Max Estates Limited announced robust performance for the first quarter of FY ’27, with pre-sales reaching ₹1,100 crore, marking a 5x increase year-on-year. The company reported consolidated revenues of ₹52 crore and a PAT of ₹8 crore. The company also highlighted a strong business development pipeline and a recent upgrade to an A+ credit rating from ICRA.
Max Estates Reports Strong Q1 FY27 Performance
Max Estates Limited has posted a strong start to the fiscal year, announcing significant growth in its first quarter (Q1) of FY ’27. The company achieved pre-sales of approximately ₹1,100 crore, a substantial 5x year-on-year increase. This impressive growth is attributed to the successful sell-out of Phase-1 of ‘The Terraces’ at Estate 361, Gurgaon, which contributed about ₹500 crore, alongside sustenance sales from its existing portfolio contributing another ₹600 crore.
Financial Highlights for Q1 FY27
Consolidated revenues for the quarter stood at ₹52 crore, with consolidated EBITDA reported at ₹8 crore. Profit before tax (PBT) was ₹11 crore, and profit after tax (PAT) reached ₹8 crore. All commercial assets, totaling 1.2 million square feet, were 100% leased, with lease rental income from Max Towers, Max House, and Max Square growing 5% year-on-year to ₹40 crore.
Business Updates and Future Outlook
The company’s residential pipeline for future launches and existing inventory stands at approximately ₹16,100 crore. Max Estates also launched ‘The Terraces’ within Estate 361 in Gurgaon, a project with a Gross Development Value (GDV) of ₹1,200 crore. Furthermore, the company has revised its Estate 105 Noida project’s development mix, enhancing its GDV to ₹6,000 crore. Max One, a part of the Delhi One project revival, has achieved a high sales value of ₹37,000 per square foot.
Commercially, all operating assets are at 100% occupancy. Max Towers continues to command significant pre-leasing premiums, with the latest lease signed at ₹156 per square foot per month. Max Square 2 and Max District are on track for occupancy certificates in FY ’28, adding to the annuity portfolio. The company also received a first-time issuer rating of A+ with a stable outlook from ICRA.
Source: BSE
