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Marathon Nextgen Realty Ltd — Earnings Release 2024
Apr 8, 2024
60508_rns_2024-04-08_64bdc6b0-4214-4f9a-b185-1cf88de2a073.pdf
Earnings Release
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Date: April 8, 2024
To, BSE Limited, NSE Limited, Listing Department, Listing Department, P.J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai – 400001. BKC, Bandra (East), Mumbai - 400051 Scrip Code: 503101 NSE Code: MARATHON
Sub: Corporate announcement about operational performance for the quarter and year ending March 31, 2024
Dear Sir/Madam,
Please take note of our key consolidated operational updates for Q4FY24 and FY24.
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Area sold for quarter stood at 1,50,126 sq. fts , resulting for the whole year at 7,27,480 sq.ft as compared to 5,21,258 sq. ft an increase of 40% YoY over last year.
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Sales value for quarter stood at Rs.229 crs , resulting for the year of Rs.1,193 crs as compared to Rs. 753 crs . an increase of 58% YoY over last year.
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Collections for the quarter stood at Rs.251 crs , resulting for the year of Rs. 944 crs as compared to Rs.716 crs . an increase of 32 % YoY over last year.
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Net debt at the end of Q4FY24 stood at Rs. 744 crs as compared to Rs. 838 crs., a decrease of 11% YOY.
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We have had a good quarter in terms of pre-sales . The additional presales number for the quarter is Rs. 172 crs . This will result in an annual cumulative pending presales total amounting to Rs. 356 crs* .
Performance Summary – Q4 FY24
| Particulars | Q4 FY24 |
Q4FY23 | YoY(%) | Q3 FY24 |
QoQ(%) | FY24 | FY23 | YoY(%) |
|---|---|---|---|---|---|---|---|---|
| Area sold (Sq. ft) |
150,126 | 153,958 | -2.49% | 221,862 | -32.33% | 727,480 | 521,258 | 39.56% |
| Sales Value (Rs. Cr)•• |
229 | 226 | 1.17% | 370 | -38.09% | 1,193 | 753 | 58.37% |
| Collection (Rs. Cr)•* |
251 | 202 | 24.33% | 274 | -8.41% | 944 | 716 | 31.88% |
- Pre-sales are the sales where advance money is received however the transactions aren’t yet registered.
** Numbers include full value of JV projects.
CHETAN Digitally signed by CHETAN RAMNIKLAL RAMNIKLAL SHAH Date: 2024.04.08 14:11:54 SHAH +05'30'
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Kindly take the above information on record.
Yours Faithfully, Marathon Nextgen Realty Limited
Digitally signed by CHETAN CHETAN RAMNIKLAL SHAH RAMNIKLAL SHAH Date: 2024.04.08 14:11:40 +05'30'
Chetan Shah Managing Director DIN: 00135296
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