Financial Performance Highlights

  • FY26 PAT: ₹206 crore (all-time high), PAT margin of ~32%
  • FY26 EBITDA: ₹261 crore (~41% margin)
  • FY26 Total Income: ₹639 crore
  • Adjusted Total Income: ₹858 crore (includes actual sales value attributable to capital gains on FutureX inventory and 40% of Monte South turnover)
  • Q4 FY26 Total Income: ₹152 crore
  • Q4 FY26 EBITDA: ₹63 crore (42% margin)
  • Q4 FY26 PAT: ₹46 crore (30% margin)

Operational Metrics

  • FY26 Collections: ₹781 crore (existing portfolio) / ₹1,048 crore (post-merger)
  • FY26 Area Sold: 2.29 lakh sq.ft. (existing portfolio) / 3.05 lakh sq.ft. (merged portfolio)
  • FY26 Booking Value (registered): ₹576 crore (existing portfolio) / ₹832 crore (merged portfolio)
  • Realization per sq.ft. (commercial): ₹45,846 (FY26 existing portfolio) / ₹44,464 (FY26 merged portfolio)
  • Realization per sq.ft. (residential): ₹18,720 (FY26 existing portfolio) / ₹17,655 (FY26 merged portfolio)

Capital Raise and Debt Management

  • Successfully raised ₹900 crore via Qualified Institutional Placement (QIP)
  • ₹340 crore deployed towards debt repayment
  • Company achieved net cash positive position post debt repayment - first time in company history
  • Net debt-free balance sheet as at March 31, 2026

Strategic Acquisitions

  • Acquired controlling interests in 3 real estate entities via Nexzone IT Infra Pvt Ltd with aggregate investment of ~₹70 crore
  • Acquisition adds 6 residential projects in Kanjurmarg with expected GDV of over ₹840 crore
  • Acquired 90% stake in Sunset Spaces Private Limited (SSPL) for ~₹8.1 crore to strengthen redevelopment pipeline

Project Progress and Launches

  • Nexzone Antilia, Triton & Atria: Full tower OC received
  • NeoSquare: OC received
  • MS Tower B: OC received up to 45th floor
  • Launched Nexzone Phase III – "The Nirvana Collection"
  • Launched new projects in Bhandup under "Neohome portfolio"
  • Marathon Futurex (Lower Parel): Delivered 15% YoY growth in pre-sales to ₹466 crore (combined)

Portfolio Details

Existing Portfolio (Pre-Merger)
  • Monte South (Byculla): 40% ownership, 8.59,115 sq.ft. unsold area, MNRL share 3,43,646 sq.ft.
  • Nexzone (Panvel): 91% ownership, 6,10,612 sq.ft. unsold area
  • Neopark/Neosquare (Bhandup): 100% ownership, 4,78,208 sq.ft. unsold area
  • Neovalley (Bhandup): 90% ownership, 12,06,168 sq.ft. unsold area
  • Millennium (Mulund): 100% ownership, 46,707 sq.ft. unsold area
  • Futurex (Lower Parel): 100% ownership, 27,486 sq.ft. unsold area
  • New Acquisitions (Kanjurmarg): 34% ownership, 5,94,000 sq.ft. unsold area, MNRL share 2,01,960 sq.ft.
Post-Merger Portfolio
  • Dombivali Land: 100% ownership, 83 acres, ~1.0 crore sq.ft. developable area
  • Panvel Land: 90-100% ownership, 205 acres, 1.26 crore sq.ft. developable area
  • Bhandup Land: 100% ownership, 130 acres, 1.75 crore sq.ft. developable area
  • Futurex 2: 100% ownership, 2.33 lakh sq.ft.
  • Chambers: 100% ownership, 0.54 lakh sq.ft.
  • 2 Central Mumbai Projects: 100% ownership, 5.33 lakh sq.ft.
  • Nextown: 59% ownership, ~10 lakh sq.ft.

Corporate Development

  • Received 'No Adverse Observations' (NOC) from both BSE & NSE on proposed Scheme of Amalgamation
  • Strategic board-approved amalgamation and arrangement designed to streamline corporate structure
  • Rebranded company as Marathon Nextgen Realty Limited in 2007

Leadership Team

  • Mr. Chetan R. Shah - Chairman (B. Tech. Civil Engineering from IIT Bombay, M.S. Structural Engineering from University of Houston, 40+ years experience)
  • Mr. Mayur R. Shah - Vice Chairman (Civil Engineer from University of Bombay, M.S. Structural Engineering from Oklahoma State, 30+ years experience, former President of MCHI - CREDAI)
  • Mrs. Shailaja Shah - Director (Part of Promoter Group)
  • Mr. Kaivalya Shah - Director (BE Structural Engineering, University of California, San Diego)
  • Mr. Parmeet Shah - Project Head (BA Economics, Yale University and MS, Columbia University)
  • Mr. Samyag Shah - Director (BA Economics, University of California, San Diego)

ESG Initiatives

  • Training programmes conducted for employees covering POSH, safety protocols and code of conduct
  • Code of Conduct applicable to all Directors, KMPs and employees
  • Mechanism for employees to report concerns without fear of retaliation
  • Policies covering all nine NGRBC principles approved by Board
  • All projects registered under RERA