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Max Estates Limited Q2 FY26 earnings call summary

NSE: MAXESTATES · BSE: 544008

Earnings call of 4 Nov 2025, summarised by AI from the filing.

Max Estates guides FY26 presales of ₹6,000-6,500 cr with three H2 launches, after H1 FY26 revenue of ₹100 cr and PAT of ₹20 cr.

Key takeaways

  1. FY26 presales guidance Presales of approximately ₹6,000-6,500 cr in FY26, a growth of 15-20% over the previous financial year, driven by three H2 launches.
  2. Sector 59 acquisition Development rights secured for 7.25 acres in Sector 59 Golf Course Extension Road, Gurgaon, with GDV anticipated at more than ₹3,000 cr.
  3. Demand sentiment Some cooling off in overall demand sentiment per channel partners, though Max Estates not seeing that level of slowdown.

Original filing on BSE

Max Estates Limited Q1 FY27 results

As filed: Revenue ₹51.9 cr (+2% year on year), EBITDA ₹8.1 cr (−38% year on year), PAT ₹8.4 cr (−30% year on year), EBITDA margin 15.6% (−985 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹49.4 cr (+24% year on year), EBITDA −₹3.2 cr (−136% year on year), PAT −₹4.1 cr (−129% year on year), EBITDA margin -6.5% (−1,000 bps). Score 20 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 1000 bps year on year. Profit fell 13700% from last quarter. Revenue rose ₹9.4 cr on a year ago, against ₹10.0 cr the year before. Share price after the results: +5.5% in 28 days (Nifty 500: +2.2%).
  • Q3 FY26: Revenue ₹49.8 cr (+24% year on year), EBITDA ₹2.9 cr (−73% year on year), PAT ₹0.0 cr (−100% year on year), EBITDA margin 5.9% (−1,000 bps). Score 15 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 1000 bps year on year. Other income 2258% of PBT. Tax rate 97%. Profit fell 100% from last quarter. Share price after the results: +2.6% in 28 days (Nifty 500: −4.1%).
  • Q2 FY26: Revenue ₹49.0 cr (+23% year on year), EBITDA ₹10.0 cr (+25% year on year), PAT ₹8.0 cr, EBITDA margin 20.4% (+41 bps). Score 28 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it. EBITDA margin rose 41 bps year on year. Other income 217% of PBT. Revenue fell 4% from last quarter. Share price after the results: −1.6% in 30 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹51.0 cr (+28% year on year), EBITDA ₹13.0 cr (−19% year on year), PAT ₹12.0 cr, EBITDA margin 25.5% (−1,000 bps). Score 35 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Other income 171% of PBT. Not enough history for a trend yet: scored on growth alone. Profit fell 14% from last quarter. Share price after the results: −4.1% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹40.0 cr (+33% year on year), EBITDA ₹9.0 cr (+29% year on year), PAT ₹14.0 cr, EBITDA margin 22.5% (−83 bps). Score 64 of 100, In line with trend. EBITDA margin fell 83 bps year on year. Other income 181% of PBT. Not enough history for a trend yet: scored on growth alone. Profit fell 13% from last quarter. Share price after the results: +8.7% in 29 days (Nifty 500: +2.0%).
  • Q3 FY25: Revenue ₹40.0 cr (+67% year on year), EBITDA ₹11.0 cr (+57% year on year), PAT ₹16.0 cr, EBITDA margin 27.5% (−167 bps). Score 75 of 100, Above trend. EBITDA margin fell 167 bps year on year. Other income 160% of PBT. Not enough history for a trend yet: scored on growth alone.
  • Q2 FY25: Revenue ₹40.0 cr (+100% year on year), EBITDA ₹8.0 cr (+300% year on year), PAT −₹1.0 cr, EBITDA margin 20.0% (+1,000 bps). Score 45 of 100, In line with trend. EBITDA margin rose 1000 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Max Estates Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.