Marathon NextGen Realty Ltd Achieves Record 33% PAT Margin in Q3 FY25
Last Updated on, February 19th, 2025
Marathon Nextgen Realty Ltd, 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 : 57,021 sq. ft.
Sales Value : Rs. 131 crores.
Collections : Rs. 162 crores.
Consolidated Q3 FY25* Financial Performance
Total Revenue : Rs. 150 crores.
EBITDA : Rs. 69 crores.
Profit before Tax (PBT) : Rs. 53 crores.
Profit After Tax (PAT) : Rs. 49 crores.
PAT Margin : 33%.
Operational Highlights for 9M FY25*
Area sold : 185,627 sq. ft.
Sales Value : Rs. 417 crores.
Collections : Rs. 530 crores.
Consolidated 9M FY25* Financial Performance
Total Revenues : Rs. 488 crores.
EBITDA : Rs. 211 crores.
Profit before Tax (PBT) : Rs. 146 crores.
Profit After Tax (PAT) : Rs. 136 crores.
PAT Margin : 28%
Net Debt
Net Debt : Rs. 663 crores as on 31st December ’24.
Net Debt to Equity : 0.58x as on 31st December ’24.
Cash Flows
As on 31st December
Balance collections from sold units : Rs. 693 crores.
Total pending estimated project cost to be incurred : Rs. 750 crores.
Total estimated revenue from unsold inventory : Rs. 1,353 crores.
Net Surplus cashflow : 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 https://www.marathon.in/nextgen
