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.

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