Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Max Estates Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 23.31 | 18.28 | 20.49 | 24.17 | 30.01 | 40.49 | 40.18 | 40.04 | 39.78 | 51.47 | 48.77 | 49.77 | 49.43 |
| Expenses + | 15.71 | 15.13 | 19.92 | 17.90 | 22.20 | 25.26 | 31.64 | 28.47 | 30.72 | 37.56 | 38.68 | 46.84 | 52.63 |
| Operating Profit | 7.60 | 3.15 | 0.57 | 6.27 | 7.81 | 15.23 | 8.54 | 11.57 | 9.06 | 13.91 | 10.09 | 2.93 | -3.20 |
| OPM % | 32.60% | 17.23% | 2.78% | 25.94% | 26.02% | 37.61% | 21.25% | 28.90% | 22.78% | 27.03% | 20.69% | 5.89% | -6.47% |
| Other Income + | 5.41 | -39.28 | 7.29 | 6.30 | 8.55 | 7.21 | 12.60 | 31.85 | 37.52 | 28.66 | 25.86 | 21.68 | 21.15 |
| Interest | 5.10 | 4.38 | 10.52 | 13.88 | 14.21 | 16.55 | 13.94 | 14.83 | 16.55 | 17.32 | 16.28 | 15.63 | 16.19 |
| Depreciation | 3.72 | 3.69 | 6.37 | 6.89 | 8.45 | 8.77 | 8.41 | 8.16 | 8.76 | 8.41 | 8.04 | 8.02 | 7.93 |
| Profit before tax | 4.19 | -44.20 | -9.03 | -8.20 | -6.30 | -2.88 | -1.21 | 20.43 | 21.27 | 16.84 | 11.63 | 0.96 | -6.17 |
| Tax % | -9.79% | -13.19% | -49.94% | -8.41% | -24.92% | -30.56% | 14.05% | 22.61% | 34.23% | 29.10% | 32.85% | 96.88% | -33.87% |
| Net Profit + | 4.60 | -38.37 | -4.51 | -7.51 | -4.73 | -2.00 | -1.38 | 15.82 | 13.99 | 11.94 | 7.82 | 0.02 | -4.08 |
| EPS in Rs | 0.01 | -0.21 | -0.10 | 0.11 | 0.13 | 1.23 | 1.08 | 0.71 | 0.45 | -0.07 | -0.31 |
Financials of Max Estates Ltd
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 69 | 107 | 93 | 160 | 199 |
| Expenses + | 39 | 76 | 75 | 116 | 176 |
| Operating Profit | 31 | 32 | 18 | 44 | 24 |
| OPM % | 44% | 30% | 19% | 28% | 12% |
| Other Income + | 5 | 24 | -17 | 89 | 97 |
| Interest | 16 | 19 | 43 | 62 | 65 |
| Depreciation | 11 | 15 | 25 | 34 | 32 |
| Profit before tax | 8 | 22 | -68 | 38 | 23 |
| Tax % | 42% | 16% | -19% | 30% | 33% |
| Net Profit + | 5 | 18 | -55 | 26 | 16 |
| EPS in Rs | -2.87 | 2.53 | 0.77 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Max Estates Ltd
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 78 | 0.00 | 147 | 161 | 163 |
| Reserves | 531 | 1,211 | 1,024 | 2,117 | 2,256 |
| Borrowings + | 315 | 862 | 999 | 1,656 | 2,412 |
| Other Liabilities + | 101 | 144 | 924 | 3,295 | 7,605 |
| Total Liabilities | 1,025 | 2,216 | 3,094 | 7,229 | 12,437 |
| Fixed Assets + | 898 | 1,427 | 1,826 | 2,047 | 2,523 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 160 | 93 | 587 | 385 |
| Other Assets + | 114 | 629 | 1,175 | 4,596 | 9,529 |
| Total Assets | 1,025 | 2,216 | 3,094 | 7,229 | 12,437 |
Financials of Max Estates Ltd
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 41 | -456 | 271 | 225 | -616 |
| Cash from Investing Activity + | -121 | -52 | -292 | -1,993 | -291 |
| Cash from Financing Activity + | 78 | 521 | 234 | 1,766 | 879 |
| Net Cash Flow | -2 | 13 | 213 | -2 | -28 |
| Free Cash Flow | -88 | -979 | -50 | -452 | -696 |
| CFO/OP | 147% | -1,339% | 1,559% | 669% | -2,356% |
Financials of Max Estates Ltd
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 10 | 20 | 31 | 33 | 22 |
| Inventory Days | 271 | 6,553 | |||
| Days Payable | 197 | 458 | |||
| Cash Conversion Cycle | 85 | 6,115 | 31 | 33 | 22 |
| Working Capital Days | -105 | 993 | -8 | 1,013 | 5,732 |
| ROCE % | 2% | 0% | 3% | 2% |