Max Estates Ltd

Max Estates announced that the 10th Annual General Meeting(AGM) of the company will be held on 19 August 2026.

The company has sold 487 units in Q1 FY27 across its projects in Noida and Gurugram compared to 43 units sold in Q1 FY26, reflecting more than a tenfold increase in unit sales. Collections stood at Rs 500 crore in Q1 FY27. The company said that its annual collections across its residential projects typically range between 20'25% of the sales value, enabling it to undertake construction without incurring any incremental debt for its residential projects. The company entered FY27 with GDV pipeline of around Rs 17,200 crore comprising projects Estate 105, Max One, Estate 361 and the high-potential residential community in Sector 59, Gurugram. The company plans to launch major projects in Noida and Gurugram in Q2 and Q3 of FY27. In addition, the company aspires to add 2 million sq. ft. in the residential segment every year. The company's commercial portfolio continues to be 100% leased, generating annual rental income of more than Rs 150 crore. It expects the overall commercial portfolio, including completed, under-construction and acquisition assets, to have the potential to generate annual rental income of over Rs 700 crore over the next five years. The company aspires to add 1 million sq. ft. in the commercial segment every year. Max Estates is a leading Real Estate developer in the NCR region. The company has developed a very well diversified portfolio of real estate across the two asset classes in Delhi NCR. The company reported a consolidated net loss of Rs 4.08 crore in Q4 FY26 compared with net profit of Rs 13.99 crore in Q4 FY25. Revenue from operations jumped 24.26% YoY to Rs 49.43 crore in Q4 FY26.Powered by Capital Market - Live

Max Estates has allotted 9,644 equity shares under ESOP on 23 June 2026. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from Rs 1,63,48,76,260/- to Rs 1,63,49,72,700 /- comprising of 16,34,97,270 equity shares of Rs 10/- each.

The company's net revenue for Q4 FY26 increased 24.25% year-on-year to Rs 49.43 crore. During the quarter, Max Estates reported a negative EBITDA of Rs 3.4 crore, against a positive EBITDA of Rs 9.1 crore in Q4 FY25. EBITDA margin stood at negative 6.9%, compared with 22.8% in the year-ago period. Pre-tax loss for the quarter came in at Rs 6.17 crore, as against a profit before tax of Rs 21.28 crore reported in the corresponding period last year. On the operational front, total leased area as of 31 March 2026 stood at 1.23 million square feet. Lease rental income from Max Towers, Max House (Phase I & II), and Max Square rose 40% year-on-year to Rs 154 crore in FY26. The company said its total debt as of March 2026 stood at Rs 1,855 crore, including lease rental discounting (LRD) borrowings of Rs 973 crore. Cash and cash equivalents were at Rs 1,758 crore, resulting in a net debt position of Rs 97 crore. Collections during FY26 rose 61% year-on-year to Rs 1,578 crore, with Q4 FY26 contributing Rs 650 crore. The company said its payment plans remain evenly structured across project lifecycles, enabling residential construction without debt dependency. For the full financial year FY26, Max Estates reported a 40.63% decline in consolidated net profit to Rs 15.69 crore, while revenue increased 24.27% to Rs 199.45 crore compared with FY25. Sahil Vachani, Vice Chairman & MD of Max Estates, said, Delhi-NCR's residential market moderated in 2026 amid global uncertainty and cautious sentiment, yet Max Estates crossed Rs 5,300 crore in pre-sales for the second consecutive year, affirming the strength of our platform and the trust our customers continue to place in us. As we enter FY27, a GDV pipeline of over Rs 17,200 crore, net debt of Rs 97 crore and annuity rental potential of Rs 700+ crore position us well for sustained growth. We will continue to build with purpose and deliver experiences that make a positive and meaningful impact.' Max Estates 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 the commercial office platform. The counter rose 1.57% to Rs 435.70 on the BSE. Powered by Capital Market - Live

Net loss of Max Estates reported to Rs 5.01 crore in the quarter ended March 2026 as against net profit of Rs 17.34 crore during the previous quarter ended March 2025. Sales rose 24.26% to Rs 49.43 crore in the quarter ended March 2026 as against Rs 39.78 crore during the previous quarter ended March 2025. For the full year,net profit declined 69.35% to Rs 12.51 crore in the year ended March 2026 as against Rs 40.81 crore during the previous year ended March 2025. Sales rose 24.28% to Rs 199.45 crore in the year ended March 2026 as against Rs 160.49 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales49.4339.78 24 199.45160.49 24 OPM %-6.4722.78 -11.9027.66 - PBDT1.7630.03 -94 55.6671.72 -22 PBT-6.1721.28 PL 23.2537.62 -38 NP-5.0117.34 PL 12.5140.81 -69 Powered by Capital Market - Live

Max Estates will hold a meeting of the Board of Directors of the Company on 22 May 2026.

The project is part of Estate 361, positioned along the Dwarka Expressway growth corridor in Gurugram. The project is designed as an integrated community concept that combines smart residences, shared terraces, wellness spaces, nature-centric living and managed lifestyle services. 'The Terraces' offers 1.5-bedroom and 2-bedroom smart homes along with duplex loft residences. The project forms part of Estate 361, a larger 18.23-acre mixed residential development with an overall GDV of Rs 9,000 crore. Phase 1 of The Terraces comprises 120 residences, with prices starting at Rs 2.4 crore. Sahil Vachani, vice chairman & managing director, Max Estates, said: 'At Max Estates, we believe homes should evolve with the way people live. Estate 361 is that vision - a fully intergenerational community, built on four decades of the Max Group's ecosystem of care, designed for every stage of life. The Terraces is its most vibrant expression. Its eight shared terraces bring leisure, wellness and community directly into the building - because for us, it is not just about helping people live well but helping them live longer.' Max Estates 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's consolidated net profit tumbled 99.87% to Rs 0.02 crore despite a 24.3% increase in revenue from operations to Rs 49.77 crore in Q3 FY26 over Q3 FY25. The scrip fell 0.76% to settle at Rs 391.90 on the BSE.Powered by Capital Market - Live

Max Estates has launched The Terraces, its newest residential offering within Estate 361 in Sector 36A, Dwarka Expressway, Gurugram. Designed for people who want more from home than just private square footage. The Terraces brings together smart residences, shared terraces, wellness, nature and managed living within one integrated community. The Terraces offers 1.5 & 2-bedroom smart homes and duplex loft residences. The project has a gross development value of Rs 1,200 crore and is part of Estate 361, which has an overall GDV of Rs 9,000 crore spanning 18.23 acres. Phase 1 of The Terraces comprises 120 residences starting at Rs 2.4 crore.

Max Estates has launched a movement-first residential community, Estate 105 [RERA No.: UPRERAPRJ529777/03/2026], located in Sector 105, Noida. Estate 105 is part of a larger ~10.33 acre planned development, with the first phase estimated to have Gross Development Value (GDV) of Rs 3,000 crore. Estate 105 is a low-density, movement-first residential community designed to nurture well being and vitality, focusing on the need to relook at how movement is integrated into everyday life. Estate 105 is an IGBC Platinum pre-certified residential community designed to meet the highest standards of sustainable living with 270 homes across 2 residential towers. It features 2.5 acres of car-free biophilic landscape and has one of its kind elevated walkway in Delhi NCR, an elevated jogging track looping around the estate and offering dedicated pedestrian access that seamlessly connects the entire campus. Estate 105 sits right along the Noida-Greater Noida Expressway, with seamless connectivity to DND Flyway, paired with the calm of a 35m-wide, ~3 acre green belt on the other side.Powered by Capital Market - Live

Max Estates has secured the RERA [UPRERA No.: UPRERAPRJ9759] for Max One, the development around Max Towers, Sector 16B, Noida. This brings renewed optimism for customers after the insolvency of erstwhile developer. With construction to commence shortly at Max One, the focus firmly shifts to the future, signaling momentum and progress. The ~10-acre development with ~2.5 mn sq ft potential is envisioned as a globally benchmarked urban destination, drawing inspiration from leading global districts such as Hudson Yards (New York), One Blackfriars (London), and Marina One (Singapore). It is planned as a landmark integrated mixed-use destination featuring by-invite-only ultra-luxury serviced residences, premium offices, curated retail, and a by-invite club. The project is expected to generate total sales potential of ~Rs 2,000 crore, along with an annuity rental income potential of ~Rs 120 crore.Powered by Capital Market - Live