Marathon Nextgen Realty

Marathon Nextgen reported its highest-ever 9-month PAT of 161 crCurrent reported value: 161 cr. No comparable prior figure is available in the source record., driven by strong commercial portfolio performance and steady residential contributions. Revenue for 9M FY26 stood at 487 crCurrent reported value: 487 cr. No comparable prior figure is available in the source record. (post-merger basis). Area sales reached 2.46 lakh sq ftCurrent 2.46 lakh sq ft. Reported change: +36.7% YoY., booking value 628 crCurrent 628 cr. Reported change: +49.2% YoY., and collections 798 crCurrent 798 cr. Reported change: +38.1% YoY.. The company remains net debt-free with only ~25 cr in equipment loans. Management highlighted robust demand across segments, with commercial asset Future X seeing ~10%Current ~10%. Reported change: +10% YoY. realization growth YoY. Key launches include Phase 3 of Next Zone in Panvel (GDV ~600 cr) and Bandup Neo series (GDV ~170 cr). The merger process is progressing, expected to add ~400 acres of land. Risk: Redevelopment pipeline conversion remains slow, with no definitive agreements announced despite a dedicated team.