Marathon Nextgen to buy out Monte South for ₹335 Cr; Q2 FY27 profit falls to ₹45 Cr
Q2 FY27 total income fell to ₹145 Cr from ₹155 Cr a year earlier; PAT fell to ₹45 Cr from ₹67 Cr as EBITDA margin slipped to 42%.
By ScoutQuest · · 1 min read
- Q2 FY27 total income
- ₹145 Cr vs ₹155 Cr in Q2 FY26
- Q2 FY27 PAT
- ₹45 Cr vs ₹67 Cr a year earlier
- EBITDA margin
- 42% from 52% (EBITDA ₹61 Cr vs ₹80 Cr)
- Period
- Q2 & H1 FY27
- Positioning
- A Mumbai-focused listed developer of luxury residential and commercial projects that presents itself as holding ₹20,751 Cr of total GDV, and as net-cash after a ₹900 Cr QIP.
📉 Q2 FY27 consolidated total income was ₹145 Cr against ₹155 Cr in Q2 FY26, with EBITDA of ₹61 Cr versus ₹80 Cr and EBITDA margin down to 42% from 52%. Profit after tax fell to ₹45 Cr from ₹67 Cr, a 31% margin against 43% a year earlier.
📈 Across the portfolio the presentation prints total GDV of ₹20,751 Cr, sold GDV of ₹7,606 Cr and unsold GDV of ₹13,445 Cr, of which MNRL's share is ₹8,554 Cr. For ongoing projects it shows estimated revenue from unsold area of ₹1,858 Cr against cost to complete of ₹1,369 Cr, a surplus of ₹911 Cr.
📌 The company says it will acquire Adani Realty's 60% stake in Monte South, Byculla, for ₹335 Cr, taking ownership from 40% to 100%; it prints total GDV of ~₹9,400 Cr and unsold GDV of ~₹6,500 Cr there and states its share of unsold GDV will rise ~2.5x from ~₹2,600 Cr to ~₹6,500 Cr.
📉 Debt fell from ₹838 Cr in FY23 to ₹542 Cr in FY25 and nil in FY26 and H1 FY27, and the company says the ₹900 Cr QIP completed in June 2025, with ₹340 Cr earmarked for debt reduction, delivered a net cash position. It says a board-approved amalgamation adds 418 acres with 4.20 Cr sq. ft. of developable area.
Also from Marathon Nextgen Realty
Audio recording of November 4, 2026 conference call with analysts and investors uploaded on company website
4 Nov 2026
Marathon Nextgen discussed its approximately 7,000 crore GTV project acquisition with residential and commercial towers
3 Nov 2026
Marathon NextGen Realty approved acquisition of an additional 60% stake in the Monte South project for about Rs 335 crore, taking its ownership to 100%
3 Nov 2026
More numbers
- Total income, Q2 FY27145 (₹ Cr)
- Profit after tax, Q2 FY2745 (₹ Cr)
- Total income, Q2 FY26155 (₹ Cr)
- Profit after tax, Q2 FY2667 (₹ Cr)
- EBITDA, Q2 FY2761 (₹ Cr)
- EBITDA margin, Q2 FY2742%
- EBITDA margin, Q2 FY2652%
- Total GDV across portfolio20,751 (₹ Cr)
- MNRL share of unsold GDV8,554 (₹ Cr)
- Monte South total consideration₹335 Cr
- QIP raised₹900 Cr
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