Marathon Nextgen Realty Limited has announced its Q3FY26 financial results, delivering record-breaking performance with the highest-ever nine-month PAT of ₹161 crore. The company's Board of Directors meeting held on February 13, 2026, approved the unaudited financial results for the third quarter and nine months ended December 31, 2025, along with strategic acquisitions totaling over ₹153 crores.

Record Financial Performance for Q3FY26

The company achieved exceptional financial results with strong growth across key metrics. The consolidated performance shows total revenues of ₹141 crore for Q3FY26 and ₹487 crore for nine months, with EBITDA reaching ₹39 crore and ₹200 crore respectively.

Strong Operational Performance Across Portfolios

The company demonstrated robust operational metrics with significant booking values and collections. The existing portfolio recorded area sales of 52,204 sq. ft. in Q3FY26 and 2,28,191 sq. ft. for nine months, while the post-merger portfolio showed enhanced performance with 61,754 sq. ft. and 2,93,970 sq. ft. respectively.

Strategic Acquisitions and Investments

The Board approved several strategic initiatives including the acquisition of 90% shareholding in Sunset Spaces Private Limited for ₹8.10 crores. The company also approved investments of ₹70.00 crores in Nexzone IT Infrastructure Private Limited and conversion of ₹75.00 crores unsecured loans of Nexzone Fiscal Services Private Limited into optionally convertible debentures.

Management Commentary and Project Updates

Chairman and Managing Director Mr. Chetan Shah highlighted the company's strong operational focus and timely delivery achievements. He emphasized the robust performance of the commercial portfolio, particularly Marathon Futurex in Lower Parel and Marathon Millennium in Mulund. The residential developments are progressing well with Monte South Tower A receiving Occupancy Certificate, while Neovalley and Neopark projects in Bhandup are advancing towards completion.

Financial Position and Outlook

The company maintains a strong balance sheet with a net debt-free position and positive net cash. Marathon Nextgen Realty hosted an earnings conference call on February 17, 2026, featuring key management including Chairman Mr. Chetan Shah, Vice Chairman Mr. Mayur Shah, and Directors Mr. Kaivalya C. Shah and Mr. Samyag M. Shah to discuss the results with investors and analysts.

Marathon NextGen Realty Limited, a prominent real estate developer in Mumbai, has reported its highest-ever quarterly profit after tax of INR 67.00 crores for Q2 FY26, marking a 35% year-on-year growth. The company's strong performance was supported by steady execution and robust operating discipline across its portfolio.

Financial Highlights

Operational Milestones

• Received part occupation certificate for Monte South Tower B in Byculla
• Obtained occupation certificate for NeoSquare in Bhandup
• Launched Phase 3 of Marathon Nexzone in Panvel, titled "Nirvana Collection"
• Introduced 2.2 lakh square feet of residential space under Neohomes portfolio in Bhandup

New Project Announcement

Marathon NextGen Realty has announced a significant new project, Monte South Commercial, in joint venture with Adani Realty. The project details include:

• Location: Byculla
• Development type: Grade A office and retail
• Estimated area: Approximately 7.5 lakh square feet
• Estimated Gross Development Value (GDV): INR 3,400.00 crores

Market Trends and Strategy

Mr. Chetan Shah, Chairman and Managing Director, highlighted the company's strategic positioning in high-potential micro markets:

"We have a robust and proven business model, a healthy balance sheet, and a substantial land bank of over 400 acres across high-potential micro markets like Panvel, Dombivli, and Bhandup. Our vision is to monetize these land parcels rapidly in the coming years through self-development and strategic partnerships."

The company is actively evaluating new project opportunities, supported by the recent QIP (Qualified Institutional Placement) of INR 900.00 crores. This positions Marathon NextGen well to participate in redevelopment, joint development, and other asset-light opportunities across Mumbai.

Infrastructure Development Impact

Mr. Kaivalya Shah, Director, emphasized the positive impact of infrastructure development on the company's projects:

"The government's infrastructure push, including projects like GMLR connecting Mulund to Goregaon, is dramatically changing the city. New suburbs are being created where real estate prices are increasing. For example, in Bhandup, where we have 130 acres, the GMLR project is boosting the area's potential."

Future Outlook

Marathon NextGen Realty remains optimistic about the future, citing strong demand across its residential and commercial portfolios. The company plans to leverage its land bank and strategic locations to capitalize on the growing infrastructure-led real estate opportunities in the Mumbai Metropolitan Region.

With a diversified project pipeline and a focus on execution, Marathon NextGen Realty is well-positioned to deliver sustained growth and create long-term value for its stakeholders in the evolving real estate market of Mumbai.