Board Meeting Details

The Board of Directors meeting was held on Friday, August 7, 2026, commencing at 2:00 PM and concluding at 4:00 PM.

Key Approvals

1. Approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the first quarter ended June 30, 2026

2. Approved that the 49th Annual General Meeting of the Members of the Company will be held on Monday, September 28, 2026

Standalone Financial Results (₹ in Lakhs)

Quarter Ended June 30, 2026:

  • Revenue from operations: ₹3,925.23
  • Total Income: ₹4,187.22
  • Total Expenses: ₹12,081.82
  • Profit before exceptional items and tax: ₹(7,874.07)
  • Exceptional Items: ₹(900.00)
  • Profit before tax: ₹(8,774.07)
  • Tax expense: ₹(1,618.00) [Current tax: ₹(900.00), Deferred tax: ₹(718.00)]
  • Profit for the period: ₹(7,156.07)
  • Share of Profit of Joint Ventures: ₹333.83
  • Net Profit for the period: ₹(6,822.24)
  • Other Comprehensive Income: ₹(3.73)
  • Total Comprehensive Income: ₹(6,825.97)
  • Paid-up equity share capital: ₹3,371.03
  • Earnings per equity share (Basic & Diluted): ₹(10.12)

Comparative Figures:

  • Q4 FY26 Revenue: ₹2,392.58
  • Q1 FY25 Revenue: ₹17,678.00
  • Q4 FY26 Net Profit: ₹5,928.40
  • Q1 FY25 Net Profit: ₹3,661.93

Consolidated Financial Results (₹ in Lakhs)

Quarter Ended June 30, 2026:

  • Revenue from operations: ₹19,750.23
  • Other income: ₹1,949.07
  • Total Income: ₹21,699.30
  • Total Expenses: ₹15,205.64
  • Profit before exceptional items and tax: ₹6,493.66
  • Profit before tax: ₹6,493.66
  • Tax expense: ₹(1,584.50) [Current tax: ₹(1,565.78), Deferred tax: ₹(18.72)]
  • Profit for the period: ₹4,909.16
  • Share of Profit of Joint Ventures: ₹333.83
  • Net Profit for the period: ₹5,242.99
  • Other Comprehensive Income: ₹(3.73)
  • Total Comprehensive Income: ₹5,239.26
  • Profit attributable to Owners: ₹5,023.09
  • Profit attributable to Non-controlling interest: ₹219.90
  • Paid-up equity share capital: ₹3,371.03
  • Earnings per equity share (Basic): ₹7.78
  • Earnings per equity share (Diluted): ₹7.77

Comparative Figures:

  • Q4 FY26 Revenue: ₹11,354.63
  • Q1 FY25 Revenue: ₹14,081.47
  • Q4 FY26 Net Profit: ₹4,552.25
  • Q1 FY25 Net Profit: ₹6,157.33

Subsidiaries and Joint Ventures Included in Consolidation

The consolidated results include 11 subsidiaries and 2 joint ventures. Key entities include Terrapolis Assets Private Limited, Marathon Nexzone Land Private Limited, Kanchi Rehab Private Limited, Marathon Energy Private Limited, and various Nexzone entities.

Operational Highlights

  • The company operates in a single segment: real estate business
  • The figures for the previous quarter (March 31, 2026) are balancing figures between audited annual figures and published year-to-date figures

Corporate Development - Composite Scheme of Amalgamation

The Board of Directors at its meeting held on March 31, 2025, approved the Composite Scheme of Amalgamation and Arrangement amongst:

  • Matrix Water Management Private Limited
  • Sanvo Resorts Private Limited
  • Marathon Realty Private Limited
  • Matrix Enclaves Projects Developments Private Limited
  • Matrix Land Hub Private Limited
  • Marathon Nextgen Realty Limited
  • Marathon Energy Private Limited

During the quarter ended June 30, 2026, the Company received "No objection certificates" from BSE & NSE and has filed the scheme with the Hon'ble National Company Law Tribunal (NCLT). The scheme has an Appointed Date of January 1, 2025, and is subject to requisite approvals and sanction of the NCLT.

QIP Utilization Update

Out of total QIP proceeds of ₹89,999.93 lakhs:

  • ₹64,597.64 lakhs utilized for QIP objects (including issue-related expenses) as of June 30, 2026
  • ₹24,903.57 lakhs temporarily invested in Mutual Funds, Debentures and Bonds
  • ₹498.72 lakhs lying in bank account

The QIP Placement Documents were filed with SEBI on June 30, 2025.

Auditor Review

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 7, 2026. The Statutory Auditors, Rajendra & Co. Chartered Accountants, carried out a limited review of the results for the quarter ended June 30, 2026, in terms of Regulation 33 of SEBI Listing Regulations.

The financial results are prepared in accordance with Indian Accounting Standard (Ind AS) as notified under the Companies (Indian Accounting Standard) Rules 2015 specified in Section 133 of the Companies Act, 2013.