Marathon Nextgen Realty Reports Strong Growth and Strategic Expansion

Q2 FY27 Profit After Tax stood at ₹45 crore, with total income for the quarter reaching ₹145 crore.

Reader Takeaway: Strong pre-sales growth and move to full ownership of flagship Monte South project boost mid-term outlook.

What just happened

Marathon Nextgen Realty Limited has announced its financial results for the quarter ended September 30, 2026. The company posted an EBITDA of ₹61 crore for Q2 FY27. Alongside financial disclosures, the company revealed a major strategic move to acquire the 60% stake currently held by Adani Realty in the Monte South project in Byculla for ₹335 crore. This transaction will grant Marathon 100% control of the project, funded via QIP proceeds and bank guarantees.

Why this matters

The acquisition simplifies project ownership for Marathon, allowing for better control over development timelines and margins. Simultaneously, the company added two significant redevelopment projects in Versova and Sewri, each with a gross development value (GDV) of over ₹450 crore, signaling a aggressive push into the Mumbai redevelopment market.

Operational Highlights

Residential pre-sales grew 70% quarter-on-quarter, fueled by a 155% surge in the affordable and mid-income segment. The commercial portfolio also saw positive momentum, with Marathon Futurex in Lower Parel securing a significant lease expansion from a financial services firm. The company also achieved full occupancy status at the Marathon Nexzone project in Panvel.

Corporate Strategy

The Board has approved the amalgamation of promoter group entities into the listed company. This move is designed to streamline the group structure and unlock value from land assets. Management continues to emphasize a net debt-free balance sheet as a core pillar of their financial strategy.

What to track next

Investors should monitor the regulatory approval process for the proposed amalgamation and the construction progress of the new project pipeline in Versova and Sewri. Continued conversion of pre-sales into collections remains a key metric for cash flow health.