Marathon NextGen Realty Ltd reported third quarter and nine months results for the period ended 31 December 2025, recording a highest-ever nine months profit after tax of Rs 1,610 million (mn). The nine months PAT rose by 18 per cent year on year and delivered a 33 per cent PAT margin. The company reported a net cash positive position and said commercial projects were key earnings drivers.

Consolidated third quarter revenues were Rs 1,410 mn, with EBITDA of Rs 390 mn and PAT of Rs 330 mn, while nine months revenues totalled Rs 4,870 mn and EBITDA was Rs 2,000 mn. Management noted that robust commercial realisations and steady residential sales underpinned these results. The board described the performance as reflecting operational quality and timely delivery.

Operational metrics for the existing portfolio showed area sold of 52,204 sq. ft. in the quarter and 228,191 sq. ft. for nine months, booking values of Rs 1,260 mn in the quarter and Rs 5,880 mn for nine months, and collections of Rs 2,680 mn and Rs 8,500 mn respectively. Post merger volumes were higher, with quarterly area sold of 61,754 sq. ft., booking value of Rs 1,690 mn and collections of Rs 3,080 mn.

Project progress included occupancy certification for Monte South Tower A, Tower B certified up to the 45th floor with internal work reaching the 62nd floor, and Tower C with RCC up to the 17th floor. In Bhandup, Neovalley has one wing with RCC complete and environmental clearance for an extension, while Neopark is in advanced finishing and Nexzone Phase one has full occupancy certification.

Management emphasised resilient end user demand and supportive infrastructure developments across Mumbai, and highlighted a strong balance sheet that enables completion of projects on schedule while maintaining financial discipline. The company reiterated priorities to complete existing projects, pursue high quality opportunities and create long term value for stakeholders.