MARATHON NEXTGEN REALTY LTD. Q3 FY26 Results

In the first nine months of FY26, our strong focus on operational quality and timely delivery has taken us to new heights. We've registered our highest-ever 9M PAT of =161 crore, fueled primarily by robust contributions from our commercial portfolio, with residential delivering steady performance. Marathon Futurex, our flagship ready-to-move commercial tower in Lower Parel, continues to attract strong interest from discerning buyers, elevating average realizations. Marathon Millennium, our commercial project in Mulund, has also seen a strong response from small and medium enterprises. We remain bullish on the commercial sector's trajectory, anticipating sustained momentum through FY26 and beyond. Progress on our residential developments remains on a strong footing, reflecting our commitment to quality and speed. At Monte South, Tower A has already secured its Occupancy Certificate (OC), Tower B has OC up to the 45th floor with internal work advancing to the 62nd, and Tower C's RCC work is complete till the 17th floor. In Bhandup, Neovalley's RCC of one wing is complete and we have received environmental clearance for the additional part of this project. Neopark is in its advanced finishing stages—with RCC nearly complete and OC applications underway for select wings. Over in Panvel, Nexzone Phase 7 is complete with full OC and nearly 2,700 families enjoying their homes along with the amenities. The second phase is nearing completion and OC applications underway for select towers. Mumba's real estate landscape continues to thrive, bolstered by resilient end-user demand, enhanced connectivity via metro expansions and coastal roads, and transformative infrastructure projects across high-growth corridors. Our strong balance sheet provides significant financial flexibility to navigate market cycles and pursue high-quality opportunities. Our priorities are clear: complete our existing projects on schedule, maintain financial discipline, and grow in a manner that creates real, long-term value for our stakeholders. We're confident about the path ahead and our ability to execute our strategy effectively.”