Marathon NextGen Realty , a prominent player in Mumbai's real estate market, has reported strong financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

The company's total income grew by 10% year-on-year to ₹191.00 crores, while EBITDA expanded by 27% to ₹81.00 crores. Notably, profit after tax (PAT) surged by 63% to ₹62.00 crores, significantly outpacing industry growth and reflecting the company's focus on high-margin projects.

Operational Performance

Marathon NextGen Realty's operational metrics also showed robust growth:

• Area sold increased by 7% year-over-year
• Pre-sales value jumped 16% to ₹183.00 crores
• Collections surged 28% to ₹239.00 crores

These figures underscore the continued market demand for Marathon's projects and highlight the company's consistent execution capabilities.

Strategic Developments

A key highlight of the quarter was the successful completion of a Qualified Institutional Placement (QIP), raising ₹900.00 crores. The funds have been strategically deployed, with ₹340.00 crores used for debt repayment in July, resulting in a zero debt-to-equity ratio and expected quarterly interest savings of ₹10.00 crores.

Project Updates

The company received occupation certificates for three towers at its Nexzone Panvel project, accelerating revenue recognition. Marathon NextGen Realty maintains leading positions across key micro-markets:

• Monte South in Byculla ranks among the top 3 projects in both supply and sales volume
• Marathon Nexzone holds a top 3 position in Panvel
• NeoHomes in Bhandup is among the top 3 by market supply

Future Outlook

Marathon NextGen Realty has a strong pipeline of upcoming launches, totaling approximately 15 lakh sq ft with a Gross Development Value (GDV) of ₹4,500.00 crores over the next 2-3 quarters. Key projects include:

• Monte South commercial project: ~8 lakh sq ft with a GDV of ~₹3,500.00 crores
• Nexzone Phase 3 in Panvel: ~4 lakh sq ft with a GDV of ~₹500.00 crores
• Two projects in Bhandup: ~3 lakh sq ft with a combined GDV of ~₹500.00 crores

The company has earmarked ₹300.00 crores for land development and project acquisitions, focusing on redevelopment in South Mumbai.

Management Commentary

Chetan Shah, Chairman and Managing Director of Marathon NextGen Realty, expressed confidence in the company's growth trajectory, stating, "Q1 has established a solid foundation, with accelerated execution, stronger financials, and enhanced market positioning. We are confident that this will be a year of strong performance and sustainable growth for Marathon NextGen."

The company's management attributes the positive momentum to favorable industry dynamics in the Mumbai Metropolitan region, including demographic trends, ongoing urbanization, and improved infrastructure connectivity.

With its strengthened balance sheet, diverse portfolio across market segments, and robust land pipeline, Marathon NextGen Realty appears well-positioned to capitalize on the positive industry outlook and continue its growth trajectory in the coming quarters.

Marathon NextGen Realty , a prominent Mumbai-based real estate developer, has reported a robust financial performance for the quarter. The company's results showcase significant growth and strategic financial moves that position it for future expansion.

Strong Financial Performance

Marathon NextGen Realty posted a remarkable 63% year-on-year increase in Profit After Tax (PAT), reaching ₹62.00 crore for the quarter. The company's revenue stood at ₹191.00 crore, while EBITDA rose by 27% year-on-year to ₹81.00 crore. Profit Before Tax (PBT) also saw substantial growth, increasing by 55% to ₹68.00 crore.

Chetan Shah, Chairman and Managing Director of Marathon NextGen Realty, attributed this performance to the company's "sharp operational focus and disciplined cost management across its portfolio."

Successful Qualified Institutional Placement

A significant highlight was the successful completion of a ₹900.00 crore Qualified Institutional Placement (QIP). This capital raise attracted strong participation from both domestic and international institutional investors, reflecting growing confidence in the company's vision and strategy.

Strategic Allocation of Funds

Marathon NextGen Realty has already begun utilizing the funds raised through the QIP:

• ₹340.00 crore has been used for debt repayment, bringing the company to a net cash positive position for the first time.
• ₹160.00 crore is being allocated towards accelerating construction across ongoing projects.
• ₹300.00 crore has been earmarked for new asset-light development opportunities.

Operational Highlights

The company reported solid operational metrics:

Future Outlook

With active projects across Lower Parel, Byculla, Mulund, and strategic land banks in Bhandup, Dombivli, and Panvel, Marathon NextGen Realty is well-positioned for future growth. The company's focus on timely delivery and expertise in Mumbai real estate continues to be key drivers of its success.

Chetan Shah expressed enthusiasm about the company's performance and future prospects, stating, "We're extremely proud of our performance this quarter—not just the strong financials, but the strategic strides we've made. With a robust land bank, a reputation for timely delivery, and deep-rooted expertise in Mumbai real estate, we're well-placed for the next phase of growth."

As Marathon NextGen Realty moves forward with a strengthened balance sheet and strategic growth plans, it aims to continue delivering long-term value to both homebuyers and investors in the dynamic Mumbai real estate market.