Net profit of Max Estates rose 923.81% to Rs 2.15 crore in the quarter ended September 2024 as against Rs 0.21 crore during the previous quarter ended September 2023. Sales rose 96.10% to Rs 40.18 crore in the quarter ended September 2024 as against Rs 20.49 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales40.1820.49 96 OPM %21.252.78 - PBDT7.20-2.66 LP PBT-1.21-9.03 87 NP2.150.21 924 Powered by Capital Market - Live

Net profit of Max Estates rose 4174.69% to Rs 241.52 crore in the quarter ended September 2024 as against Rs 5.65 crore during the previous quarter ended September 2023. Sales declined 21.26% to Rs 7.48 crore in the quarter ended September 2024 as against Rs 9.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7.489.50 -21 OPM %-41.985.26 - PBDT286.958.78 3168 PBT285.157.64 3632 NP241.525.65 4175 Powered by Capital Market - Live

Max Estates will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

In a regulatory filing made before market hours today, the Noida-based real estate developer stated that it had launched its first residential development Estate 360 in Gurugram on 27 August 2024 after receiving its RERA registration on 16 August 2024. Within 30 days of the launch, the project has garnered a pre-sales booking value of approximately Rs 4,100 crore surpassing the guidance of nearly Rs 4,000 crore provided by the company for FY25. The project has already received a collection of Rs 400 crore. With this successful launch, Max Estates revises the guidance for the total gross development value potential of Estate 360 from Rs 4,000 crore to Rs 4,800 crore in FY 25,' the company said in a statement. Sahil Vachani, MD & vice chairman of Max Estates said: We are overwhelmed by the response to our first inter-generational offering in Gurugram. As we look forward to introducing new LiveWell experiences, our primary focus remains on the execution of multiple projects and to scale the portfolio by adding nearly 3 million square feet every year. Commenting on this development, Rishi Raj, COO of Max Estates, stated: The successful launch of Estate 360, located in Sector 36A, Dwarka Expressway, Gurugram, has further reinforced Max Estates' decision to consolidate its presence in this sector by acquiring additional 18.23 acres of land contiguous to current development, earlier this year, through a joint development model (JDA) model. The project is under design and will be launched in phases starting next financial year, with overall development potential of nearly 4 million square feet and gross development value potential of approximately Rs 9,000 crore. Max Estates Limited is the real estate arm of the Max Group. The company develops premium commercial and residential spaces in Delhi NCR. The company has developed a very well diversified portfolio of real estate across the two asset classes in Delhi NCR and in this pursuit has partnered with New York Life Insurance Company (NYL) particularly for commercial office platform. The company reported a consolidated net profit of Rs 1.57 crore in Q1 FY25 as against a net loss of Rs 37.79 crore posted in Q1 FY24. Net sales zoomed 121.5% to Rs 40.49 crore in the June quarter from Rs 18.28 crore recorded in the same period a year ago. The scrip rose 0.83% to currently trade at Rs 614.90 on the BSE. Powered by Capital Market - Live

Max Estates launched its first Residential development in Gurugram - Estate 360 on 27 August 2024 after receiving its RERA registration (RC/REP/HARERA/GGM/860/592/2024/87) on 16 August 2024. Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of Rs 4,100 crore surpassing the guidance of Rs 4,000 crore provided by the company for FY 25. It has already received a collection of Rs 400 crore. With this successful launch, Max Estates revised the guidance for the total Gross Development Value potential of Estate 360 from Rs 4,000 crore to Rs 4,800 crore in FY 25. Estate 360 is Delhi NCR's first intergenerational residential community at scale designed by Gensler, a leading global design and architecture firm. It is designed with a deep understanding of generational needs, and endeavours to bring people together through intentional design, natural landscape and shared spaces covering more than 60 amenities catering to different age groups, cultures and lifestyles. Two of the six residences are dedicated to senior living managed by Antara Senior Living with a dedicated healthcare centre open to all residents of the community. The entire development is an IGBC Platinum Precertified incorporating sustainability best practices. Situated at the confluence of Dwarka Expressway, Central Peripheral Road and NH-8, the location has emerged as a hub for premium residential projects within Gurugram having seamless connectivity to the International Airport, different parts of Delhi as well key commercial and residential hubs within Gurugram. Powered by Capital Market - Live

Max Estates has allotted 1,53,059 equity shares under ESOP on 18 September 2024. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs 1,60,79,80,330/- to Rs 1,60,95,10,920/-, comprising 16,09,51,092 equity shares of Rs 10/- each. Powered by Capital Market - Live

Max Estates announced that Max House Phase 2, its premier commercial offering located in the heart of New Delhi, has achieved an impressive milestone of lease commitment for 100% of its space in less than a year of receiving its Occupancy Certificate. Max House (Phase I and II combined) is a boutique campus featuring two office towers and an amenities hub offering its tenants an ecosystem of F&B amenities, meeting and community building spaces. The total leasable area of the campus is ~2.6 lakh sq.ft., and of that Max House Phase II offers a leasable area of ~1.50 lakh sq. ft. The campus neatly weaves in access to nature, biophilia and art which has a very positive impact on wellbeing of its occupants. The location is well-connected and easily accessible from different parts of Delhi NCR with metro station at a walking distance of ~400 meters. This successful addition to our WorkWell portfolio furthers its commitment to bringing real wellbeing to real estate, added the company. The design vocabulary of Max House extends the narrative set by its Industrial vicinity and adapts it for a modern workforce. It integrates itself with its surroundings, a marked departure from typical commercial developments. Max House is LEED Gold certified for Green Building Strategies and IGBC Gold Rated for Health and Wellness aspects. Rishi Raj, Chief Operating Officer, Max Estates, said, Max House, with 100% occupancy, sets yet another benchmark uniquely bringing together combination of strategic location, product quality and end user experience anchored on Max Estates' WorkWell philosophy. We are proud to host a broad spectrum of marquee clients with a good mix in terms of domestic and international companies, cutting across sectors. 100% occupancy at a rental premium of 50 - 60% is not only a reflection of strong return to office phenomena, but also accelerating trend of flight to quality and market's appetite to pay premium for experiences enabling holistic wellbeing. Powered by Capital Market - Live

Max Estates will hold a meeting of the Board of Directors of the Company on 31 August 2024.Powered by Capital Market - Live

Net profit of Max Estates reported to Rs 1.57 crore in the quarter ended June 2024 as against net loss of Rs 37.79 crore during the previous quarter ended June 2023. Sales rose 121.50% to Rs 40.49 crore in the quarter ended June 2024 as against Rs 18.28 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales40.4918.28 121 OPM %37.6117.18 - PBDT5.893.94 49 PBT-2.880.25 PL NP1.57-37.79 LP Powered by Capital Market - Live

Max Estates will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live