Max Estates Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Max Estates reported consolidated revenue of INR161 Cr, EBITDA at INR45 Cr, and PAT of INR27 Cr in Q4 and FY25. Lease rental income rose 67% YoY to INR110 Cr with a 1.2 million sqft leased portfolio. Residential presales topped INR5,300 Cr, collections crossed INR980 Cr. Key projects Estate 128 and Estate 360 showed strong sales; Delhi One and Sector 105 Noida secured a strategic partner with a planned INR960 Cr equity infusion. FY26 presales are guided at INR6,000–6,500 Cr. Management focuses on premium offerings, NCR diversification, and operational scaling, with net debt at INR915 Cr (debt minus cash). Expansion beyond core NCR markets is being considered but not immediate.