Max India Ltd · NSE:MAXIND
Max India — Q1 FY2026 Earnings Presentation
35 slides from Max India's earnings presentation, Aug 5, 2025
Slide 1: Cover letter to stock exchanges
August 5, 2025 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Release – Q1 FY2
Slide 2: Investor Release Aug 05, 2025
Investor Release Aug 05, 2025
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Steady performance across all business verticals
STEADY PERFORMANCE ACROSS ALL BUSINESS VERTICALS
Slide 5: Key Performance highlights of Q1FY26
Key Performance highlights of Q1FY26 Assets : Residences Services: Assisted Care Products: AGEasy Gurugram: Launched by MEGL* in Care Homes: ~340 bed capacity AGEasy performance Aug’24. 100% Units sold as on date. • 155 beds in Gurugram • Revenue of Rs 14.2 Cr, up Sales collection at Rs 273 Cr. • 83
Slide 6: Business and Financial Performance Update
BUSINESS AND FINANCIAL PERFORMANCE UPDATE
Slide 7: Strong endorsement for our brand and offerings by customers, employees and partners
Strong endorsement for our brand and offerings by customers, employees and partners Strong endorsement for our brand Awards and Recognition and offerings by customers • Residences (Doon): SAT index at ~88% (Q4FY25 88%) • Care Homes: SAT Index at 90% (Q4FY25 92%) • Care at Home: SAT index at 94% (Q4F
Slide 8: Financial Performance: Results across all business verticals in Q1 FY26 as planned
Financial Performance: Results across all business verticals in Q1 FY26 are as planned; While Consolidated revenue has seen a temporary dip, the EBIDTA loss has improved; Focus continues on scale-up in FY26 • Consolidated revenue of Rs 41.3 Cr for Q1FY26 vs Rs 45.5 Cr in Q4FY25, 9% lower than last q
Slide 9: Residences for Seniors
Residences for Seniors
Slide 10: Resident testimonials for Dehradun Community
Resident testimonials for Dehradun Community Very courteous, helpful and We are extremely happy n lucky positive staff who are always to be living in Antara .. n do look willing to make us feel forward to continue having an comfortable and cared for. excellent level of services in every area in the
Slide 11: Antara Dehradun – Q1 FY26 Operations revenue Rs 6.2 Cr
Antara Dehradun – Q1 FY26 Operations revenue Rs 6.2 Cr, Up 15% YoY; Community continues to be in profit; Cash surplus Rs 85 Cr as of Jun’25 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Saleable area Average Apartment company's flagship in sq ft Size range in Sq Ft project 60,000 Rs 85 Cr 88% Clu
Slide 12: Antara Noida Phase 1: All units sold, collection efficiency ~99%
Antara Noida Phase 1: All units sold in Mar’23, collection efficiency ~ 99%; Active dialogue to resolve OC ambiguities, legal recourse in progress 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 40:60 ~Rs 16,0001 efficiency Channel Mix (%) Sales
Slide 13: Antara Noida Phase 2: Headwinds for grant of OC
Antara Noida Phase 1 : Headwinds for Phase 1 for grant of OC; legal options being pursued, impacting Phase 2 approvals as well Project Cost for Phase - 1&2 (including Land) Antara Fee (S&M, PM) Noida Phase 2 update Rs. 1100 ~10% •The UPRERA has again rejected the application for registration for Pha
Slide 14: Noida Ph-1: Project Ready for Handover (1/2)
Noida Ph-1 : Project Ready for Handover; Community in its Final Shape (1/2) Main Entrance portal Golf & Walking path along Façade Illumination the miniature golf course Reflexology Garden
Slide 15: Noida Ph-1: Project Ready for Handover (2/2)
Noida Ph-1 : Project Ready for Handover; Community in its Final Shape (2/2) Golf Fairway Residence 2 & 3 The Club Façade & Greens
Slide 16: Gurugram Intergenerational Community launched by MEGL
Gurugram - Intergenerational Community launched by Max Estates Gurgaon Limited (MEGL) in Aug’24; Senior living towers to be managed by Antara; 100% booking secured within a year of launch Targeting leads through Received 25+ referrals through performance marketing; Show Resident referral program – m
Slide 17: E360, Gurugram - ~95% of inventory of Senior Living sold
E360, Gurugram - 280 units (~95% of inventory) of Senior Living sold till Jun’25, with sales collection ~ Rs 273 Cr, collection efficiency ~ 99% 292 ~7,63,500 ~ 2,600 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 35:65 ~Rs 21,0001 efficiency Channel Mix (%) Sales
Slide 18: Upcoming Communities: Chandigarh and Gurgaon (Estate 361)
Upcoming Communities: Definitive Agreement finalized for Chandigarh; shareholders approval received from Estate 361; Designing and Massing in progress for both opportunities Chandigarh Gurgaon (Estate 361)* Total Land Area 8.22 acres 18.24** acres 1.04 mn sqft (Two Phases of Area and Units 1.01 mn s
Slide 19: Care Homes / Memory Care Homes
Care Homes/ Memory Care Homes
Slide 20: Customers testimonials for Care Homes
Customers testimonials for Care Homes Excellent service. Took care of all the Great experience at Antara. I believe patients needs, and make sure he this the best home care. Staff is very recovered in less than 15 days. Very friendly and cooperative although all friendly and polite staff, found it r
Slide 21: Care Homes: ~340 beds operational across NCR and Bengaluru
Care Homes : ~340 beds operational across NCR and Bengaluru, 43 beds added in ECR, Chennai (May’25); ~150 beds in Bengaluru and Chennai under fit-outs and expected to go live by H1FY26 Geography Existing Capacity Planned Capacity in H1FY26 ▪ DLF Gurgaon - 28 beds Delhi-NCR ▪ Memory Care Homes – 29 b
Slide 22: New Care Homes launched in the past one year
New Care Homes launched in the past one year Sector - 24, Gurugram Bannerghatta Road, Sector -66, Noida (98 beds) Bengaluru (83 beds) (53 beds) • Aug’24 Go live • Feb’25 Go live • Oct’24 Go live • 50+ Move-ins in Q1 • 40 Move-ins in Q1 FY26 • 55 Move-ins 21 in Q1 FY26 FY26
Slide 23: Care Home: Net revenue at Rs 2.94 Cr in Q1FY26, Up ~90% y-o-y
Care Home (CH): Net revenue at Rs 2.94 Cr in Q1FY26, Up ~90% y-o-y Occupancy trend at Care Homes (bed days) 360 Care Homes Revenue (Rs Lacs) 2X 90% 5400 YoY 300 YoY 293.6 5021 4500 240 3600 234.3 3592 205.2 180 2700 3007 2561 2633 167.9 153.9 1800 120 900 60 0 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 0 Be
Slide 24: Care at Home
Care at Home 23
Slide 25: Customers testimonials for Care at Home
Customers testimonials for Care at Home Patient Journey of Recovery “Vijay Parmar from Antara has been “ When our patient began treatment, he serving as my nursing staff for the was immobile and unresponsive. Antara past six months. He is punctual, Physiotherapy Team acted swiftly with a polite, and
Slide 26: Care at Home – Highest ever net revenue ~Rs 4.94 Cr in Q1FY26
Care at Home – Highest ever net revenue ~ Rs 4.94 Cr in Q1FY26, growth of 24% y-o-y Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 6% 31% YoY 3000 YoY 500 2977 2811 2859 493.2 2745 461.2 2400 456.7 2548 400 432.6 375.6 1800 300 1200 200 600 100 0 0 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2
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26 26
Slide 28: Customers testimonials for AGEasy
Customers testimonials for AGEasy Voice of customer Voice of customer “I gifted this to my mom; she used to rely on “I have recently started using the AGEasy sofas and walls for support while walking. Wrist BP Monitor and I'm really impressed Now, she always keeps this stick with her. It’s by how qu
Slide 29: AGEasy: Exponential Revenue Growth of Rs 14.2 Cr in Q1FY26
AGEasy^: Exponential Revenue Growth of Rs 14.2 Cr in Q1FY26, Up 2.2X y-o-y Key highlights AGEasy^ Revenue (Rs Lacs) • Temporary revenue reduction is due to some challenges on Meta, which is now resolved, and transition from sale of 3rd party products to Antara labelled products in offline channel 2.
Slide 30: ~3L+ lives touched since inception with 12% repeat customers
~3L+ lives touched since inception with 12% repeat customers ITD till 30th June’25 Amazon - Total Flipkart - Total D2C – Total [...] Lives 2,06,309 [...] Lives 32,172 [...] Lives 71,859 Repeat Customers Repeat Customers Repeat Customers 1 28881 1 1108 1 8497 2 14% repeat 2 3% repeat 2 12% repeat cus
Slide 31: Consolidated Financials
Consolidated Financials Consolidated Financials 30
Slide 32: Consolidated Financial Performance (Q1FY26)
Consolidated Financial Performance (Q1FY26): Revenue at Rs 41.3 Cr, down by 9% sequentially q-o-q over Q4FY25; EBITDA loss at Rs 23.3 Cr in Q1FY26 vs Rs 36.9 Cr in Q4FY25 Particulars (Rs Cr) Q1FY26 Q1FY25 % Q4FY25 % Total Income 41.3 32.1 29% 45.5 -9% Total Expenses 64.6 53.6 82.3 EBITDA (23.3) (21.
Slide 33: Balance Sheet: Consolidated Net worth of Rs 460 Crores as of Jun'25
Balance Sheet: Consolidated Net worth of Rs 460 Crores as of Jun’25 Assets (Rs in Crs.) 30-Jun-25 31-Mar-25 Equity & Liabilities (Rs in Crs.) 30-Jun-25 31-Mar-25 Non-Current Assets 281.9 277.3 Equity 460.2 358.7 Current Assets 431.9 260.5 Non-Current Liabilities 102.2 108.9 Assets classified as held
Slide 34: ~Rs 320 Cr of Treasury and other monetizable assets available
~Rs 320 Cr of Treasury and other monetizable assets available to pursue growth opportunities over next 12 months; Successfully raised Rs 124.23 Cr through a Rights issue in May’25 Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 194 Cr) Invested Capital (Rs 408 Cr) I
Slide 35: Contact US
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal / Mr. Shubham Jain Mr. Rahul Agarwal / Ms. Brinkle Shah Jariwala ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / shu