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MAMAXESTATES

Max Estates Q3 FY26 results (Oct–Dec 2025) and concall

Realty · Concall AI · Call held 10 Feb 2026

Max Estates reported strong presales of over INR 1,900 crores for Estate 361 in Gurgaon, achieving premium pricing and high end-user demand. The company also secured a substantial pre-lease for its Max District commercial project, highlighting robust leasing momentum. With a launch pipeline of INR 14,500 crores GDV and aspirations to add 1-2 million sq ft residential and 1 million sq ft commercial annually, Max Estates is focused on growth in the NCR. Net debt increased to INR 414 crores due to strategic land acquisitions.

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What they filed

Q3 FY26: revenue up 24.3%, net profit down 99.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue40 40 40 51 49 +21%50 +24%
EBITDA9 12 9 14 10 +18%3 −75%
Net profit-1 16 14 12 8 +667%0 −100%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.