Marathon Nextgen Realty Limited — Important, 11-11-2024: Financial Result Updates

Marathon Nextgen Realty Ltd. reported consolidated financial results for the quarter and half-year ended September 30, 2024. Revenue from operations stood at ₹14,598.96 crore, a robust year-over-year growth of 13% driven by strong demand and strategic project launches. Total income was ₹16,573.40 crore, reflecting a similar growth trend.

Net profit for the period was ₹4,945.91 crore, compared to ₹3,449.43 crore in the corresponding quarter last year, leading to an EPS of ₹9.46, up from ₹7.32. Operational costs increased due to heightened property development expenses, up 5% year-over-year, indicating ongoing investment in growth.

The balance sheet remains healthy, with total equity at ₹97,949.59 crore and cash flow from operations amounting to ₹7,501.34 crore, supporting the company's strategic expansions. Investors may consider a “buy” stance, given the strong growth trajectory and solid financial fundamentals amid market challenges.