Marathon Nextgen Realty Ltd — Earnings Release 2024

Nov 6, 2023

SRINIVAS Digitally signed by SRINIVAS RAGHAVAN RAGHAVAN KRISHNAMURTHY KRISHNAMURTHY Date: 2023.11.06 18:53:19 +05'30'

BSE: 503101 | NSE: MARATHON | ISIN: INE182D01020 | SECTOR: REAL ESTATE

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Quarterly Earnings Release | Q2 FY24

Mumbai, November6, 2023: Marathon Nextgen Realty Ltd., one of the leading real estate company engaged in the development of residential and commercial projects, announces its financial results for the Second Quarter (Q2FY24) and six months (H1FY24) period ended September 30[th] , 2023.

• Recorded H1FY24 booking value of Rs.384 crores, area sold stood at

• 2,62,896 sq. ft

• Robust Launch Pipeline of upcoming projects of 31.5 lakh sq. ft.

Commenting on the Company’s performance, Mr. Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said, “We are delighted to post yet another quarter of strong performance on the back of robust and resilient demand environment. This consolidation, along with the reduction in inventory levels, has created an optimistic landscape for us and the entire industry. The strong demand for our projects and our ability to efficiently execute on our development plans have been key drivers of our success. Our strong performance during the first Half of the Fiscal Year has boosted our confidence, and we are steadfast in our belief that we will continue to set new milestones moving forward. The positive outlook for the future is further supported by our healthy launch pipeline and our access to vast land parcels across the Mumbai Metropolitan Region (MMR), which we are primed to develop. We look forward to the future with great optimism and anticipate reaching new heights as we continue to shape the real estate landscape in Mumbai.”

Operational Highlights for Q2FY24*

• Area sold stood at 1,31,905 sq. ft.

• Booking value stood at Rs.185 crores

• Collections stood at Rs.135 crores

• Average Realization stood at Rs.16,405 per sq. ft. for commercial and Rs.15,620 per sq.ft. for Residential.

Operational Highlights for H1FY24*

• Area sold stood at 2,62,896 sq. ft.

• Booking value stood at Rs.384 crores

• Collections stood at Rs.301 crores

• Average Realization stood at Rs. 18,580 per sq. ft. for commercial and Rs. 12,666 per sq. ft. for Residential.

Consolidated Q2FY24 Financial Performance

• Net Revenues stood at Rs.129 crores compared to Rs.170 crores in Q2FY23

• EBITDA stood at Rs.66 crores compared to Rs.52crores in Q2FY23

• Profit before Tax (PBT) stood at Rs.35 crores compared to Rs.16 crores in Q2FY23

• • Profit After Tax (PAT) stood at Rs.34 crores compared to Rs.16 crores in Q2FY23

BSE: 503101 | NSE: MARATHON | ISIN: INE182D01020 | SECTOR: REAL ESTATE

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Quarterly Earnings Release | Q2 FY24

Consolidated H1FY24 Financial Performance

• Net Revenues stood at Rs.339 crores compared to Rs.268 crores in H1FY23

• EBITDA stood at Rs.146 crores compared to Rs.99 crores in H1FY23

• Profit before Tax (PBT) stood at Rs.80 crores compared to Rs.30 crores in H1FY23

• • Profit After Tax (PAT) stood at Rs.78 crores compared to Rs.27crores in H1FY23

Net Debt

• Net Debt stood at Rs 851 crores as on 30[th ] September’23

Cash Flows

As on 30[th ] September 2023,

• Balance collections from sold units (completed + Ongoing) in all launched projects stood at Rs.642 crores .

• Total Pending Estimated Project cost to be incurred stands at Rs.858 crores .

• Total estimated revenue from unsold inventory stands at Rs. 1,727 crores.

*Based on 40% revenue share for Monte South project

About Marathon NextGen Realty Ltd.

For over 52 years now, Marathon Group has been helping shape Mumbai’s skyline. Founded in 1969 by Ramniklal Zaverbhai Shah, the Group has completed over 100 projects in the city with a portfolio encompassing townships, affordable housing, luxury residential, retail, small business spaces, and corporate parks. Marathon is design-driven and engineering-focused with a leadership team comprising of technocrats. Mr. Chetan Shah, Chairman& Mr. Mayur Shah, Vice-Chairman, have completed their engineering from US and the third generation of the company comprising of the three head of project –Mr. Kaivalya Shah, Mr. Parmeet Shah, and Mr. Samyag Shah are highly qualified having completed their education from US and bring years of real estate experience. Marathon has strong in-house capabilities in design, engineering, execution, marketing, and sales and prides itself on its transparency, customer-centricity and is among one of the most trusted Developers.

The Group has ongoing projects & land banks at Lower Parel, Byculla, Mulund, Bhandup, Thane, Dombivli and Panvel.

More information is available at https://www.marathonnextgen.com/

For further information, please contact:

	Mr. S. Ramamurthi CFO and Whole Time Director P: +91 22 6724 8484 E:s.ramamurthi@marathonrealty.com	Binay Sarda /Saloni Soni /Sumedh Desai Vice President/Senior Associate/Associate EY LLP Email:binay.sarda@in.ey.com; Saloni.soni2@in.ey.com; Sumedh.desai@in.ey.com; M: +919920893764/ 9583274018/ 9869776652

BSE: 503101 | NSE: MARATHON | ISIN: INE182D01020 | SECTOR: REAL ESTATE

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Quarterly Earnings Release | Q2 FY24

DISCLAIMER :

Some of the statements in this communication may be ‘forward-looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the company’s operations include changes in the industry structure, significant changes in the political and economic environment in India and overseas, tax laws, duties, litigation, and labour relations.