Max Estates Ltd

Max Estates has allotted 5,684 equity shares under ESOP on 13 March 2025. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs 161,00,00,840/- comprising of 16,10,00,084 equity shares of Rs 10/- each.Powered by Capital Market - Live

Net profit of Max Estates reported to Rs 19.75 crore in the quarter ended December 2024 as against net loss of Rs 3.14 crore during the previous quarter ended December 2023. Sales rose 65.66% to Rs 40.04 crore in the quarter ended December 2024 as against Rs 24.17 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales40.0424.17 66 OPM %28.9025.94 - PBDT28.59-1.31 LP PBT20.43-8.20 LP NP19.75-3.14 LP Powered by Capital Market - Live

Max Estates will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live

The said land parcel has been secured through allotment from NOIDA. The company intends to develop 2.6 million square feet with 40 percent residential (group housing) and 60 percent commercial (including office, retail and service apartments). The project has a gross development value (GDV) potential of more than Rs 3,000 crore and an annuity rental income potential of Rs 140 crore. The land acquisition is structured with a deferred payment plan, requiring an upfront payment of Rs 284 Crore, with the balance payable in eight half-yearly instalments. With this acquisition, Max Estates now has a total real estate portfolio of 17-plus million square feet well diversified across Delhi NCR in terms of geographical footprint (Delhi, Noida and Gurugram), asset classes (residential and commercial) and risk spectrum (delivered, under construction, under design and in acquisition). On the residential front, post successful launch of Estate 128 and Estate 360 with combined booking value of Rs 7,500 crore, Max Estates already has a launch pipeline of over 7 million square feet with gross development value (GDV) potential of more than Rs 14,000 crore to be delivered in FY 26 and FY 27. The commercial portfolio of Max Estates now has annuity rental income potential (across delivered, under construction and in acquisition) of over Rs 700 crore on a 100% basis. Rishi Raj, COO of Max Estates said: We are delighted with the acquisition of the mixed-use development opportunity adding 2.6 million square feet of development potential to our portfolio, a rare opportunity in a supply deficit market like Noida to meet our growth aspiration across both asset classes that Max Estates focusses on ' residential and commercial segments. As a part of our stated growth aspiration, Max Estates will continue to acquire at least 3 million square feet across residential and commercial asset classes every year to further scale its portfolio leveraging capital raised through QIP, New York Life Insurance's investment in Max Towers and Max House, preferential allotment of warrants as well as other sources like lease rental discounting.' 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 has reported a consolidated net profit of Rs 2.15 crore in the quarter ended September 2024, which is significantly higher as compared with the PAT of Rs 0.21 crore during the previous quarter ended September 2023. Sales rose 96.10% to Rs 40.18 crore in Q2 FY25 over Q2 FY24. The scrip slumped 7.10% to currently trade at Rs 494.90 on the BSE. Powered by Capital Market - Live

Max Estates along with its consortium partners, announces the acquisition of a strategically located 10.33 acre mixed-use land parcel in Sector 105 on Noida-Greater Noida Expressway, for Rs 711 crore. Secured through allotment from NOIDA, this acquisition presents an opportunity to develop 2.6 mn square feet with 40 percent Residential (Group Housing) and 60 percent Commercial (including Office, Retail and Service Apartments). The project has a Gross Development Value (GDV) Potential of Rs 3,000+ crore and an Annuity Rental Income potential of Rs 140+ crore. The land acquisition is structured with a deferred payment plan, requiring an upfront payment of Rs 284 crore, with the balance payable in eight half-yearly instalments. With this acquisition, Max Estates now has a total real estate portfolio of 17+ mn square feet well diversified across Delhi NCR in terms of geographical footprint (Delhi, Noida and Gurugram), asset classes (Residential and Commercial) and risk spectrum (delivered, under construction, under design and in acquisition).Powered by Capital Market - Live

Max Estates 128, a wholly owned subsidiary of Max Estates, announced the successful launch of Phase II of Estate 128, Noida. Estate 128 - II is registered with UP RERA number UPRERAPRJ294911/12/2024 and comprises the 4th tower, further expanding the thriving community of the first 3 towers, launched in July 2023. Building on the success of the first phase, the second phase has achieved a pre-sales booking value of Rs 845 crore within a week of its launch, and has surpassed the company's original guidance of Rs 800 crore as the booking value potential for this phase. Combining both phases, the Estate 128 community will now comprise 4 towers with 268 units, spanning 10 acres and a total booking value of approximately Rs 2,700 crore. With the successful launch of Estate 128-II and Estate 360, Max Estates' recently launched residential project in Gurugram, the company has already achieved a booking value of approximately INR 5,000 Crores in the first nine months of FY25. This performance is well within the company's full-year guidance of Rs 4,800-5,200 crore. Powered by Capital Market - Live

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