Max India Ltd · NSE:MAXIND
Max India — Q4 FY2025 Earnings Presentation
34 slides from Max India's earnings presentation, May 30, 2025
Slide 1: Cover letter to stock exchanges
May 30, 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 – Q4 FY25
Slide 2: Investor Release May 30, 2025
Investor Release May 30, 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 Q4FY25
Key Performance highlights of Q4FY25 Assets : Residences Services: Assisted Care Products: AGEasy Gurugram: Launched by MEGL* in Care Homes: ~300 bed capacity AGEasy performance (Q4) Aug 24. 260 (~90%) units sold • 160 beds in Gurugram • Revenue Rs 16.6 Cr, up 4x, within 8+ months of launch. Sales •
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% (Q3FY25 88%) • Care Homes: SAT Index at 92% (Q3FY25 92%) • Care at Home: SAT index at 95% (Q3FY
Slide 8: Financial Performance: Results across all business verticals in FY25 are as planned
Financial Performance: Results across all business verticals in FY25 are as planned; Focus continues on scale-up in FY26 • Consolidated revenue of Rs 46 Cr for Q4FY25 vs Rs 39 Cr in Q3FY25, 16% higher than last quarter. • Consolidated revenue of Rs 164 Cr for FY25 vs Rs 195 Cr in FY24, 16% lower tha
Slide 9: Residences for Seniors
Residences for Seniors
Slide 10: Antara Dehradun – FY25 Operations revenue Rs 24.5 Cr, Up 12% YoY
Antara Dehradun – FY25 Operations revenue Rs 24.5 Cr, Up 12% YoY; Operations Profit of Rs 1+ Cr, achieved breakeven ahead of plan; Cash surplus Rs 85 Cr as of Mar’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 proje
Slide 11: Antara Noida Phase 1: All units sold in Mar’23, collection efficiency ~98%
Antara Noida Phase 1: All units sold in Mar’23, collection efficiency ~ 98%; Active dialogue to resolve OC ambiguities, legal recourse also initiated 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 40:60 ~Rs 10,4001 efficiency Channel Mix (%) Sal
Slide 12: Antara Noida (Under Construction): headwinds for Phase 2 approval
Antara Noida (Under Construction): headwinds for Phase 1 is grant of OC; legal options initiated; headwinds for Phase 2 approval continues leading to delay in launch resulting in IRR dip of 1% Project Cost for Phase - 1&2 (including Land) Antara Fee (S&M, PM) Noida Phase 2 update Rs. 1000 ~10% • UPR
Slide 13: Antara Noida Phase I – External & Internal Finishing works (1/2)
Antara Noida Phase I – External & Internal Finishing works (1/2) Entrance Gate Golf & Club View Birds Eye View
Slide 14: Antara Noida Phase I – External & Internal Finishing works (2/2)
Antara Noida Phase I – External & Internal Finishing works (2/2) Drawing & Dining Room Lift Lobby Basement Parking
Slide 15: Gurugram - Intergenerational Community launched by MEGL in Aug’24
Gurugram - Intergenerational Community launched by Max Estates Gurgaon Limited (MEGL) in Aug’24; Senior living towers to be managed by Antara; ~90% booking secured within 8+ months of launch Tapped into the NRI Received 10+ referrals market in Hong Kong through Resident and Dubai through event refer
Slide 16: Gurugram - 260 units (~90% of inventory) of Senior Living sold till Mar’25
Gurugram - 260 units (~90% of inventory) of Senior Living sold till Mar’25, with sales collection ~ Rs 239 Cr, collection efficiency ~ 94% 292 ~7,63,500 ~ 2,600 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 35:65 ~Rs 20,0001 efficiency Channel Mix (%) Sales Realis
Slide 17: Upcoming Communities: Chandigarh and Second Project at Gurugram
Upcoming Communities: Definitive Agreement finalised for Chandigarh; Design planning and statutory approvals in progress for Second Project at Gurugram Chandigarh Gurugram * Total Land Area 8.22 acres 18.24* acres Area ~1.01 mn sqft ~1 mn sqft Statutory approvals from Definitive Agreement shareholde
Slide 18: Care Homes/ Memory Care Homes
Care Homes/ Memory Care Homes
Slide 19: Care Homes: ~300 beds operational across NCR and Bengaluru
Care Homes : ~300 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 - 32 beds Delhi-NCR ▪ Memory Care Homes – 30 b
Slide 20: New Care Homes launched in FY25
New Care Homes launched in FY25 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 • 100+ Move-ins till • 30+ Move-ins till Apr’25 • 55 Move-ins 19 till Apr’25 Apr’25
Slide 21: Care Home: Net revenue at Rs 2.34 Cr in Q4FY25, Up 66% y-o-y
Care Home (CH): Net revenue at Rs 2.34 Cr in Q4FY25, Up 66% y-o-y Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 55% 66% YoY 240 YoY 3600 3592 234.3 3007 205.2 2700 180 2561 2633 2320 167.9 1800 153.9 140.9 120 900 60 0 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 0 Bed Q4FY24 Q1FY25 Q2
Slide 22: Care at Home
Care at Home 21
Slide 23: Customers testimonials for Care at Home
Customers testimonials for Care at Home 22
Slide 24: Care at Home – Highest ever net revenue ~Rs 4.6 Cr in Q4FY25
Care at Home – Highest ever net revenue ~ Rs 4.6 Cr in Q4FY25, growth of 52% y-o-y; NCR Contribution margin at 25% in Q4FY25 vs 19% in Q4FY24 Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 10% 3000 52% YoY YoY 2826 2811 2859 500 2745 2400 2548 456.7 461.2 400 432.6 1800 375.6 300 302.9 1200 2
Slide 25: 24
24 24
Slide 26: Customers testimonials for AGEasy
Customers testimonials for AGEasy 25
Slide 27: Antara AGEasy store launched in Gurugram
Antara AGEasy store launched in Gurugram 26
Slide 28: AGEasy: Exponential Revenue Growth of Rs 16.6 Cr in Q4FY25, Up 4X
AGEasy^: Exponential Revenue Growth of Rs 16.6 Cr in Q4FY25, Up 4X y-o-y; Achieved Annual Recurring Revenue (ARR) of Rs 75+ Cr Key highlights AGEasy^ Revenue (Rs Lacs) MedCare AGEasy 4X • Product portfolio expanded to 65+ products and 180 SKUs YoY 1800 • Served 2+ lacs lives since inception (Amazon
Slide 29: 2L+ lives touched since inception with ~15% repeat customers
2L+ lives touched since inception with ~15% repeat customers; NPS increasing steadily month on month NPS – D2C 1st Apr’24 – 31st Mar’25 As on 31st Mar’25 37.86 32.89 36.62 31.22 27.37 Amazon - 25.97 D2C – Total 13.51 10.71 11.59 Total Lives Lives 55,131 1,52,144 1 -15.38 Repeat Repeat Customers Cust
Slide 30: Consolidated Financials
Consolidated Financials Consolidated Financials 29
Slide 31: Consolidated Financial Performance (Q4FY25)
Consolidated Financial Performance (Q4FY25): Revenue at Rs 46 Cr, Up 16% sequentially q-o-q over Q3FY25; EBITDA loss at Rs 37 Cr in Q4FY25 vs Rs 25 Cr in Q3FY25 Particulars (Rs Cr) Q4FY25 Q3FY25 QoQ(%) Q4FY24 YoY(%) FY25 FY24 YoY(%) Total Income 45.5 39.1 16% 49.6 -8% 164.2 194.7 -16% Total Expenses
Slide 32: Balance Sheet: Consolidated Net worth of Rs 359 Crores as of Mar’25
Balance Sheet: Consolidated Net worth of Rs 359 Crores as of Mar’25 Assets (Rs in Crs.) 31-Mar-25 31-Mar-24 Equity & Liabilities (Rs in Crs.) 31-Mar-25 31-Mar-24 Non-Current Assets 277.3 341.1 Equity 358.7 492.3 Current Assets 260.5 343.2 Non-Current Liabilities 108.9 53.2 Assets classified as held
Slide 33: ~Rs 250 Cr of Treasury and other monetizable assets available
~Rs 250 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 120 Cr) Invested Capital (Rs 408 Cr) I
Slide 34: Contact US
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal Mr. Rahul Agarwal / Ms. Brinkle Shah Jariwala ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / +91 124 6984448 brinkl