Marathon NextGen Posts Record Nine Month PAT And Strong Q3

20 Feb 2026 CW Team

Marathon NextGen Realty Limited reported third quarter and nine month results for the period ended 31 December 2025 and announced its highest ever nine month profit after tax of Rs 1,610 mn. The company said this represented an 18 per cent year on year increase and a 33 per cent PAT margin driven by commercial portfolio contributions. Management attributed the outcome to operational quality, timely deliveries and resilient demand in key Mumbai micro markets.

Commercial assets led growth, with Marathon Futurex in Lower Parel and Marathon Millennium in Mulund delivering elevated realisations and leasing interest from small and medium enterprises. Residential developments progressed, with Monte South Tower A receiving an Occupancy Certificate, Tower B having an OC up to the 45th floor and internal work progressing to the 62nd, and Tower C having reinforced concrete work complete to the 17th floor. Projects at Neovalley, Neopark and Nexzone reported construction advances and OC applications.

Operational metrics showed area sold of 52,204 sq. ft. in Q3 for the existing portfolio and 61,754 sq. ft. post merger, with nine month totals of 228,191 sq. ft. and 293,970 sq. ft. Booking values converted to Rs 1,260 mn and Rs 1,690 mn in Q3 and Rs 5,880 mn and Rs 7,960 mn for nine months for existing and post merger portfolios, while collections were Rs 2,680 mn and Rs 3,080 mn in the quarter and Rs 8,500 mn and Rs 10,710 mn for nine months. Consolidated revenues were Rs 1,410 mn in Q3 and Rs 4,870 mn for nine months, with EBITDA of Rs 390 mn and Rs 2,000 mn and PAT of Rs 330 mn and Rs 1,610 mn respectively.

The company said its net cash position and financial flexibility allow it to navigate market cycles and pursue selective opportunities. Priorities include completing projects on schedule, maintaining financial discipline and delivering long term value to stakeholders.

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