Financial Performance Highlights

FY26 Financial Results:

  • Total Income: INR 639 crores
  • EBITDA: INR 261 crores
  • Profit After Tax (PAT): INR 206 crores (highest ever in company history)

Operational Metrics for FY26:

  • Area Sold: 2,29,000 square feet
  • Booking Value: INR 576 crores
  • Collections: INR 781 crores

Q4 FY26 Operational Metrics:

  • Area Sold: 48,000 square feet
  • Booking Value: INR 156 crores
  • Collections: INR 203 crores

Capital Raising and Deployment

QIP Details:

  • Raised INR 900 crores through Qualified Institutional Placement during FY26
  • Deployment: INR 340 crores towards debt repayment, some amount towards ongoing projects
  • Out of INR 300 crores earmarked for new projects, INR 54 crores already deployed

Strategic Initiatives and Acquisitions

Amalgamation Scheme:

  • Received no adverse observation letters from both BSE and NSE
  • Documents submitted to NCLT, awaiting hearing
  • Aims to create larger, more integrated listed platform with improved operational synergies

Acquisition Activities:

  • Acquired controlling interest in three real estate entities in Kanjurmarg with aggregate investment of approximately INR 70 crores
  • Pipeline of six residential projects with expected GDV of over INR 840 crores
  • Acquired 90% stake in Sunset Spaces Private Limited

Project-wise Updates

Marathon Futurex (Commercial):

  • Pre-sales: INR 466 crores (15% YoY growth)
  • Strong leasing activity and sustained demand for Grade A office space in Lower Parel

Monte South Byculla (Luxury Residential):

  • Pre-sales: INR 391 crores
  • Tower B received OC up to 45th floor
  • Tower structural completion up to 65th floor, expected completion by December 2026
  • Tower C construction completed up to 17 floors
  • Tower D yet to be launched
  • Commercial tower (Tower 5) planned for launch in next 12-18 months

Marathon Nexzone Panvel:

  • Pre-sales: INR 104 crores
  • Successfully launched Phase 3 with carpet area of 4.9 lakh sq.ft and estimated GDV of INR 600 crores
  • Phase 2 towers (Antilia, Triton, Atria) received full OCs during the year

Neo Series (Bhandup):

  • Pre-sales: INR 65 crores
  • NeoSquare received occupation certificate
  • New Neohome portfolio with estimated GDV of INR 370 crores

Mulund Millennium (Commercial):

  • Pre-sales: INR 21 crores

PTC (Permanent Transit Camp) Business Model

  • Created differentiated B2B vertical beyond traditional B2C
  • Construct and monetize transit accommodation units purchased by other developers
  • Enables other developers to avail additional development rights and unlock higher FSI potential

Strategic Priorities for FY27

  • Accelerate project execution across portfolio
  • Expand pre-sales momentum across residential and commercial verticals
  • Pursue value-accretive redevelopment opportunities and strategic acquisitions
  • Scale PTC-led B2B development opportunity
  • Maintain prudent capital allocation and strong free cash flow generation

Additional Financial Information

  • Listed entity currently has unsold value of approximately INR 6,500 crores (MNRL share)
  • Post-merger, 418 acres of land will be merged with huge potential for additional projects
  • Balance of approximately INR 250 crores remaining for new project acquisitions from QIP proceeds

Infrastructure Catalysts Mentioned

  • Navi Mumbai International Airport operationalization
  • Goregaon-Mulund Link Road (eastern part cleared by BMC)
  • Panvel-Karjat railway line development
  • Atal Setu connectivity
  • Kharghar commercial complex development

Client Base

Marathon Futurex hosts clients including Nykaa, ZEE, L'Oréal, SBI, and HDFC among 300+ institutional clients.