Max Estates Limited (MAXESTATES) 6 days ago

Key Highlights

Financial Performance

• Pre-sales bookings exceeded full-year guidance with INR 5300+ Crore in FY25, a 300% growth over FY24.
• Consolidated Revenue stood at INR 161 Crore in FY25.
• Consolidated EBITDA stood at INR 45 Crore in FY25.

Business Highlights

• Curated a well-diversified real estate portfolio of 17 mn sq. ft. across Delhi NCR.
• Residential Portfolio Update:
  • Estate 128, Noida has collected INR 628 Crore (~23% of total booking value) till date.
  • Estate 360, Gurugram recorded a pre-sales booking value of INR 4,428 Crore with ~ 92% of the project sold.
• Mixed Use Portfolio Update:
  • Received final approval for revival of the ‘Delhi One’ project in Sector 16B, Noida.
  • Acquired 10.33 acre of prime land in Sector 105 on Noida-Greater Noida Expressway for INR 711 Crore.
• Commercial Portfolio Update:
  • Max Towers, Noida and Max House – Phase I and II, Delhi continues to be leased at 100% occupancy.
  • Max Square has achieved a 99% occupancy within a year of launch.

Strategic Partnerships

• New York Life Insurance Company (NYL) has committed INR 550 Crore across its two projects - ‘Sector 105, Noida Project’ and ‘Delhi One Project’.

What This Means for You

• Max Estates' strong financial performance and business highlights indicate a promising future for the company.
• Investors should be cautious of the company's high debt levels and the risks associated with the real estate market.