Max Estates earnings calls.

Max Estates reported strong Q3 FY26 momentum with the launch of Estate 361 in Gurgaon achieving ₹1,900 croreCurrent ₹1,900 crore. Reported change: 60% sellout of launch. pre-sales (60% sellout of ₹2,500 crore GDV launch), driven by 66-70% end-user demand with customers visiting the experience center 5-6 times before purchase. The company secured a ₹270 croreCurrent ₹270 crore. Reported change: +35% vs micromarket. commercial lease at Max District Gurgaon at a 35% premiumCurrent reported value: 35% premium. No comparable prior figure is available in the source record. to micro-market rentals, pre-leased 2.5 years before completion. For 9M FY26, consolidated revenue stood at ₹150 croreCurrent reported value: ₹150 crore. No comparable prior figure is available in the source record. with lease rental income growing 38% YoYCurrent reported value: 38% YoY. No comparable prior figure is available in the source record. to ₹115 crCurrent ₹115 Cr. Reported change: +38% YoY.ore. Post-launch, the company has a launch pipeline with GDV potential of ₹14,500 croreCurrent ₹14,500 crore. Reported change: Post Estate 361 Phase 1.. The new Golf Course Extension land acquisition (₹3,000 crore GDV) and upcoming NOA launches (₹4,000-5,000 crore GDV) position the company to meet FY26 pre-sales guidance of ₹5,000-6,000 crore. Operating margins, adjusted for marketing costs, exceeded 25%. The primary risk remains market-dependent Q4 launches in a competitive NCR residential market with pending regulatory approvals for the Delhi land pooling project.