Marathon Nextgen Realty Limited — Important, 21-05-2025: General Updates

Marathon Nextgen Realty has announced a board meeting on approving the financial results for the quarter and half-year. Consolidated net profit rose to ₹190.53 Cr from ₹168.78 Cr, driven by revenue growing to ₹670.40 Cr. Property development expenses increased to ₹390.84 Cr, reflecting active project execution. Net borrowing dropped from ₹74.06 Cr to ₹55.45 Cr, improving leverage. The Board proposed a 20% dividend. Key management hires bolster audit, marketing, and project execution. A revised share swap ratio was approved for the MRPL demerger scheme.