Calculate your SIP ReturnsExplore

Marathon Nextgen Realty Ltd Quarterly Performance Update – Q1FY25

16 July 20243 mins read by Angel One
Marathon Nextgen Realty reported ₹214 crore in pre-sales with a decrease in sales area by 21% QoQ. Collections rose to ₹272 crore.
Marathon Nextgen Realty Ltd Quarterly Performance Update – Q1FY25
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On July 09, 2024, Marathon Nextgen Realty Ltd announced its key consolidated operational updates for the quarter ending June 30, 2024, via a stock exchange filing.

Pre-sales

Total pre-sales for the quarter amounted to ₹214 crore, comprising registered sales of ₹68 crore and unregistered sales of ₹146 crore.

Operational Highlights

  • The area sold totalled 79,239 sq. ft., reflecting a decrease of 21% compared to the previous quarter.
  • Sales value amounted to ₹214 crores, marking a 10% decrease quarter-on-quarter.
  • Collections reached ₹272 crore, showing an 8% increase from the previous quarter.

Net Debt

As of the end of Q1FY25, Marathon Nextgen Realty Ltd’s net debt stood at ₹728 crore, aligning with their strategy to reduce debt to a sustainable level.

Receipt of Occupancy Certificate (OC)

During Q1FY25, Marathon Nextgen Realty Ltd obtained the Occupancy Certificate for Tower Atria of the Marathon Nexzone project up to the 26th floor.

Here’s the performance summary for Q1FY25 in a structured table format:

Metric Q1FY25 Q1FY24 Change QoQ
Pre-Sales Area (Sq. Ft.) 79,239 1,43,429 -45.00%
Pre-Sales Value (₹ crore) 214 398 -46%
Collection (₹ crore) 272 233 17%

Note: Numbers include the full value of JV projects.

Note: 

  1. a) Unregistered Sales refer to transactions where advance payments have been received, but formal registration has not yet occurred.
  2. b) Starting from Q1FY25, the Sales Area indicates the Carpet Area.

About Marathon Nextgen Realty Ltd

Marathon Nextgen Realty Ltd, established in 1978, focuses on constructing and selling commercial and residential real estate projects. They are expanding into SEZs, townships, infrastructure, entertainment, education, hospitality, and capital markets. They have ongoing projects spanning approximately 4 million square feet with over 15,000 homes planned. Their projects include Millennium in Mulund, Futurex in Lower Parel, NeoHomes in Bhandup, Nexzone in Panvel, and Monte South in Byculla. Marathon Group also owns significant land banks across the Mumbai Metropolitan Region, with over 100 acres each in Panvel, Thane, and Bhandup and more than 50 acres in Dombivli.

On July 10, 2024, Marathon Nextgen Realty Ltd’s share price opened at ₹602.00, touching the day’s low at ₹577.20 as of 11:42 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Open Free Demat Account!
Enjoy Zero Brokerage on Stock Investments.