Marathon Nextgen Realty reports record Q2 and H1 FY26 performance

Marathon Nextgen Realty Limited achieved its highest-ever quarterly profit after tax of INR67 crores in Q2 FY26, a 35% year-on-year increase. The first half of FY26 also saw record profit after tax of INR128 crores, up 47% year-on-year. The company reported area sales of 65,845 square feet in Q2, an 18% year-on-year increase, and 143,600 square feet for H1, up 12% year-on-year. Booking value for Q2 stood at INR166 crores (up 29% year-on-year) and INR349 crores for H1 (up 22% year-on-year), with collections reaching INR191 crores for the quarter and INR430 crores for the half-year.

Key projects driving this growth include Futurex, Monte South, and Nexzone, with notable milestones such as the part occupation certificate for Monte South Tower B and the occupation certificate for NeoSquare in Bhandup. The company also announced Monte South Commercial, a Grade A office and retail development with Adani Realty, and the launch of Phase 3 of Marathon Nexzone in Panvel, titled the "Nirvana Collection," with an estimated GDV of over INR600 crores.

Additionally, Marathon Nextgen launched 2.2 lakh square feet of residential space under the Neohomes portfolio in Bhandup, amounting to a GDV of INR370 crores. The company maintains a net debt-free position and is evaluating new project opportunities, supported by capital raised through a recent QIP of INR900 crores, to participate in redevelopment and joint development across Mumbai.