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 9-month profit after tax of INR 161 crores, driven by strong commercial and steady residential performance.
Revenue & Collections: 9-month revenue reached INR 487 crores, with booking value of INR 421 crores and collections of INR 578 crores from about 1.8 lakh sq ft of sales.
Debt Position: The company is now effectively net debt-free after repaying nearly INR 340 crores of debt from QIP proceeds.
Post-Merger Growth: Post-merger, sales area, booking value, and collections saw sizable increases, with large land parcels in Panvel, Dombivali, and Bhandup coming into the portfolio.
Project Updates: Commercial projects like Futurex and Millennium, and residential projects like Monte South, Nexzone, and NeoValley are progressing well, with strong sales and launches planned.
MMR Focus: The company remains focused on the Mumbai Metropolitan Region, with no immediate plans to expand to other cities.
Market Outlook: Management remains bullish on Mumbai real estate due to infrastructure projects and demand strength across segments.
