Latest news with #MarathonNextgenRealtyLtd
Mint
31-07-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy despite Trump's tariff fear
The domestic benchmark indices of the Indian stock market, Sensex and Nifty 50, are anticipated to have a lower opening on Thursday following the imposition of a 25% tariff on Indian products by US President Donald Trump. The indications from Gift Nifty suggest a gap-down opening for the Indian benchmark index. Gift Nifty was observed trading at approximately 24,673, which is around 196 points below the previous close of Nifty futures. On Wednesday, the Indian stock market closed on a positive note, with the Nifty 50 finishing above the 24,800 mark. The Sensex saw an increase of 143.91 points, or 0.18%, closing at 81,481.86, while the Nifty 50 rose by 33.95 points, or 0.14%, to settle at 24,855.05. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious as the Nifty 50 index is facing hurdle at 24,900. After announcement of Trump's tariffs, the mood is expected to remain cautious. If the Nifty 50 sustains above its 24,500 then we can expect some relief, else there can be some panic selling if the key benchmark index slips below 24,500. Buy Marathon Nextgen Realty Ltd in cash at ₹ 726.4; Stop Loss at ₹ 700; Target price at ₹ 780. Buy Madhya Bharat Agro products Ltd in cash at ₹ 457.2; Stop Loss at ₹ 440; Target price at ₹ 490. Buy Jubilant Pharmova Ltd in cash at ₹ 1,236.3; Stop Loss at ₹ 1,195; Target price at ₹ 1,335. Buy Pearl Global Industries Ltd in cash at ₹ 1,638.9; Stop Loss at ₹ 1,580; Target price at ₹ 1,755. Buy GMM Pfaudler Ltd in cash at ₹ 1,356; Stop Loss at ₹ 1,305; Target price at ₹ 1,450. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Yahoo
23-05-2025
- Business
- Yahoo
Marathon Nextgen Realty Ltd (BOM:503101) Q4 2025 Earnings Call Highlights: Record Profits and ...
Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Marathon Nextgen Realty Ltd (BOM:503101) reported the highest full-year profit after tax in its history at INR 190 crore, marking a 13% year-on-year growth. The company achieved a compounded annual growth rate of 48% in profit after tax over the last four years, demonstrating strong financial performance. Marathon Nextgen Realty Ltd (BOM:503101) has significantly reduced its debt by more than INR 200 crore, resulting in a 28% reduction in net debt from the previous year. The company received occupation certificates for four buildings, enhancing customer confidence and satisfaction. A strategic move to merge assets and projects of promoter entities with the company is expected to simplify the group structure and benefit public shareholders. The company did not provide a pre-sales outlook for FY 2026, citing it as a forward-looking statement. There are multiple regulatory and statutory approvals required for the proposed merger, which could delay the process. Operating cash flow concerns were raised, although the management clarified that it is not negative. There is a significant promoter pledge of 91.5%, although it was clarified as a non-disposal undertaking rather than a pledge. Revenue has remained flat over the past year, despite an increase in profit, raising questions about the sustainability of growth. Warning! GuruFocus has detected 5 Warning Signs with BOM:503101. Q: Can you provide the pre-sales outlook for FY26? A: The pre-sales outlook for FY26 is a forward-looking statement, and we are unable to provide details at this time. We can discuss anything related to FY25. Q: How will the merger affect promoter and minority shareholders in terms of dilution? A: Details regarding the merger will be discussed after receiving the necessary approvals. Q: Are there any non-legal or regulatory hurdles that could delay the amalgamation? A: The merger process involves multiple authorities and sanctioning bodies, which can take time. Typically, it takes 12 to 15 months, but this can vary depending on the scheme. Q: How do you monitor construction quality? Is there any third-party involvement? A: We ensure quality by having a higher number of personnel on-site compared to competitors, using quality development software, and monitoring through dashboards. We also have batching plants to ensure timely concrete delivery and use internal apps for regular updates. Q: Despite flat revenue, PAT has grown. What has driven this growth? A: The increase in PAT is due to accelerated construction pace, reduced debt by 200 crores, and improved sales realization in some projects. Additionally, the sale of investment assets contributed to the profit. Q: Can you explain the significant jump in other income? Is it sustainable? A: The increase in other income is due to the profit from selling investment assets, which contributed about 48 crores. This reflects a one-time gain and may not be sustainable. Q: What is the demand scenario in the market, and how are customers reacting to new projects? A: We focus on strong micro-markets where we are among the top sellers. We see continuous growth in these areas. If interest rates decrease, it could further boost the real estate market. Q: Are current realizations sustainable? A: Yes, realizations have been growing year-on-year, with a 5-10% increase in various projects. The demand is sustained by population growth, aspirational buying, and migration to Mumbai. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-02-2025
- Business
- Yahoo
Marathon Nextgen Realty Ltd Achieves Record 33% PAT Margin in Q3 FY25
MUMBAI, India , Feb. 14, 2025 /PRNewswire/ -- Marathon Nextgen Realty Ltd. (BSE: 503101) (NSE: MARATHON) (ISIN: INE182D01020), one of Mumbai's leading real estate development companies announced its financial results for the Third Quarter (Q3 FY25) ended December 31st, 2024. The company announced a record 33% PAT Margin in Q3FY25. registered a record 9 month PAT of ₹ 136 Cr. The company has ongoing commercial and residential projects spread across the Mumbai Metropolitan Region in locations like Lower Parel, Byculla, Bhandup, Mulund, and Panvel. Commenting on the Company's performance, Mr. Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said, "We are pleased to report another stellar quarter, maintaining a robust PAT run rate of approximately ₹50 crore while achieving our highest PAT margin in six years at 33%. This milestone reflects our unwavering commitment to operational excellence, stringent cost controls, and maximizing realizations across our diverse project portfolio. Our luxury and mid-segment developments continue to garner strong demand across MMR's most sought-after locations. With rapid construction progress across all sites, we remain steadfast in our promise of timely project delivery and customer satisfaction. Key milestones this quarter include the receipt of the Part OC for another tower at Marathon Nexzone, Panvel, bringing the total to 2,500 units with OC at the project. This marks another step forward in our commitment to timely project delivery. With a robust pipeline of upcoming launches and a well- planned fundraising initiative on the horizon, we are well-positioned to drive sustained growth and solidify our leadership in the markets we serve." Operational Highlights for Q3 FY25* Area sold stood at 57,021 sq. ft. Booking value stood at Rs. 131 crores Collections stood at Rs. 162 crores Consolidated Q3 FY25* Financial Performance Total Revenues stood at Rs. 150 crores EBITDA stood at Rs. 69 crores Profit before Tax (PBT) stood at Rs. 53 crores Profit After Tax (PAT) stood at Rs. 49 crores PAT Margin at 33% Operational Highlights for 9M FY25* Area sold stood at 185,627 sq. ft. Booking value stood at Rs. 417 crores Collections stood at Rs. 530 crores Consolidated 9M FY25* Financial Performance Total Revenues stood at Rs. 488 crores EBITDA stood at Rs. 211 crores Profit before Tax (PBT) stood at Rs. 146 crores Profit After Tax (PAT) stood at Rs. 136 crores PAT Margin at 28% Net Debt Net Debt stood at Rs. 663 crores as on 31st December '24 Net Debt to Equity stood at 0.58x as on 31st December '24 Cash Flows As on 31st December '24, Balance collections from sold units (completed + Ongoing) in all launched projects stood at Rs. 693 crores. Total pending estimated project cost to be incurred stands at Rs. 750 crores. Total estimated revenue from unsold inventory stands at Rs. 1,353 crores. Net Surplus cashflow stands at Rs. 1,296 crores. *Based on 40% revenue share for Monte South project Note: Data based on Carpet Area About Marathon NextGen Realty Ltd. For over 52 years now, Marathon Group has been helping shape Mumbai's skyline. Founded in 1969 by Ramniklal Zaverbhai Shah, the Group has completed over 100 projects in the city with a portfolio encompassing townships, affordable housing, luxury residential, retail, small business spaces, and corporate parks. Marathon is design-driven and engineering-focused with a leadership team comprising of technocrats. Mr. Chetan Shah, Chairman & Mr. Mayur Shah, Vice-Chairman, and the third generation of the company comprising of the three head of project –Mr. Kaivalya Shah, Mr. Parmeet Shah, and Mr. Samyag Shah are highly qualified having completed their education from US and bring years of real estate experience. Marathon has strong in-house capabilities in design, engineering, execution, marketing, and sales and prides itself on its transparency, customer-centricity and is among one of the most trusted Developers. The Group has ongoing projects & land banks at Lower Parel, Byculla, Mulund, Bhandup, Thane, Dombivli and Panvel. More information is available at For further information, please contact: Mr. Kaivalya ShahDirector - Marathon Nextgen Realty LimitedE: Binay SardaVice PresidentEY LLPEmail: Nachiket KaleSenior AssociateEY LLP DISCLAIMER: Some of the statements in this communication may be 'forward-looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the company's operations include changes in the industry structure, significant changes in the political and economic environment in India and overseas, tax laws, duties, litigation, and labour relations. Logo: View original content to download multimedia: Sign in to access your portfolio
