Marathon Nextgen Realty Ltd
NSE:MARATHON
Marathon Nextgen Realty Ltd
Marathon Nextgen Realty Ltd. engages in the construction, development, and sale of commercial and residential real estate projects. The company is headquartered in Mumbai, Maharashtra. The firm focuses on the re-development and rehabilitation of slums segment. The core business activities are carried out under various business model, including own development, through joint ventures and joint development and other arrangements with third parties. The Company’s wholly owned subsidiary Terrapolis Assets Private Limited, which is engaged in developing a project that comprises of rehab building for slum dwellers and free sale commercial building named Marathon Millennium. Sanvo Resorts Pvt Ltd (SRPL) subsidiary of the Company is developing a residential cum commercial complex in Panvel, District Raigad, contiguous to Mumbai.
Marathon Nextgen Realty Ltd. engages in the construction, development, and sale of commercial and residential real estate projects. The company is headquartered in Mumbai, Maharashtra. The firm focuses on the re-development and rehabilitation of slums segment. The core business activities are carried out under various business model, including own development, through joint ventures and joint development and other arrangements with third parties. The Company’s wholly owned subsidiary Terrapolis Assets Private Limited, which is engaged in developing a project that comprises of rehab building for slum dwellers and free sale commercial building named Marathon Millennium. Sanvo Resorts Pvt Ltd (SRPL) subsidiary of the Company is developing a residential cum commercial complex in Panvel, District Raigad, contiguous to Mumbai.
Record Profit: Marathon Nextgen reported its highest-ever quarterly profit after tax of INR 67 crores in Q2 FY '26, up 35% year-on-year.
Strong Sales Growth: Area sales for the quarter rose 18% YoY to 65,845 square feet, with booking value up 29% YoY to INR 166 crores.
Healthy Collections: Collections for Q2 remained stable at INR 191 crores, reflecting continued customer confidence.
Robust Pipeline: Major project launches include Monte South Commercial (7.5 lakh sq ft, INR 3,400 crores GDV), Nexzone Phase 3, and Neohomes in Bhandup.
Net Debt-Free: The company maintained a net debt-free position, supported by steady collections and disciplined capital allocation.
Land Bank Strategy: Management aims to rapidly monetize its land bank of over 400 acres through self-development, partnerships, and new project opportunities, leveraging recent capital raised via QIP.
Market Outlook: Management remains optimistic due to infrastructure developments in the Mumbai region and continues to see robust demand across both premium and affordable segments.
