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.

Marathon NextGen Realty Ltd. has announced strong financial results for Q2 FY26 and unveiled a significant expansion of its residential portfolio in Bhandup, Mumbai, with the launch of three new residential towers.

Q2 FY26 Financial Highlights

• Total revenues: ₹155.00 crores
• EBITDA: ₹80.00 crores (51.61% margin)
• Profit after tax: ₹67.00 crores (43.23% margin)
• Area sold: 65,845 sq.ft.
• Booking value: ₹166.00 crores
• Collections: ₹191.00 crores

The company successfully raised ₹900.00 crores through a Qualified Institutional Placement (QIP), achieving a net cash position post-QIP and significantly strengthening its balance sheet.

New Bhandup Project Details

The new launch in Bhandup encompasses three key components:

The new residential project within the 6.5-acre Neo Park layout spans 5,100 sq.mt. of land, contributing significantly to the overall development.

Neohomes: Catering to Urban Lifestyles

These new towers fall under Marathon's Neohomes category, designed to meet the needs of modern urban dwellers. The Neohomes concept offers:

• Thoughtfully crafted apartments
• Fitness centre
• Rooftop garden
• Children's play area
• 24x7 security

Ongoing and Upcoming Projects

Marathon has ongoing projects across key locations including:

• Monte South in Byculla
• Nexzone in Panvel
• Neo series projects in Bhandup

The company announced upcoming launches including:

• Monte South Commercial (7.50 lakh sq.ft.)
• Nexzone Phase III (4.90 lakh sq.ft.)
• Marathon Neo Series (15.82 lakh sq.ft.)

Strategic Amalgamation

A board-approved amalgamation arrangement is designed to streamline corporate structure, with the merged entity having 418 acres of land and developable area potential of 4.20 crore sq.ft.

Track Record and Market Position

Marathon has already established a strong presence in Bhandup, having delivered over 700 Neohomes in the area. The company's consistent track record is evidenced by:

• Neosquare project receiving its Occupancy Certificate
• The next phase nearing completion

Bhandup: An Emerging Residential Hub

Bhandup's appeal as a residential destination is growing, supported by:

• Robust connectivity
• Infrastructure upgrades (e.g., Goregaon–Mulund Link Road)
• Upcoming Shangrila Metro Station
• Growing ecosystem of educational institutions, retail, healthcare, and commercial spaces

Management Commentary

Kaivalya Shah, Director of Marathon NextGen Realty Limited, commented on the launch: "We are excited to launch another project in Bhandup — a location that has been integral to Marathon's growth journey. Over the years, the area has transformed into one of Mumbai's most promising residential destinations, driven by connectivity upgrades and lifestyle infrastructure. The Neo Park development perfectly aligns with this growth story, offering a combination of smart design, trusted execution, and long-term value."

This new launch not only strengthens Marathon's portfolio in the Bhandup micro-market but also reaffirms the company's commitment to delivering modern, high-quality housing at scale. As the real estate market in Mumbai continues to evolve, Marathon NextGen Realty appears well-positioned to capitalize on the growing demand for quality residential spaces in emerging localities.