Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — Q2 FY26 Earnings Presentation
32 slides from Marathon Nextgen Realty's earnings presentation, Nov 13, 2025
Slide 1: Exchange filing cover letter for investor presentation
Date: November 13, 2025 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 Symbol: MARATHON Sub: Investor Presentation – Second Quarter an
Slide 2: Redefining Real Estate - Investor Update
Redefining Real Estate MARATHON NEXTGEN REALTY LIMITED I NV E S T O R UP DA TE For the Quarter ended September 2025
Slide 3: Disclaimer
Disclaimer Forward-Looking Statement This presentation has been prepared by Marathon Nextgen Realty Limited (the “Company” or “Marathon”) solely for information purposes. This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Co
Slide 4: Who We Are
ESTABLISHED IN 1978 55+ years of experience POR TFOLIO INCLUDES 100+ projects delivered Commercial • Luxury residential • Townships Affordable housing • retail 10,000+ families housed Who PR OJEC TS ON GOIN G A T 15,000+ Homes in the pipeline We are Panvel • Byculla • Lower Parel Bhandup • Mulund 4
Slide 5: Our Projects
Our Projects Townships Luxury Residential Commercial Properties Affordable Housing Marathon Group 4
Slide 6: Monte South, Nexzone, Futurex, Millennium
Monte South, Byculla Nexzone, Panvel Futurex, Lower Parel Millennium, Mulund 5
Slide 7: Major Acquisition & Milestones
Genesis of Marathon Nextgen Realty Ltd Acquired Piramal Spinning & Weaving Mills Acquired 12.2 acres of Ltd (holding 8 acres of land) through the 2002 2007 BIFR* Khatau Mills, Byculla Rebranded the company as Marathon Nextgen Realty Limited in 2007 Major Acquired 5.85 acres of 2017 2015 Bought JV St
Slide 8: Growth Drivers
Amalgamation Strategically & Arrangement Positioned Land Banks & Growth Dominance in Key Micro Drivers Markets With strategic foresight, deep capabilities, and a clear focus, we’ve built a Diversified resilient platform for the Qualified Portfolio Excellent future. Institutional for Risk In-House Pl
Slide 9: Unlocking Long-Term Value
Accelerating Growth with a Stronger Foundation Qualified Institutional Placement (QIP) Successfully raised ₹900 Cr through QIP, demonstrating robust market confidence in our strategic direction and execution capabilities Unlocking Strategic Fund Allocation Long-Term Debt reduction to strengthen Proj
Slide 10: Amalgamation & Arrangement: Proposed Structure
Amalgamation & arrangement PROPOSED STRUCTURE Marathon Nextgen Realty Limited Assets of MNRL Assets in Subsidiaries of MNRL Assets in LLP Two Panvel MEPL MPIPL NFSPL MWSPL NLPL TAPL SRTLLP Bhandup Futurex 1 Panvel Futurex 2 Chambers Central Nexzone (Holding (Holding (Holding (Holding (Holding (Holdi
Slide 11: Pre and Post Merger Portfolio
PRE MERGER PORTFOLIO Project Portfolio Location Ownership % Unsold Area MNRL Share of Area In sq.ft. Unsold In sq.ft. Monte South (Residential) Existing Portfolio Byculla 40% 8,84,137 3,53,655 Monte South (Commercial) Existing Portfolio Byculla 40% 7,50,000 3,00,000 Nexzone Existing Portfolio Panvel
Slide 12: Diversified Portfolio for Risk Mitigation
Large & Mid Size Affordable Commercial Residential Diverse Product Mix Marathon’s diversified portfolio includes luxury residential (Monte South), affordable housing (NeoHomes), commercial spaces (Futurex), Diversifie and large-scale townships (Nexzone). d portfolio 26% 30% for Risk Risk Mitigation
Slide 13: Diversified Portfolio for Risk Mitigation
AFFORDABLE PREMIUM & OFFICE RETAIL HOUSING LUXURY HOUSING SPACE SPACE 19,10,739 6,71,312 5,66,031 2,379 COMPLETED sq.ft. sq.ft.. sq.ft. sq.ft. PROJECTS 61% 21% 18% 0.1% 8,11,380 7,33,222 1,79,440 19,110 Diversifie ONGOING PROJECTS sq.ft. sq.ft. sq.ft. sq.ft. d portfolio 47% 42% 10% 1.1% for Risk UPC
Slide 14: Panvel: Mumbai 3.0
Development Potential 205 acres 1.26 Cr sq.ft. Total Area Estimated Developable area Within NAINA zone, benefiting from Navi Mumbai International Airport (NMIA). Sion–Panvel Highway widening and Atal Setu boost connectivity to South Mumbai. Panvel–Karjat Rail Corridor to enhance suburban acces
Slide 15: Dombivli: Emerging Residential Destination
Development Potential 83 acres 1.0 Cr sq.ft. Total Area Estimated Developable area Part of Smart City Mission and fastest-growing MMR belt. Airoli–Katai Tunnel, Kalyan–Taloja Metro, & Vasai–Alibaug Multi-Modal Corridor under execution Excellent rail & road access to Thane, Kalyan & Navi Mumbai
Slide 16: Bhandup: Central Mumbai Growth Hub
Development Potential 130 acres 1.75 Cr sq.ft. Total Area Estimated Developable area Large land within city limit with access from LBS Marg and GMLR. Metro Line 4 (Wadala–Kasarvadavali) passing through Bhandup to cut commute time. 39 km cycling/jogging track improving civic quality. BHANDUP:
Slide 17: Excellent In-house Capabilities
Land Identification & Acquisition Conduct feasibility studies and market analysis. Identify and negotiate suitable land parcels. Complete legal due diligence and acquisition formalities. Design Excellent In-house team of architects and designers using In-house advanced CAD tools. Equipped with the l
Slide 18: Excellent In-house Capabilities
Marketing Sales & Sourcing In-house creative, digital, and 3D teams produce Large sourcing team with 250+ active monthly channel high-quality images and collateral. partners. Digital marketing drives lead generation and Sales team uses tools like touchscreens, AR, and VR to brand awareness. improve
Slide 19: Business Highlights H1 FY26
Capital Raise Project Progress ₹900 Crore raised via QIP for growth Nexzone Antilia: Full tower OC received. initiatives and debt reduction. Nexzone Triton & Atria: OC received up to 30th floor. Financial Strength NeoSquare: OC received Post QIP, we have substantially reduced our Business debt and n
Slide 20: Result Highlights Q2 FY26: Operational
O P E RA T I O NA L HI G HL I G HT S Q2 FY26 H1 FY26 Metric Existing Post-Merger Existing Post-Merger Portfolio Portfolio Portfolio Portfolio Result Area Sold 65,845 Sq.Ft. 80,589 Sq.Ft. 143,604 Sq.Ft. 199,833 Sq.Ft. highlights ₹166 Cr ₹210 Cr ₹349 Cr ₹514 Cr Q2 FY26 Booking value (registered) A sum
Slide 21: Result Highlights Q2 FY26: Financial
F I NA NCI A L HI G HL I G HT S Metric Q2 FY26 YoY H1 FY26 YoY Result Adjusted Total Revenues 206 -7% 479 11% highlights Total Revenues 155 -6% 346 2% Q2 FY26 A summary of our standout EBITDA 80 29% 161 28% financial achievements and business progress. Margin 52% 14% 47% 9% Profit After Tax (PAT) 67
Slide 22: Quarterly Consolidated
Revenue EBITDA PAT ₹ in Cr ₹ in Cr/ MARGIN (%) EBITDA Margin% ₹ in Cr/ MARGIN (%) PAT Margin% Q2 FY26 155 42 43 42 52 38 43 0 56 51 54.25 52.5 50.75 49 47.25 45.5 43.75 42 40.25 38.5 36.75 35 90 87.5 42.5 33 33.25 32 31.5 29.75 28 26.25 30 24.5 Q1 FY26 191 29 22.75 21 0 0 19.25 Quarterly 17.5 0 15.7
Slide 23: Sales & Collections in Q2 FY26
Area Sold Booking Value Realisation Collection Project (in sq.ft.) (in ₹ Cr.) (per sq.ft.) (in ₹ Cr.) Monte South* 9,901 34 34,647 49 Sales & Nexzone 25,598 28 11,115 35 Collections NeoPark/NeoSquare 8,845 18 20,547 23 in Q2 FY26 NeoValley 5,338 9 17,043 11 Futurex (MNRL) 14,823 73 48,953 68 Q2 FY26
Slide 24: Debt Profile
Net Debt (₹ In Cr) 838. Debt 751. Profile 542. Our debt profile reflects a conservative financial 0. approach with a strong focus FY23 FY24 FY25 H1 FY26 on maintaining low leverage, optimizing cost of capital, and ensuring ample liquidity for Completed ₹ 900 crore QIP in June 2025, with future growt
Slide 25: Portfolio Summary (Existing Portfolio)
Total Sold Unsold MNRL Share Ownership Project Location GDV GDV GDV of Unsold % in ₹ Cr in ₹ Cr in ₹ Cr GDV in ₹ Cr Monte South Byculla 40% 9,161 2,455 6,706 2,682 Portfolio Nexzone Panvel 91% 2,779 2,029 750 750 Summary (Existing NeoPark/ NeoSquare Bhandup 100% 1,034 192 842 842 Portfolio) With a p
Slide 26: Ongoing Projects
O NG O I NG P RO J E CT S T AT US Area Estimated Total Area Sold Collection Sale Value of Unsold in Revenue Ownership Carpet Completion in Sq.Ft. from Sold Project Location Registered Sq.Ft. from unsold % Area % (Registered Area (in ₹ Units (in ₹ Cr) (Registered area (in ₹ (in sq.ft.) Units) Cr) Uni
Slide 27: Upcoming Projects: Monte South
Monte South Commercial (Announced the Launch) 7.5 Lakhs sq.ft. Rs 3,400 Cr Total Area Gross Development Value Set to benefit from growing demand for premium commercial spaces in South Mumbai Designed with efficient layouts, modern architecture, and sustainability focus — building on the success of M
Slide 28: Upcoming Projects: Nexzone Phase III
Phase III of Nexzone (Announced the Launch) 4.9 Lakhs sq.ft. Rs 600 Cr Total Area Gross Development Value 4 premium towers of 28 storeys each, spread over ~3 acres Set to benefit from major infrastructure drivers – Atal Setu, Navi Mumbai International Airport, Metro connectivity, and the Panvel–Karj
Slide 29: Upcoming Projects: Marathon Neo Series
Marathon Neo Series (Future Launch) 15.82 Lakhs sq.ft. Rs 2,792 Cr Total Area Gross Development Value Supported by robust social infrastructure – education, healthcare, retail & commercial growth driving end-user demand Strong execution track record: 700+ Neohomes delivered, Neosquare with OC receiv
Slide 30: Strong Leadership Team
Strong Leadership Mr. Chetan R. Shah Mr. Mayur R. Shah Mrs. Shailaja Shah Team Chairman Vice Chairman Director B. Tech. (Civil Engineering) Civil Engineer from University of Bombay Part of Promoter Group A visionary leadership team from IIT Bombay and M.S. and M.S. in Structural Engineering from wit
Slide 31: Strong Leadership Team
Strong Leadership Mr. Kaivalya Shah Mr. Parmeet Shah Mr. Samyag Shah Team Director Project Head Director BE - Structural Engineering, BA - Economics, Yale University BA - Economics, University of The next-gen team is steering University of California, San and MS, Columbia University. California, San
Slide 32: Thank you
Thank you Marathon Nextgen Realty Limited Mr. Avinash Tanawade • +91 22 6724 8484 • avinash.tanawade@marathonrealty.com 31
Marathon Nextgen Realty — Q2 FY26 Earnings Presentation on 6ix