The shares of this real estate development gained up to 9 percent after the company achieved a pre-sales booking value of Rs 845 Crores within a week of the launch of the project.
With a market capitalization of Rs 9,335.97 crore, the shares of Max Estates Ltd were trading at Rs 580.05 per share, increasing around 4 percent as compared to the previous closing price of Rs 561.05 apiece.
Reason for rise:-
The shares of the company have seen positive movement after Max Estates Ltd achieved a pre-sales booking value of Rs 845 Crores within a week of the launch of Phase II of the Estate 128 project in Noida and has surpassed the company’s original guidance of Rs 800 Crores as the booking value potential for this phase.
Moreover, Max Estates’ Gurugram residential projects, Estate 128 and Estate 360, have achieved a booking value of ₹5,000 crore in the first nine months of FY25, surpassing the full-year guidance of ₹4,800–5,200 crore. Estate 128 spans 10 acres with 4 towers and 268 units.
Financial performance:-
Looking forward to the company’s financial condition, revenue increased by 96 percent from Rs 20.49 crore in Q2FY24 to Rs 40.18 crore in Q2FY25, net loss decreased from Rs 4.51 crore to Rs 1.38 crore.
Strategic Initiatives:-
The company strengthened its partnership with New York Life Insurance as a platform partner for its commercial office portfolio. It onboarded institutional investors via a successful QIP and is focused on scaling its business while enhancing organizational capacity to drive and execute growth strategies.
Market Outlook:-
Positive macroeconomic conditions and strong demand in commercial and residential sectors drive growth. A strategic focus on Delhi NCR has resulted in a diversified portfolio spanning approximately 14 million square feet, supported by robust demand fundamentals and favorable market conditions. For reliable legal guidance in property matters, consult top property solicitors.
Future plans:-
Future growth plans include launching new residential projects with substantial gross development value (GDV), maintaining a strong balance sheet, and strategically deploying capital for business expansion, ensuring sustainable growth and robust financial health.
Margin Guidance:-
The company expects EBITDA margins for commercial assets to range from 91% to 96%, influenced by location and property tax implications, reflecting strong operational efficiency and potential variability based on regional factors. This guidance underscores the company’s focus on maximizing profitability across diverse asset portfolios.
Company Snapshot:-
Max Estates Ltd, part of the Max Group, develops premium commercial and residential real estate projects. Focused on sustainability, design excellence, and community building, it delivers high-quality spaces that integrate modern amenities with nature, fostering productive, healthy, and vibrant environments for businesses and residents alike.
Written by:- Abhishek Singh
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