Max India Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Max India's Q1 FY'26 saw consolidated net revenue of INR 41.3 Cr and EBITDA of INR 23.3 Cr, supported by treasury income. The company is in a significant scale-up phase across its businesses.

Residential highlights include fully selling Estate 360 Gurugram inventory and strong collections. New projects in Gurugram (Estate 361) and Chandigarh are advancing, surpassing development goals. Noida’s occupancy certificate issue is actively being resolved, with strong Phase 2 pricing upside.

Antara Assisted Care’s net revenue grew 2.2x, expanding Care Home capacity and boosting occupancy. AGEasy D2C business also rose 2.2x, enhancing profitability through celebrity endorsement, new partnerships, and patent filings for innovative products. Management is confident in achieving breakeven for AGEasy by FY'27/early FY'28, driven by ongoing execution and a debt-free balance sheet.