Marathon Nextgen Reports Highest Nine Month PAT And Strong Q3 Performance

20 Feb 2026 CW Team

Operationally the existing portfolio recorded area sold of 52,204 sq ft in the quarter and 228,191 sq ft in the nine months, while the post-merger portfolio reported 61,754 sq ft and 293,970 sq ft respectively. Booking value for the nine months stood at Rs 7.96 bn for the post-merger portfolio and Rs 5.88 bn for the existing portfolio, and collections reached Rs 10.71 bn and Rs 8.50 bn respectively. Improved average realisations were attributed to strong demand for commercial spaces.

Progress on residential developments remained on a strong footing, with Tower A at Monte South securing an Occupancy Certificate and Tower B having certificates up to the 45th floor while internal works advanced to the 62nd floor. Tower C had reinforced concrete complete to the 17th floor with finishing works under way at several sites. Nexzone Phase one in Panvel had full OC with nearly 2,700 families occupying completed units.

At Bhandup Neovalley one wing had reinforced concrete complete and environmental clearance was received for an additional part of the project. Neopark was in advanced finishing stages with RCC nearly complete and Occupancy Certificate applications under way for select wings. The company emphasised that timely delivery and quality remained priorities across projects.

Management noted Mumbai’s market was supported by resilient end-user demand and infrastructure enhancements such as metro expansions and coastal roads. The company said its strong balance sheet and financial discipline would support project completion and pursuit of high-quality opportunities, creating long-term value for stakeholders.

Marathon Nextgen Realty Ltd reported consolidated results for the third quarter and the nine months ended 31 December 2025, delivering a highest-ever nine month profit after tax of Rs 1.61 bn, year-on-year growth of 18 per cent and a PAT margin of 33 per cent. Financial figures in this report have been converted to million (mn) and billion (bn) abbreviations for clarity. The company remained net debt-free with a positive net cash position. Operationally the existing portfolio recorded area sold of 52,204 sq ft in the quarter and 228,191 sq ft in the nine months, while the post-merger portfolio reported 61,754 sq ft and 293,970 sq ft respectively. Booking value for the nine months stood at Rs 7.96 bn for the post-merger portfolio and Rs 5.88 bn for the existing portfolio, and collections reached Rs 10.71 bn and Rs 8.50 bn respectively. Improved average realisations were attributed to strong demand for commercial spaces. Progress on residential developments remained on a strong footing, with Tower A at Monte South securing an Occupancy Certificate and Tower B having certificates up to the 45th floor while internal works advanced to the 62nd floor. Tower C had reinforced concrete complete to the 17th floor with finishing works under way at several sites. Nexzone Phase one in Panvel had full OC with nearly 2,700 families occupying completed units. At Bhandup Neovalley one wing had reinforced concrete complete and environmental clearance was received for an additional part of the project. Neopark was in advanced finishing stages with RCC nearly complete and Occupancy Certificate applications under way for select wings. The company emphasised that timely delivery and quality remained priorities across projects. Management noted Mumbai’s market was supported by resilient end-user demand and infrastructure enhancements such as metro expansions and coastal roads. The company said its strong balance sheet and financial discipline would support project completion and pursuit of high-quality opportunities, creating long-term value for stakeholders.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..