Max Estates has released its investor presentation for the second quarter of fiscal year 2027. The document details the company’s operating performance, portfolio growth, and financial results. Key highlights include residential pre-sales and realization figures, commercial annuity portfolio updates, and a robust pipeline of upcoming projects across Delhi NCR. The presentation also outlines the company’s strategic pillars for sustainable growth and its partnerships.
Max Estates Investor Presentation Q2 FY27
Max Estates Limited has issued its investor presentation for the quarter ending September 2026 (Q2 FY27). The presentation provides a comprehensive overview of the company’s operational achievements, expanding portfolio, and financial health.
Operational Performance and Portfolio Growth
The report highlights consistent ₹5,000 Cr+ pre-sales delivered at a rising realization in the residential segment. The company’s pre-sales booking value for FY24 stood at ₹1,841 Cr, growing to ₹5,321 Cr in FY25 and ₹5,305 Cr in FY26, with ₹3,184 Cr in H1 FY27. Price realization has also seen a steady increase, reaching ₹23,775 per sq. ft. in H1 FY27. The total portfolio has grown to 25.9 mn sq. ft., with significant expansion in both Commercial (WorkWell) and Residential (Live Well) segments.
Commercial Annuity Portfolio
The commercial annuity portfolio is scaling towards an estimated ₹700 Cr of peak rental income. The occupied commercial assets, including Max Towers and Max House I, are 100% occupied at a premium to micro-market rates. Max Square and Max House II also report 100% occupancy.
Financial Highlights
For Q2 FY27, Max Estates reported consolidated revenue of ₹52.8 Cr and consolidated EBITDA of ₹5.3 Cr. Net debt stood at ₹219 Cr. Collections for Q2 FY27 were up 2x YoY at ₹560 Cr, with pre-sales also showing strong growth of 14x YoY.
Strategic Growth and Partnerships
The presentation emphasizes five key growth engines: Institutional Governance & Leadership, Talent & Organizational Capability, Community Impact & Social Responsibility, Sustainable Development, and Experience-Led Asset Diversification. The company also highlights its strategic partnership with New York Life, a relationship built over 25 years. The pipeline includes near-term launches and a long-term trunk acquisition in Delhi comprising approximately 85 acres of land.
Project Pipeline and Development
Max Estates has a robust pipeline of projects across Delhi NCR, including under-construction assets in Gurugram and Noida. Notable projects include Max Square Two, Max District, Estate 128, Estate 360, Estate 361, Estate 105, and Max One. The company is also expanding into new micro-markets like Ghaziabad with a capital-light JDA model.
Source: BSE
