Max Estates announced its unaudited consolidated financial results for Q3 2026. Revenue from operations stood at ₹4,977.25 lakhs. Profit before tax was recorded at ₹2,942.41 lakhs, and profit after tax reached ₹1,977.26 lakhs. The company also reported earnings per share of ₹1.23. Further, the company completed the acquisition of Base Buildwell Private Limited (BBPL) on December 26, 2025.
Financial Performance Overview
Max Estates has released its unaudited consolidated financial results for the quarter ended December 31, 2025 (Q3 2026). Key financial highlights from the report include:
- Revenue from operations: ₹4,977.25 lakhs
- Other income: ₹2,167.69 lakhs
- Total Income: ₹7,144.94 lakhs
- Profit before tax: ₹2,942.41 lakhs
- Profit after tax: ₹1,977.26 lakhs
- Earnings per share: ₹1.23
Segmental Performance
The company’s business activities are primarily focused on real estate and related activities, falling within a single reportable segment.
Acquisition of Base Buildwell Private Limited
On December 26, 2025, Max Estates completed the acquisition of Base Buildwell Private Limited (BBPL). BBPL holds development rights over a 7.25-acre land parcel in Gurugram. Max Estates subscribed to equity share capital and Compulsorily Convertible Debentures (CCDs) of BPPL for a total consideration of ₹32,000 lakhs. The company also paid an interest-free refundable security deposit of ₹11,800 lakhs.
Update on QIP Proceeds
As of the report, ₹62,344.44 lakhs has been utilized for land acquisition, with ₹12,957.55 lakhs allocated for general corporate purposes, totaling ₹75,301.99 lakhs utilized from the QIP proceeds. The remaining funds have been temporarily invested in fixed deposits.
Other Key Updates
During the quarter, Max Estates Gurgaon Two Limited launched Phase I of the project “Estate 361”, located in Sector 36A, Gurugram.
On October 10, 2025, Mr. Sunil Vachani’s warrants have been fully paid, leading to the allotment of 11,41,552 equity shares.
Source: BSE
