Max Estates Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Max Estates reported Q1 FY'27 pre-sales of approximately Rs. 1,100 crores, a 5x year-on-year increase, driven by the sellout of Phase-1 of the Terraces at Estate 361 and sustenance sales across the existing portfolio. Consolidated revenue for the quarter stood at Rs. 52 crores, EBITDA at Rs. 8 crores, and PAT at Rs. 8 crores, while all three operating commercial assets remained at 100% occupancy. Management also disclosed that ICRA assigned the company a first-time issuer rating of A+ with a stable outlook, and outlined a residential launch pipeline of approximately Rs. 16,100 crores.
Max Estates reported FY26 presales of INR5,305 crores, marking the second consecutive year of crossing the INR5,000 crores milestone, with Q4 FY26 alone contributing INR3,300 crores driven by launches of Estate 105 and Max One. Consolidated FY26 revenue stood at INR200 crores with EBITDA of INR24 crores and PBT of INR23 crores, while collections rose 61% year-on-year to INR1,578 crores. Management described the Delhi NCR residential market as having moderated over the last six months amid global uncertainties, while commercial assets continued to operate at 100% occupancy.