Max Estates Limited , a prominent player in the Indian real estate sector, has reported a robust 24% year-on-year growth in consolidated revenue, reaching INR 100 crores for the first half of FY26. The company's strong performance is underpinned by its strategic focus on premium residential and commercial properties in the National Capital Region (NCR).

Financial Highlights

• Consolidated revenue: INR 100.00 crores (H1 FY26), up 24% year-on-year
• EBITDA: INR 24.00 crores
• Profit Before Tax: INR 29.00 crores
• Profit After Tax: INR 20.00 crores

Operational Performance

Max Estates has achieved 100% occupancy across all its operational commercial assets, demonstrating the strong demand for high-quality office spaces. The company's lease rental income saw a significant 41% year-on-year increase, reaching INR 76.00 crores in H1 FY26.

Residential Project Success

The company has recorded impressive cumulative presales of over INR 7,500.00 crores to date:

Both projects are progressing as per schedule, with Estate 128's Phase 1 tower slabs advancing and Estate 360's raft and basement works substantially complete.

Upcoming Project Launches

Max Estates has announced plans to launch three significant projects in the second half of FY26, with a combined Gross Development Value (GDV) of INR 9,500.00 crores:

These launches are expected to drive presales of approximately INR 6,000.00-6,500.00 crores in FY26, representing a 15-20% growth over the previous financial year.

Recent Acquisition

The company has secured development rights for a 7.25-acre parcel in Sector 59, Golf Course Extension Road, Gurgaon. This acquisition is anticipated to have a GDV exceeding INR 3,000.00 crores, further strengthening Max Estates' position in the luxury residential market.

ESG Recognition

Max Estates has achieved a dual 5-star rating in the development and standing investment categories of GRESB (Global Real Estate Sustainability Benchmark). This places the company among the top 20% of real estate entities globally in terms of ESG practices.

Financial Position

As of September 30, 2025, Max Estates maintains a strong financial position:

• Cash and cash equivalents: INR 1,900.00 crores
• Borrowings: INR 1,550.00 crores
• Net cash balance: INR 350.00 crores

Future Outlook

With its strategic project launches, strong presales performance, and focus on premium properties, Max Estates is well-positioned for continued growth in the NCR real estate market. The company's commitment to sustainability and quality continues to attract both residential buyers and commercial tenants, setting a solid foundation for future success.

Investors and market watchers will be keenly observing Max Estates' execution of its ambitious launch plans and its ability to maintain the strong sales momentum in the coming quarters.

Max Estates Limited , a prominent player in the Indian real estate sector, has announced ambitious growth plans alongside its robust financial results for the second quarter. The company has set its sights on launching projects worth ₹9,500 crore in FY26, supported by an aggressive acquisition strategy.

Financial Performance

For Q2, Max Estates reported:

• Consolidated revenue of ₹487.73 crore, up from ₹401.78 crore in Q2 of the previous fiscal year
• Profit after tax of ₹78.14 crore, compared to a loss of ₹13.82 crore in the same quarter last year
• EBITDA of ₹101.00 crore, with an EBITDA margin of 20.70%

Expansion Plans

The company has outlined an ambitious roadmap for growth:

• Residential pre-sales target of ₹6,000-₹6,500 crore for FY26
• Projected growth to ₹14,500-₹15,000 crore in residential pre-sales by FY28
• Acquisition of land parcels to support future development

Key Developments

1. Land Acquisition: Max Estates has secured development rights for a 7.25-acre prime land parcel in Sector 59, Gurugram, with a potential gross development value exceeding ₹3,000 crore.

2. Project Pipeline: The company is actively expanding its footprint in the NCR region, with several projects in various stages of development.

3. Strategic Partnerships: Continued collaboration with New York Life Insurance Company for investments in key projects.

Management Commentary

Sahil Vachani, Vice Chairman & Managing Director of Max Estates, stated, "Our strong Q2 results and ambitious FY26 targets reflect our confidence in the market and our execution capabilities. We are strategically positioned to capitalize on the growing demand for high-quality real estate in the NCR region."

Market Outlook

The company's aggressive growth plans come amid a positive outlook for the Indian real estate sector, particularly in the luxury and mid-premium segments. Max Estates' focus on the NCR region aligns with the increasing demand for quality residential and commercial spaces in this high-growth market.

Conclusion

Max Estates' combination of strong financial performance and ambitious growth plans positions the company as a key player to watch in the Indian real estate market. As the company moves forward with its expansion strategy, investors and industry observers will be keenly watching its execution and market impact in the coming quarters.