Summary of Key Information:
Reporting Period: Quarter and Financial Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Audited Standalone and Consolidated Financial Results
Audit Opinion:
Unmodified opinion (clean) issued by S.R. Batliboi & Co. LLP for both standalone and consolidated financial results
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Revenue from Operations: ₹5,547.06 lakhs (FY26), ₹1,421.17 lakhs (Q4 FY26)
Total Income: ₹18,226.52 lakhs (FY26), ₹4,155.85 lakhs (Q4 FY26)
Net Profit: ₹6,359.70 lakhs (FY26), ₹796.30 lakhs (Q4 FY26)
EPS: ₹3.93 (Basic) and ₹3.92 (Diluted) for FY26
Other Equity: ₹238,991.41 lakhs (as at March 31, 2026)
Cash and Cash Equivalents: ₹82.67 lakhs (as at March 31, 2026)
Debt: Short-term borrowings ₹17,861.76 lakhs, Long-term borrowings ₹89.55 lakhs
Consolidated Results:
Revenue from Operations: ₹19,945.28 lakhs (FY26), ₹4,943.34 lakhs (Q4 FY26)
Total Income: ₹29,680.08 lakhs (FY26), ₹7,058.75 lakhs (Q4 FY26)
Net Profit: ₹1,569.26 lakhs (FY26), ₹(408.00) lakhs (Q4 FY26)
EPS: ₹0.97 (Basic and Diluted) for FY26
Other Equity: ₹225,636.28 lakhs (as at March 31, 2026)
Cash and Cash Equivalents: ₹20,488.39 lakhs (as at March 31, 2026)
Debt: Short-term borrowings ₹7,278.86 lakhs, Long-term borrowings ₹230,652.84 lakhs
Segment-wise Performance:
The Group operates in a single reportable segment - real estate development and related activities. No separate geographical segments reported.
Corporate Actions:
Dividend: Not specified
Share Capital Changes: Equity share capital increased to ₹16,344.55 lakhs from ₹16,100.01 lakhs YoY
Warrant Conversions:
- 11,41,552 equity shares allotted to Mr. Sunil Vachani on October 10, 2025
- 11,41,552 equity shares allotted to Max Ventures Investment Holding Pvt. Ltd. on January 6, 2026
QIP Proceeds: ₹77,957.55 lakhs raised through QIP in September 2024, primarily for land acquisition and general corporate purposes
Other Significant Information:
Subsidiaries Included: 14 subsidiaries consolidated including Max Towers Private Limited, Max Assets Services Limited, Max Square Limited, Pharmax Corporation Limited, Max I Limited, Max Estates Gurgaon Limited, Max Estates Noida Private Limited, Max Estates Gurgaon Two Limited, Max Estates 128 Private Limited, Acreage Builders Private Limited, Max Estates Noida Two Limited, Boulevard Projects Private Limited (from April 23, 2025), Base Buildwell Private Limited (from December 26, 2025), Max Estates Developers Limited
Acquisitions:
- Boulevard Projects Private Limited acquired on April 23, 2025
- Base Buildwell Private Limited acquired on December 26, 2025 for ₹32,000 lakhs
Project Launches:
- Estate 361 (Sector 36A, Gurugram) launched in Q3 FY26
- Estate 105 (Sector 105, Noida) launched in Q4 FY26
- Max One (Sector 16, Noida) launched in Q4 FY26
Employee Stock Options: Max Estates Employee Stock Option Plan - 2023 with 14,57,220 options granted during FY26
Investment Activities: Significant investments in subsidiaries through equity and compulsory convertible debentures