Marathon Nextgen Realty Limited (NSE:MARATHON) submitted an investor presentation to BSE and NSE on 10 August 2026, disclosing unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended 30 June 2026), reporting total income of Rs 217 crore, EBITDA of Rs 66 crore, and PAT of Rs 52 crore.
Key Highlights
- Total income for Q1 FY27 stood at Rs 217 crore, with EBITDA of Rs 66 crore and profit after tax of Rs 52 crore on a consolidated basis.
- Collections for the quarter reached Rs 118 crore, while area sold was 0.38 lakh square feet.
- Full Occupancy Certificates were obtained for Cedar and Daffodil towers at Marathon Nexzone, enabling customer handovers and collections.
- The company disclosed two new project additions: a low-density residential redevelopment in Versova, Mumbai, with an estimated GDV of Rs 450 crore-plus, and a high-rise residential project in Sewri, Mumbai, with an estimated GDV of approximately Rs 450 crore.
About the Company
Marathon Nextgen Realty Limited (NSE:MARATHON), headquartered in Mumbai, is a real estate developer operating in the Infrastructure and Real Estate sector. The company develops residential and mixed-use projects primarily in Mumbai, with projects including Marathon Nexzone in Panvel and redevelopment schemes across city micro-markets. It is listed on both BSE (scrip code 503101) and NSE.
Announcement in Detail
The investor presentation, filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, covers the quarter ended 30 June 2026. Key financial metrics reported include total income of Rs 217 crore, EBITDA of Rs 66 crore, and PAT of Rs 52 crore. Collections for Q1 FY27 were Rs 118 crore, with area sold at 0.38 lakh square feet.
On the operational side, the company confirmed receipt of Full Occupancy Certificates for the Cedar and Daffodil towers at Marathon Nexzone, facilitating handovers to buyers. Two new project transactions were disclosed: a premium society redevelopment of approximately 1.5 acres in Versova, Mumbai, with an estimated gross development value of Rs 450 crore-plus, and a cluster redevelopment of approximately 7,500 square metres in Sewri, Mumbai, with an estimated GDV of around Rs 450 crore, comprising a high-rise residential tower with high-street retail.
Impact on Investors
The filing shows Q1 FY27 collections of Rs 118 crore and PAT of Rs 52 crore, which shareholders will observe reflects the contribution of completed towers at Marathon Nexzone now in the handover phase. The two newly disclosed projects carry a combined estimated GDV of approximately Rs 900 crore, though investors will note that GDV figures represent projected sales value and are subject to project execution, approvals, and market conditions as cautioned in the company's own forward-looking statement disclaimer.
The disclosed terms indicate that the Sewri project is positioned in the South Mumbai micro-market, described in the presentation as having enhanced connectivity. No consideration structure or land cost for either acquisition was disclosed in this filing, so investors should review subsequent filings for those details.
Sector / Market Context
Mumbai's residential real estate market has seen sustained redevelopment activity, with the Maharashtra government's cluster redevelopment and slum rehabilitation policies encouraging higher floor-space-index utilisation. Industry body data from CREDAI and JLL has noted increased housing registrations in the Mumbai Metropolitan Region in recent quarters, providing a backdrop for urban infill and society redevelopment projects of the type announced by the company.