Marathon Nextgen Realty: FY24 Quarterly Results Analysis
Marathon Nextgen Realty announced its Q4FY24 and FY24 results
Real EstateMumbaiMarathon Nextgen RealtyIcici SecuritiesQuarterly ResultsReal Estate MumbaiMay 29, 2024
For FY24, the company reported a net revenue of Rs 705 crore, compared to Rs 717 crore in FY23. The EBITDA stood at Rs 309 crore, up from Rs 293 crore in FY23. The PBT was Rs 180 crore, compared to Rs 156 crore in FY23, and the PAT was Rs 169 crore, up from Rs 124 crore in FY23.
Commenting on the company's performance, Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said, \The performance during the quarter was slightly muted on the revenue front due to lower offtake in the commercial segment. However, we continued to make significant progress on the margin front on the back of our ongoing cost initiatives and increase in prices. We delivered robust performance for the full year which underscores our strategic agility as we navigate the dynamic real estate market across various regions of Mumbai.\
The company had also announced its Q1FY24 results earlier, which showcased a strong performance with net revenues standing at Rs 210 crore, up from Rs 98 crore in Q1FY23. The EBITDA was Rs 80 crore, up from Rs 47 crore in Q1FY23, and the PAT was Rs 43 crore, up from Rs 12 crore in Q1FY23.
Marathon Nextgen Realty is a leading real estate company in India, with a focus on developing properties in the Mumbai Metropolitan Region (MMR). The company has a strong track record of delivering high-quality projects, and its portfolio includes a range of residential and commercial projects.
ICICI Securities Ltd. is a leading financial services company in India, providing a range of services including brokerage, investment banking, and wealth management. The company is headquartered in Mumbai and has a strong presence across India.
Frequently Asked Questions
What is the net revenue of Marathon Nextgen Realty in Q4FY24?
Rs 155 crore
What is the EBITDA of Marathon Nextgen Realty in Q4FY24?
Rs 67 crore
What is the profit after tax (PAT) of Marathon Nextgen Realty in Q4FY24?
Rs 40 crore
What is the net debt of Marathon Nextgen Realty as of March 31 2024?
Rs 751 crore
What is the estimated revenue from unsold inventory of Marathon Nextgen Realty?
Rs 1 577 crore
Related News Articles
One Point One Solutions Hits 52-Week High: Bonus Issue, Stock Split, and More
Business, Personal Finance, Markets, Companies, Real Estate, Income Tax, Pune
Indian Real Estate Boom: Delhi and Mumbai Housing Prices Soar by 49%
Real estate demand is booming in India's major cities, with Delhi and Mumbai witnessing a 49% increase in housing prices and a significant decrease in unsold inventory.
Redefining Pune's Real Estate Landscape: Tayal Corp's Commitment to Innovation
Tayal Corp, formerly Unique Spaces, is transforming Pune's real estate scene with its innovative approach and commitment to quality.
Avoiding Housing Project Delays: A Homebuyer's Guide to Due Diligence
Close to 2000 under-construction housing projects remain stalled, jeopardizing consumers' investments. Homebuyers must do their due diligence when choosing a real estate development partner.
MahaREAT Dismisses Homebuyer's Plea for Delayed Appeal Filing
Maharashtra Real Estate Appellate Tribunal dismisses homebuyer's application for condonation of 298-day delay in filing appeal
The 23-Year Journey: How a UP Man Purchased Dawood Ibrahim’s Mumbai Shop
Hemant Jain took a significant risk in 2001 by purchasing a Mumbai shop linked to Dawood Ibrahim. Despite numerous bureaucratic obstacles, he finally managed to register the property after a grueling 23-year battle.