Max India Limited — PPTs, 30-05-2025: Investor Presentation

1. Financial Highlights:

Consolidated revenue reached Rs 46 Cr in Q4FY25, rising 16% sequentially but down 8% YoY. Full year revenue fell 16% to Rs 164 Cr due to softer Residences sales. EBITDA loss widened to Rs 37.2 Cr in Q4 and Rs 99.1 Cr for FY25, pressured by higher marketing expenses and weaker Residences revenue. Residences operations posted Rs 24.5 Cr revenue (up 12% YoY), turned profitable ahead of plan with Rs 1+ Cr profit and Rs 85 Cr cash surplus from the Dehradun project. Care Homes revenue jumped 66% YoY to Rs 2.34 Cr and Care at Home grew 52% YoY to Rs 4.6 Cr with 25% margin in NCR. AGEasy product line scaled 4x in Q4 to Rs 16.6 Cr, achieving over Rs 75 Cr annual run rate.

2. Strategic Initiatives & Growth Drivers:

Launched an intergenerational community in Gurugram with ~90% bookings in 8+ months; Chandigarh community deal signed and Gurugram Phase II approvals underway. Care Homes expanding capacity with 43 beds added in Chennai plus 150 beds planned for Bengaluru and Chennai by H1 FY26. AGEasy portfolio broadened to 65+ products and 180 SKUs with improved import sourcing cutting COGS by 20%+. Marketing emphasis on digital channels, resident referrals, and targeting NRIs internationally.

3. Business Developments:

Formed partnerships with IIT Delhi (mobility aids), Dementia India Alliance, Wellbeing Nutrition (nutraceuticals), Boat (wearable tech under AGEasy), Dr. Lal PathLabs (diagnostics), and Axis Bank (senior care access). Rights issue raised Rs 124.23 Cr, oversubscribed 1.45x, boosting liquidity to ~Rs 370 Cr. Monetized non-core assets through sale of three Max Towers floors for Rs 105 Cr.

4. Market Position & Competitive Advantage:

Awarded “Operator of the Year – Senior Living” and earned first ASLI Certificate of Excellence. Strong customer satisfaction (88-95%) across verticals underpins leadership in senior residences and care services. Differentiated by intergenerational community model, tech-enabled offerings, and a diversified portfolio of services and products enabling scale advantages.

5. Investor Implications:

Robust liquidity and asset monetization fuel expansion plans across senior living and care segments. High-margin Care at Home and AGEasy product growth highlight solid upside, balanced by execution risks around regulatory delays and bed capacity scale-up. Strategic partnerships and brand endorsements position the company well for revenue growth and market leadership.