Marathon Nextgen Realty Reports Multi-Quarter High Revenue Of Rs 217 Crore In Q1 FY27 As Net Profit Reaches Rs 52 Crore
Mumbai, August 13, 2026: Marathon Nextgen Realty Limited announced its financial results for the first quarter ended June 30, 2026, reporting a total revenue of Rs 217 crore, reaching a multi-quarter high. The Mumbai-based real estate developer, engaged in residential and commercial project development across the Mumbai Metropolitan Region, delivered a consolidated EBITDA of Rs 66 crore and recorded a net profit after tax of Rs 52 crore for Q1 FY27.
The company maintained a strong balance sheet position, remaining net debt-free with a positive net cash position during the quarter. On the operational front, Marathon Nextgen Realty recorded registered booking values of Rs 86 crore on an existing portfolio basis and Rs 108 crore on a merged portfolio basis, which includes a 40% revenue share for the Monte South project. Total collections for the quarter reached Rs 118 crore for the existing portfolio and Rs 146 crore for the merged portfolio, with sold area standing at 0.38 lakh sq ft and 0.46 lakh sq ft respectively, Marathon Nextgen Realty said in a press release.
During the quarter, the developer achieved full Occupancy Certificates for the Cedar and Daffodil towers at its Nexzone project in Panvel, marking an important milestone to facilitate customer handovers and support future collections. Construction activity across its major projects at Monte South, Bhandup, and Nexzone progressed as scheduled. The company also expanded its long-term development pipeline by adding two new redevelopment projects in Versova and Sewri, representing a combined gross development value of Rs 900 crore.
Commenting on the performance, Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said: “We have commenced FY27 on a healthy note with another quarter of profitable growth, supported by disciplined execution across our portfolio. The quarter reflects the resilience of our business model, with strong profitability, healthy collections and steady operational progress, while maintaining our net debt-free balance sheet and financial flexibility.”
Highlighting execution milestones and pipeline expansion, Chetan Shah added: “Execution continues to remain our foremost priority. During the quarter, we achieved full Occupancy Certificates for the Cedar and Daffodil towers at Nexzone, an important milestone that enables customer handovers and supports future collections. Construction activity across our key developments at Monte South, Bhandup and Nexzone continues to progress as planned, reflecting our consistent focus on timely delivery and operational excellence. We also strengthened our long-term development pipeline by adding two redevelopment projects in Versova and Sewri, totaling to a GDV of Rs 900 crore. These additions reinforce our strategy of expanding through selective redevelopment opportunities in well-connected Mumbai micro-markets while maintaining a disciplined approach to capital allocation.”
Outlining the market outlook and strategic direction, Chetan Shah noted: “The Mumbai real estate market continues to demonstrate resilience, supported by sustained end-user demand, improving infrastructure and ongoing urban transformation across the MMR region. We believe these structural drivers, combined with our diversified portfolio across residential and commercial developments, position us well to capitalise on future opportunities. Looking ahead, our priorities remain unchanged — timely execution of our existing projects, disciplined capital deployment, expansion of our redevelopment platform, building our PTC sales portfolio as an additional growth vertical, and continued focus on creating sustainable long-term value for our shareholders.”
