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Max India Limited Q3 FY26 results deck summary

NSE: MAXIND · BSE: 543223

Results deck of 10 Feb 2026, summarised by AI from the filing.

Consolidated EBITDA loss ₹29.0 cr in Q3FY26 vs ₹26.0 cr in Q2FY26

Key takeaways

  1. EBITDA loss Consolidated EBITDA loss ₹29.0 cr in Q3FY26 vs ₹26.0 cr in Q2FY26
  2. E361 launch E361 Gurugram launched in Dec 2025; 100+ units sold out till Dec'25 in Ph-1 out of 180 units

Original filing on BSE

Max India Limited Q1 FY27 results

As filed: Revenue ₹59.7 cr (+61% year on year), EBITDA −₹33.8 cr, PAT −₹36.3 cr, EBITDA margin -56.6% (+1,000 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 ₹65.6 cr (+56% year on year), EBITDA −₹13.2 cr, PAT −₹19.3 cr, EBITDA margin -20.1% (+1,000 bps). Score 45 of 100, In line with trend. Revenue growth was well above the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −7.9% in 28 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹43.1 cr (+23% year on year), EBITDA −₹34.5 cr, PAT −₹42.9 cr, EBITDA margin -80.1% (+274 bps). Score 45 of 100, In line with trend. Revenue growth was well above the company's own trend. EBITDA margin rose 274 bps year on year. Revenue fell 4% from last quarter. Share price after the results: −12.0% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹45.0 cr (+5% year on year), EBITDA −₹30.0 cr, PAT −₹34.0 cr, EBITDA margin -66.7% (−1,000 bps). Score 15 of 100, Below trend. Revenue growth was in line with the company's own trend. EBITDA margin fell 1000 bps year on year. Share price after the results: −9.3% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹37.0 cr (+42% year on year), EBITDA −₹28.0 cr, PAT −₹26.0 cr, EBITDA margin -75.7%. Score 15 of 100, Below trend. Revenue growth was well above the company's own trend. Revenue fell 12% from last quarter. Share price after the results: +1.2% in 30 days (Nifty 500: +0.1%).
  • Q4 FY25: Revenue ₹42.0 cr (−7% year on year), EBITDA −₹40.0 cr, PAT −₹46.0 cr, EBITDA margin -95.2% (−1,000 bps). Score 15 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin fell 1000 bps year on year. Share price after the results: +4.7% in 28 days (Nifty 500: +3.6%).
  • Q3 FY25: Revenue ₹35.0 cr (−15% year on year), EBITDA −₹29.0 cr, PAT −₹45.0 cr, EBITDA margin -82.9% (−1,000 bps). Score 15 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 1000 bps year on year. Revenue fell 19% from last quarter.
  • Q2 FY25: Revenue ₹43.0 cr (−12% year on year), EBITDA −₹21.0 cr, PAT −₹23.0 cr, EBITDA margin -48.8% (−1,000 bps). Score 7 of 100, Below trend. EBITDA margin fell 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 India Limited earnings call, investor presentation and press release summaries

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