Max Estates Reports Strong FY26 Results
Max Estates announced robust financial results for the fiscal year 2026, with pre-sales reaching INR 5,305 crore. This marks the second consecutive year the company has exceeded INR 5,000 crore in pre-sales.
Collections saw a significant boost, climbing 61% year-over-year to INR 1,578 crore. The company's commercial portfolio also performed well, with lease rental income increasing by 40% to INR 154 crore.
Key Financial Highlights
Max Estates detailed its FY26 performance, which included:
- Pre-sales: INR 5,305 crore (up from INR 5,321 crore in FY25).
- Collections: INR 1,578 crore (a 61% increase year-over-year).
- Lease Rental Income: INR 154 crore (a 40% increase year-over-year).
- Secured Development Pipeline: Over INR 17,200 crore in Gross Development Value (GDV).
- Net Debt: INR 97 crore as of March 2026.
- Consolidated Revenue: INR 199 crore.
- EBITDA: INR 24 crore.
- Profit Before Tax (PBT): INR 23 crore.
- Profit After Tax (PAT): INR 15 crore.
- Total Leased Area: 1.23 million square feet as of March 2026.
- Max Asset Services Revenue: INR 88 crore.
Growth Drivers and Future Plans
These results underscore Max Estates' strong market execution and strategic focus on building a stable, annuity-based revenue stream through its commercial properties. The substantial GDV pipeline provides clear visibility for future growth.
The company plans to expand its portfolio by adding approximately 2 million square feet of residential space and 1 million square feet of commercial space annually. Upcoming projects include a new development in Gurugram (Sector 59) slated for launch in Q4 FY27, and Phase 2 of Estate 105 in Noida, planned for FY27.
The completion of key assets like Max Square Two and Max District is expected to significantly enhance the company's recurring income. Max Estates also noted that forward-looking statements are subject to risks and uncertainties common in the real estate sector.
