value. - Commercial projects like Marathon Futurex and Millennium have significant unsold inventory, with ongoing monetization strategies. - Future commercial launches planned, notably in Monte South, expected to offer about 7 lakh square feet of carpet area in the next 3-4 quarters. - Projects being developed at a rapid pace with recent OCs obtained, enhancing saleability and bookings.