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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹125 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Marathon Nextgen reported its highest-ever 9-month PAT of 161 cr, driven by strong commercial portfolio performance and steady residential contributions. Revenue for 9M FY26 stood at 487 cr (post-merger basis). Area sales reached 2.46 lakh sq ft, booking value 628 cr, and collections 798 cr. 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% 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.
Colored figures show movement against the previous available record.
Guidance to track
- Launch of 4.9 lakh sq ft premium towers in Panvel with gross development value of about 600 cr.
- New launches in Bandup with gross development value of around 170 cr.
- Anticipated pre-sales of around 400 cr from Future X, Monte South, and other projects in FY27.
- Amalgamation process expected to complete in next 9 months, adding ~400 acres of land.
Risks flagged
- Despite having a dedicated team, no definitive redevelopment agreements have been announced, raising concerns about execution pace.
- The merger process is subject to SEBI and NCLT approvals, with potential delays beyond the guided 9 months.
- Company remains focused solely on MMR, exposing it to region-specific regulatory or demand shocks.
Key quotes
- We have delivered a strong performance in 9 months FY26 reporting our highest ever 9 month profit after tax of 161 cr.
- We are MMR focused company and we intend to largely focus in MMR we don't have immediate intention of going to other towns.
- We have already a team specifically for redevelopment projects. We have team of 12 people that are working on it.
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