Latest news with #AntaraSeniorLiving
Yahoo
02-06-2025
- Business
- Yahoo
Max India Ltd (BOM:543223) Q4 2025 Earnings Call Highlights: Strong Growth in Senior Living and ...
Rights Issue: Successfully concluded with an issue of 125 crores, oversubscribed by 1.4 times. Asset Monetization: Completed sale of Max Towers for 105 crores. Antara Senior Living Sales: Sold 90% of inventory (260 out of 292 units) as of March 31, 2025. Assisted Care Revenue: 65.2 crores for FY25, with a Q4 revenue of 23.5 crores, showing a 22% sequential growth. Care Homes Revenue Growth: 38% year-on-year growth for FY25, with Q4 revenue of 2.3 crores. Care at Home Revenue: Achieved highest-ever revenue of 17.3 crores for FY25, with a 52% year-on-year growth in Q4. AG Vertical Revenue: 40.4 crores for FY25, with a Q4 revenue of 16.6 crores, reflecting a 4X year-on-year growth. Consolidated Net Revenue: 164 crores for FY25, with Q4 revenue of 46 crores, 16% higher than Q3 FY25. Consolidated EBITDA Loss: 37.2 crores, primarily due to increased marketing spend. Net Worth: 359 crores as of March 31, 2025. Warning! GuruFocus has detected 3 Warning Sign with BOM:543223. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Max India Ltd (BOM:543223) successfully concluded a rights issue, which was oversubscribed by 1.4 times, indicating strong investor confidence. Antara Senior Living was awarded 'Operator of the Year' at the Asia Pacific Elder Care Innovation Awards, showcasing its leadership in the senior living sector. The company completed the strategic sale of non-core assets, strengthening its balance sheet and providing capital for growth initiatives. Antara's Gurgaon project saw a strong sales performance, with 90% of inventory sold within eight months of launch. The company reported significant growth in its assisted care segment, with a 2-3x increase in net revenue year-on-year. There is a delay in obtaining the occupancy certificate for the Noida project, affecting the timeline for possession. The launch of phase two in sector 150 has been delayed due to regulatory setbacks, impacting future sales timelines. The company's consolidated EBITDA loss increased due to higher marketing expenses, reflecting ongoing investment in growth. The expansion of bed capacity in the assisted care segment is still in progress, with some delays in operationalizing new facilities. The company faces challenges in finding suitable partners for land acquisition, which could slow down future expansion plans. Q: Have collections increased beyond just the upfront fees for the senior living units in Gurugram? A: Yes, collections now include 10% on application and another 10% on signing the agreement to sell, resulting in 20% of all bookings collected by March 31st. This trend is expected to continue as construction progresses. - Rajit Mehta, MD & CEO Q: Can you provide more details on the second project with Max Estates in Gurugram and its financial implications? A: The second project is a separate entity from the first, with plans to launch in late Q2 or early next quarter. We expect significant sales and ATS registrations, with collections estimated at INR 220 crores, subject to shareholder approval. - Rajit Mehta, MD & CEO Q: Why is the pace of execution relatively slow despite the market potential and brand strength? A: We are ensuring sufficient experience and waiting for the Noida sector 150 issues to resolve, which will unlock capital. We aim to avoid land acquisition costs and are seeking credible partners. Aggressiveness will increase as these factors align. - Rajit Mehta, MD & CEO Q: Is there a plan to expand the AG platform internationally, given its growth and first-mover advantage? A: Currently, the focus is on the Indian market due to its vast potential. We are building a robust product chain and tech platform. International expansion may be considered once these foundations are solidified. - Rajit Mehta, MD & CEO Q: What is the strategy for customer acquisition in the care-at-home business? A: We use a dual strategy: performance marketing through Google and Meta, and partnerships with doctors and hospitals. An app is in development to facilitate service booking, expected to be ready in 90 to 120 days. - Rajit Mehta, MD & CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
&w=3840&q=100)
Business Standard
24-04-2025
- Business
- Business Standard
Max India up 3% as board approves to raise ₹125 crore through rights issue
Max India share price: Shares of Max India gained 3.1 per cent in trade, logging an intraday high at ₹230.7 per share on the BSE. The stock advanced after the company's board approved the issuance of equity shares on a rights basis. The company intends to raise up to ₹125 crore through a rights issue. At 12:56 PM, Max India shares were trading 1.07 per cent higher at ₹225.95 per share on the BSE. In comparison, the BSE Sensex was down 0.33 per cent at 79,853.68. The market capitalisation of the company stood at ₹984.90 crore. The 52-week high of the stock was at ₹337.6 per share and the 52-week low of the stock was at ₹170 per share. Max India rights issue: opening and closing dates The rights issue will open on Wednesday, May 7, 2025, and close on Thursday, May 22, 2025. The last date for on market renunciation is Friday, May 16, 2025. The "last date for on-market renunciation" refers to the final day on which you can sell your rights entitlements (REs) on the stock exchange's platform. Max India rights issue: Size The company will issue 82,81,973 fully paid-up equity shares of a face value of ₹10. The price for the issue is set as ₹150 per rights equity share (including a premium of ₹140 each) payable on application. ALSO READ | Max India rights issue: Allotment and record date Investors are entitled to receive 19 rights equity shares for every 100 shares held by eligible shareholders as of the record date. The record date for the rights issue is fixed as Tuesday, April 29, 2025. About Max India Max India is the holding company of Max Group's Senior Care business Antara -- an integrated solutions provider for all senior care needs. It operates across two lines of businesses – Antara Senior Living which includes independent-living Antara Senior Living, and Assisted Care services, including Care Homes, Care at Home services and Antara AGEasy– expert-assisted solutions for chronic conditions.
