MNMarathon Nextgen Realty503101Quarterly results

Board approves Q2/H1 results, inducts Independent Director into Audit Committee; project investment agenda deferred

Mr. Devendra Shrimanker, an existing Independent Director, inducted as a Member of the Audit Committee with effect from Oct 21, 2026.

By ScoutQuest · Wed 21 Oct 2026, 8:48 PM IST · 3 min read

Profit after tax YoY change

−32.1%

Period

30 September 2026

The board of Marathon Nextgen Realty met on Wednesday, October 21, 2026, from 2:30 p.m. to 6:20 p.m. It considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the auditors' limited review reports.

Other board decisions

• Mr. Devendra Shrimanker, an existing Independent Director of the company, has been inducted as a Member of the Audit Committee with effect from 21st October, 2026.
• The agenda item relating to approval of new/additional investments in Projects / SPVs was deferred.
• The trading window for dealing in the company's securities, closed for designated persons and their immediate relatives from Thursday, October 01, 2026, will remain closed till Friday, October 23, 2026.

Auditor's review conclusion

Rajendra & Co., Chartered Accountants, carried out a limited review of both the standalone and consolidated results. Their conclusion states that nothing has come to their attention that causes them to believe the statements are not prepared in accordance with the applicable accounting standards, or that they contain any material misstatement. A review is narrower in scope than an audit and no audit opinion is expressed.

Standalone results (quarter ended September 30, 2026)

• Revenue from operations: 6,203.55
• Total income: 8,667.61
• Profit before tax: 6,128.81
• Profit for the period: 4,425.93
• Net Profit for the period after share of joint ventures: 4,778.78
• Basic EPS: 7.09; Diluted EPS: 7.08

(All figures in Rs. lakh, unaudited)

Consolidated results (quarter ended September 30, 2026)

• Revenue from operations: 12,895.26
• Total income: 14,469.51
• Profit before tax: 5,972.31
• Net Profit for the period: 4,518.72
• Profit attributable to owners of the company: 4,393.48
• Basic EPS: 6.70; Diluted EPS: 6.70

(All figures in Rs. lakh, unaudited)

Half year picture

• Standalone 'Revenue from operations' for the half year ended September 30, 2026 was 10,128.78 lakh, with 'Profit for the period' of 7,754.03 lakh.
• Consolidated 'Revenue from operations' for the same half year was 32,645.49 lakh, with 'Net Profit for the period' of 9,761.71 lakh.

Balance sheet highlights (standalone, as at September 30, 2026)

• Total assets: 2,29,029.63 lakh
• Total equity: 2,24,085.81 lakh

What the notes to accounts say

• QIP utilisation: out of total proceeds of the Qualified Institutional Placement of Rs. 89,999.93 lakh, an amount of Rs. 69,539.60 lakh has been utilised for the objects of the QIP (including issue related expenses) up to September 30, 2026. Balance proceeds of Rs. 20,379.48 lakh are invested in mutual funds, debentures and bonds and Rs. 80.85 lakh are lying in the bank account.
• ESOP: during the quarter, employees exercised 24,005 vested options under ESOP 2020. The company allotted 24,005 equity shares of face value Rs. 5.00 each at an exercise price of Rs. 20.00 per share, ranking pari passu with existing equity shares.
• Scheme of amalgamation: the composite scheme involving Matrix Water Management Private Limited, Sanvo Resorts Private Limited, Marathon Realty Private Limited, Matrix Enclaves Projects Developments Private Limited, Matrix Land Hub Private Limited, the company, Marathon Energy Private Limited and others is before the National Company Law Tribunal, Mumbai. During the quarter the company shared the Company Scheme Petition (second motion) on September 24, 2026.
• Investment: the company made a further investment of Rs. 297.75 lakh through its wholly owned subsidiary Nexzone IT Infrastructure Private Limited in DVK Developers Private Limited, Shree S S Developers Private Limited and M/s Shree Swami Samarth Builders (together the DVK group).
• Revenue recognition: under a shareholder agreement dated 10th September, 2015 between Marathon Realty Private Limited and the company, revenue aggregating Rs. 1,926.13 lakh from the sale of the identified area in the commercial project Future X was recognised during the quarter, of which Rs. 837.87 lakh, representing 43.50%, has been shared with Marathon Realty Private Limited and shown as property development expenses.

Takeaway for a retail reader

The update is the routine quarterly outcome plus two governance items (a committee induction and a deferred investment proposal). The results are unaudited and reviewed, not audited. Reported revenue and profit lines for the quarter are the main numbers to read; the QIP utilisation note shows how much of the earlier fundraise has been spent and where the unspent portion sits.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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