Marathon NextGen Q2 pre-sales rise 79 per cent to Rs 1.54 billion
Real Estate

Marathon NextGen Q2 pre-sales rise 79 per cent to Rs 1.54 billion

Marathon NextGen Realty reported pre-sales of Rs 154 crore in Q2 FY27, ended 30 September 2026, registering a 79 per cent increase over the previous quarter. Collections stood at Rs 127 crore, while total income was Rs 145 crore, EBITDA Rs 61 crore and profit after tax (PAT) Rs 45 crore. The company remained net debt-free, with a positive net cash position.

Residential pre-sales increased 70 per cent quarter-on-quarter, led by the affordable and mid-income housing portfolio, which recorded 155 per cent growth. Sales at Monte South, the company's premium residential development in Byculla, rose 16 per cent.

In the commercial segment, the company said demand for Grade-A office space in Mumbai remained strong. Its commercial portfolio includes Marathon Futurex in Lower Parel and Marathon Millennium in Mulund.

Construction at Monte South, Nexzone, NeoHomes and Marathon Millennium is progressing as scheduled. The company has also added two redevelopment projects in Versova and Sewri, with a combined estimated gross development value (GDV) of Rs 900 crore. A proposed amalgamation, subject to approvals, is expected to expand its development pipeline across the Mumbai Metropolitan Region.

“We are adding projects selectively, in well-connected locations, and we are doing it with no net debt. Our focus is to deliver on time, allocate capital carefully and unlock the value in our land bank,” said Chetan Shah, Chairman and Managing Director, Marathon NextGen Realty.

For Q2 FY27, the company sold 0.71 million sq ft of carpet area on an existing basis and 0.94 million sq ft on a merged basis. Registered pre-sales stood at Rs 154 crore and Rs 251 crore, respectively, while collections were Rs 127 crore and Rs 202 crore.

For H1 FY27, area sold stood at 1.09 million sq ft on an existing basis and 1.40 million sq ft on a merged basis. Registered pre-sales were Rs 240 crore and Rs 359 crore, respectively, while collections reached Rs 244 crore and Rs 348 crore.

Consolidated financials for H1 FY27 included total income of Rs 362 crore, EBITDA of Rs 127 crore and PAT of Rs 98 crore.

Marathon NextGen Realty has been developing projects in Mumbai since 1969 and has completed more than 100 projects across the city. Its portfolio includes townships, affordable and luxury residences, retail developments and corporate parks. It has ongoing projects in Lower Parel, Byculla and Mulund, with land banks in Bhandup, Thane, Dombivli and Panvel.

Marathon NextGen Realty reported pre-sales of Rs 154 crore in Q2 FY27, ended 30 September 2026, registering a 79 per cent increase over the previous quarter. Collections stood at Rs 127 crore, while total income was Rs 145 crore, EBITDA Rs 61 crore and profit after tax (PAT) Rs 45 crore. The company remained net debt-free, with a positive net cash position.Residential pre-sales increased 70 per cent quarter-on-quarter, led by the affordable and mid-income housing portfolio, which recorded 155 per cent growth. Sales at Monte South, the company's premium residential development in Byculla, rose 16 per cent.In the commercial segment, the company said demand for Grade-A office space in Mumbai remained strong. Its commercial portfolio includes Marathon Futurex in Lower Parel and Marathon Millennium in Mulund.Construction at Monte South, Nexzone, NeoHomes and Marathon Millennium is progressing as scheduled. The company has also added two redevelopment projects in Versova and Sewri, with a combined estimated gross development value (GDV) of Rs 900 crore. A proposed amalgamation, subject to approvals, is expected to expand its development pipeline across the Mumbai Metropolitan Region.“We are adding projects selectively, in well-connected locations, and we are doing it with no net debt. Our focus is to deliver on time, allocate capital carefully and unlock the value in our land bank,” said Chetan Shah, Chairman and Managing Director, Marathon NextGen Realty.For Q2 FY27, the company sold 0.71 million sq ft of carpet area on an existing basis and 0.94 million sq ft on a merged basis. Registered pre-sales stood at Rs 154 crore and Rs 251 crore, respectively, while collections were Rs 127 crore and Rs 202 crore.For H1 FY27, area sold stood at 1.09 million sq ft on an existing basis and 1.40 million sq ft on a merged basis. Registered pre-sales were Rs 240 crore and Rs 359 crore, respectively, while collections reached Rs 244 crore and Rs 348 crore.Consolidated financials for H1 FY27 included total income of Rs 362 crore, EBITDA of Rs 127 crore and PAT of Rs 98 crore.Marathon NextGen Realty has been developing projects in Mumbai since 1969 and has completed more than 100 projects across the city. Its portfolio includes townships, affordable and luxury residences, retail developments and corporate parks. It has ongoing projects in Lower Parel, Byculla and Mulund, with land banks in Bhandup, Thane, Dombivli and Panvel.

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