Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — Q2 FY27 Earnings Presentation
47 slides from Marathon Nextgen Realty's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter
Date: November 4, 2026 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 Symbol: MARATHON Sub: Investor Presentation – Second Quarter and hal
Slide 2: Investor Presentation Q2 & H1 FY27
Built on Strength. Growing with Intent Investor Presentation Q2 & H1 FY27 Marathon Nextgen Realty Limited NSE: MARATHON | BSE: 503101 Actual Image of Nexzone, Panvel
Slide 3: Disclaimer
Disclaimer FO RW AR D - LO O KI NG ST AT EM ENT This presentation has been prepared by Marathon Nextgen Realty Limited (the “Company” or “Marathon”) solely for information None of the Company or any of its affiliates, advisors or representatives accept any liability whatsoever for any loss howsoever
Slide 4: Q2 & H1 FY27 Business & Financial Highlights
01 Q2 & H1 FY27 Business & Financial Highlights Rendered image of Monte South, Byculla
Slide 5: Management Commentary
Management Commentary Commenting on the results and performance for Q2 & H1 FY27, Mr. Chetan R. Shah, Chairman of Marathon Nextgen Realty Limited, said: Q2 FY27 was a quarter of healthy growth for Marathon NextGen. We reported total income of ₹145 crore, EBITDA of ₹61 crore and profit after tax of ₹
Slide 6: Our Signature Developments
Our Signature Developments Monte South, Byculla Nexzone, Panvel Futurex, Lower Parel Millennium, Mulund Marathon Nextgen Realty Limited | Investor Presentation | Q2 & H1 FY27 5
Slide 7: Key Highlights – Q2FY27
Key Highlights – Q2FY27 Operational Highlights (₹ Cr) Financial Highlights (₹ Cr) Pre-Sales 154 Total Income 145 Area Sold (000 Sq.Ft.) 71 EBITDA 61 Collections 127 Profit After Tax (PAT) 45 *Based on 40% share for Monte South project / MNRL Pre-merger Metrics Marathon Nextgen Realty Limited | Inves
Slide 8: Key Highlights – H1FY27
Key Highlights – H1FY27 Operational Highlights (₹ Cr) Financial Highlights (₹ Cr) Pre-Sales 240 Total Income 362 Area Sold (000 Sq.Ft.) 109 EBITDA 127 Collections 244 Profit After Tax (PAT) 98 *Based on 40% share for Monte South project / MNRL Pre-merger Metrics Marathon Nextgen Realty Limited | Inv
Slide 9: Key Business Development: Monte South acquisition
Key Business Development Marathon to Acquire Full Ownership of Monte South Project 40% 100% Byculla, Mumbai Ownership post- Ownership earlier acquisition To acquire the 60% stake held by Adani Realty for a consideration of ₹335 Crore Project Value & Opportunity Deal Consideration & Funding Total GDV
Slide 10: Business Highlights – H1FY27
Business Highlights – H1FY27 Versova, Mumbai Sewri, Mumbai 1 Premium Society Redevelopment Project 2 Cluster Redevelopment Project Estimated GDV Land Parcel Estimated GDV Land Parcel ₹450+ Cr 1.5 Acres ₹450+ Cr ~7,500 Sq. Mts. Low-density residential High-rise residential tower Redevelopment with hi
Slide 11: Result Highlights (1/2) Operational Highlights
Result Highlights (1/2) Q2 FY27 H1 FY27 Metric Existing Portfolio Merged Portfolio Existing Portfolio Merged Portfolio Area Sold (000 Sq.Ft.) 71 94 109 140 Operational Highlights Booking Value (₹ Cr) 154 251 240 359 Collections (₹ Cr) 127 202 244 348 Realisation ₹ per sq. ft. (Commercial) 44,781 48,
Slide 12: Result Highlights (2/2) Financial Highlights
Result Highlights (2/2) Metric (₹ Cr) Q2 FY27 H1 FY27 Financial Total Income 145 362 Highlights EBITDA 61 127 Profit After Tax (PAT) 45 98 Marathon Nextgen Realty Limited | Investor Presentation | Q2 & H1 FY27 11
Slide 13: Quarterly Consolidated Performance – Financial
Quarterly Consolidated Performance – Financial Total Income EBITDA Profit After Tax (PAT) ₹ Cr ₹ Cr | Margin (%) ₹ Cr | Margin (%) 52% 42% 42% 43% 27% 30% 30% 31% 23% 24% 217 155 80 152 67 141 145 66 63 61 52 46 45 39 33 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27
Slide 14: Quarterly Consolidated Performance – Operational
Quarterly Consolidated Performance – Operational Area Sold (Carpet Area)* Booking Value* Collections* In ’000 sq. ft. ₹ Cr ₹ Cr 166 71 156 154 66 203 191 48 148 127 37 38 86 118 71 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27
Slide 15: Projects’ Quarterly Synopsis – Q2FY27
Projects’ Quarterly Synopsis – Q2FY27 Area Sold Booking Value Realisation Collection Project MNRL Ownership Segment (000 Sq.Ft.) (₹ Cr) (₹) (₹ Cr) Monte South (R)* 40% Residential 16 58 36,912 57 Nexzone 91% Township 28 39 13,861 17 NeoPark / NeoSquare 100% Residential 5 9 17,773 8 NeoValley 90% Res
Slide 16: Projects’ Half-Yearly Synopsis – H1FY27
Projects’ Half-Yearly Synopsis – H1FY27 Area Sold Booking Value Realisation Collection Project MNRL Ownership Segment (000 Sq.Ft.) (₹ Cr) (₹) (₹ Cr) Monte South (R)* 40% Residential 30 108 36,179 114 Nexzone 91% Township 42 56 13,321 59 NeoPark / NeoSquare 100% Residential 13 23 17,710 17 NeoValley
Slide 17: Total Project Synopsis
Total Project Synopsis* MNRL Share of Project Location Segment Ownership Total GDV (₹ Cr) Sold GDV (₹ Cr) Unsold GDV (₹ Cr) Unsold GDV (₹ Cr) Monte South (R) Byculla Residential 40% 6,003 2,927 3,076 1,230 Monte South (C) Byculla Commercial 40% 3,400 - 3,400 1,360 Nexzone Panvel Township 91% 2,794 2
Slide 18: Ongoing Project Synopsis
Ongoing Project Synopsis* Total Carpet % of Sold Value of Est. Revenue Cost to Surplus MNRL Total GDV Area Sold Receivables Surplus Project Segment Location Area Project Units / Area from Unsold Complete (MNRL’s Ownership (₹ Cr) (sq.ft.) (₹ Cr) (₹ Cr) (sq. ft.) Completed Sold (₹ Cr) Area (₹ Cr) (₹ C
Slide 19: Debt Profile
Debt Profile Our debt profile reflects a conservative financial approach with a strong focus on maintaining low leverage, optimising cost of capital, and ensuring ample liquidity for future growth. Debt ₹ Cr 838 ₹900 Cr QIP 751 Completed in June 2025, with ₹340 Cr earmarked for debt reduction 542 Ne
Slide 20: Upcoming Projects (1/2) – Monte South, Byculla
Upcoming Projects (1/2) – Monte South, Byculla Monte South Commercial Monte South Residential Tower D Announced the Launch Future Launch Total Area Gross Development Value Total Area Gross Development Value 7.5 lakh sq. ft. ₹3,400 Cr 4 lakh sq. ft. ₹1,800 Cr • Set to benefit from growing demand for
Slide 21: Upcoming Projects (2/2) – Marathon Neo Series, Bhandup
Upcoming Projects (2/2) – Marathon Neo Series, Bhandup Total Area Gross Development Value Marathon Neo Series Future Launch 15.82 lakh sq. ft. ₹2,792 Cr Supported by robust social infrastructure – education, healthcare, retail & commercial growth driving end- Rendered image of NeoPark, Bhandup user
Slide 22: Company Overview
02 Company Overview Actual Image of Futurex, Lower Parel
Slide 23: Who We Are
Who We Are Our Portfolio 1978 55+ 100+ Established Years of experience Projects delivered • Commercial • Affordable Housing • Luxury Residential • Retail • Townships 10,000+ 15,000+ 4 Mn sq. ft. Families housed Homes in the pipeline Land under development Projects Ongoing At • Panvel • Bhandup • Byc
Slide 24: Our Projects
Our Projects Presence across the Mumbai Metropolitan Region Townships Luxury Residential Commercial Properties Affordable Housing Map not to scale; for representation only
Slide 25: Major Acquisitions & Milestones
Major Acquisitions & Milestones • Genesis of Marathon Nextgen • Bought JV stake in Futurex • Acquired Sanvo Resorts Pvt Ltd; • Board approved Amalgamation & Realty Ltd development added 25 acres in Panvel Arrangement of promoter and • Acquired Piramal Spinning & • Acquired Terrapolis Assets Pvt prom
Slide 26: Growth Drivers
03 Growth Drivers Rendered image of NeoPark, Bhandup
Slide 27: Levers of Growth
Levers of Growth Excellent In-house Capabilities Strategically Positioned Land Banks & Dominance in Key Micro Markets 05 Diversified Portfolio for Risk Mitigation 04 Amalgamation & Arrangement 03 Qualified Institutional Placement 02 01 Marathon Nextgen Realty Limited | Investor Presentation | Q2 & H
Slide 28: Unlocking Long-Term Value
Unlocking Long-Term Value Qualified Institutional Placement (QIP) Amalgamation & Arrangement ₹900 Cr Demonstrating robust market confidence in our 418 acres Strategic board-approved amalgamation and raised through QIP of land held by the merging arrangement designed to streamline the corporate strat
Slide 29: Amalgamation & Arrangement – Proposed Structure
Amalgamation & Arrangement – Proposed Structure Marathon Nextgen Realty Limited Assets in Assets of MNRL Assets in Subsidiaries of MNRL LLP Two Central Panvel Panvel (33 MEPL (Holding MPIPL NFSPL MWSPL NLPL (Holding TAPL (Holding SSPL (Holding NZIT (Holding SRTLLP Bhandup Futurex Futurex 2 Chambers
Slide 30: Amalgamation & Arrangement – Pre & Post Merger Portfolio
Amalgamation & Arrangement – Pre & Post Merger Portfolio PRE-MERGER PORTFOLIO P O S T- ME R G E R P O R TF O L I O AD D I TI O N S MNRL Share Land to be Unsold Area Developable / Project Portfolio Location Ownership of Unsold Area Project Location Ownership Developed (sq. ft.) Unsold Area (sq. ft.)
Slide 31: Diversified Portfolio for Risk Mitigation
Diversified Portfolio for Risk Mitigation Portfolio Mix Diverse Product Mix Basis: GDV Marathon’s diversified portfolio includes luxury residential (Monte South), affordable housing (NeoHomes), commercial spaces (Futurex) and large-scale townships (Nexzone). 23% Risk Mitigation 26% Affordable Reside
Slide 32: Diversified Portfolio for Risk Mitigation – By Stage
Diversified Portfolio for Risk Mitigation – By Stage Area and share of stage Premium & Luxury Affordable Housing / Townships Affordable Housing Office Space Neo Series & Nex Series Housing • NeoValley, NeoPark & NeoSquare, Bhandup • Nexzone, Panvel 19.12 lakh sq. ft. 6.71 lakh sq. ft. 5.66 lakh sq.
Slide 33: Landbank Pipeline
Landbank Pipeline Rendered image of NeoPark, Bhandup
Slide 34: Panvel: A Strategic Growth Opportunity
Mumbai 3.0 Panvel A Strategic Growth Opportunity Development Potential 205 Acres 1.26 Cr sq. ft. Total Area Estimated Developable Area • Within the NAINA zone, benefiting from Navi Mumbai International Airport (NMIA) • Sion–Panvel Highway widening and Atal Setu boost connectivity to South Mumbai • P
Slide 35: Dombivli: An Emerging Growth Hub
Emerging Residential Destination Dombivli An Emerging Growth Hub Development Potential 83 Acres 1.0 Cr sq. ft. Total Area Estimated Developable Area • Part of the Smart City Mission and the fastest-growing MMR belt • Airoli–Katai Tunnel, Kalyan–Taloja Metro and Vasai–Alibaug Multi-Modal Corridor und
Slide 36: Bhandup: A Prime Urban Destination
Central Mumbai Growth Hub Bhandup A Prime Urban Destination Development Potential 130 Acres 1.75 Cr sq. ft. Total Area Estimated Developable Area • Large land parcel within city limits with access from LBS Marg and GMLR • Metro Line 4 (Wadala–Kasarvadavali) passing through Bhandup to cut commute tim
Slide 37: Excellent In-house Capabilities (1/2)
Excellent In-house Capabilities (1/2) • Conduct feasibility studies and market analysis Land Identification & • Identify and negotiate suitable land parcels Acquisition • Complete legal due diligence and acquisition formalities • In-house team of architects and designers using advanced CAD tools • S
Slide 38: Excellent In-house Capabilities (2/2)
Excellent In-house Capabilities (2/2) • In-house creative, digital and 3D teams produce high-quality images and collateral • Digital marketing drives lead generation and brand awareness • Custom analytics and CRM platform built on Zoho CRM for ROI-focused Marketing marketing • WhatsApp automation an
Slide 39: Values & Strategic Pillars
04 Values & Strategic Pillars Rendered image of Monte South, Byculla
Slide 40: Core Values That Guide Our Business
Core Values That Guide Our Business Our values shape how we acquire, design, build, sell and serve — and underpin how we create value for every stakeholder. Customer Trust & Happiness for All Speed Obsession Transparency WHAT IT MEANS WHAT IT MEANS WHAT IT MEANS WHAT IT MEANS Every project and inter
Slide 41: Our Strategic Pillars
From Values to Strategy: Our 7 Strategic Pillars Objective: high value perception and strong product–market fit, from conceptualisation to completion 01 02 03 04 05 06 07 Project Project Design Project Marketing & Sales Velocity Project Post-Possession Acquisition Approvals Branding Completion Exper
Slide 42: Creating Long-Term Value for Stakeholders
Creating Long-Term Value for Stakeholders Core Values Strategic Pillars Disciplined Execution Stakeholder Value How we behave Where we focus How we deliver What we create Employees & Customers Shareholders Communities Partners • Quality homes and • Disciplined capital allocation • Ownership and deci
Slide 43: Strong Leadership Team (1/2)
Strong Leadership Team (1/2) Mr. Chetan Shah Mr. Mayur Shah Mrs. Shailaja Shah CHAI RM AN VICE CH AI RM AN DIRECT O R B.Tech. (Civil Engineering) from IIT Bombay and Civil Engineer from University of Bombay and M.S. Part of the Promoter Group M.S. (Structural Engineering) from University of in Struc
Slide 44: Strong Leadership Team (2/2)
Strong Leadership Team (2/2) Mr. Kaivalya Shah Mr. Parmeet Shah Mr. Samyag Shah DIRECT O R DIRECT O R* DIRECT O R BE – Structural Engineering, University of BA – Economics, Yale University and MS, BA – Economics, University of California, San California, San Diego Columbia University Diego His innov
Slide 45: ESG Overview (1/2)
ESG Overview (1/2) Environmental Social Governance • LED lighting and energy-efficient systems • Daily safety training, PPE briefings, mock drills • Code of Conduct applicable to all Directors, installed in common areas across project sites and working-at-heights sessions conducted at KMPs and emplo
Slide 46: ESG Overview (2/2)
ESG Overview (2/2) The well-being of the workers who build our projects is integral to how we develop. Our site teams help construction workers access statutory welfare benefits and work to provide a safe and healthy workplace. Access to BOCW Welfare Health & Medical Support Facilitating worker regi
Slide 47: Thank You
CO M PANY INVEST O R RELAT IO NS ADV ISO RS Marathon Nextgen Realty Limited Strategic Growth Advisors Pvt. Ltd. CIN: L65990MH1978PLC020080 CIN: U74140MH2010PTC204285 Mr. Avinash Tanawade Mr. Rahul Agarwal avinash.tanawade@marathonrealty.com rahul.agarwal@sgapl.net +91 22 6724 8484 Mr. Aseem Kohli as
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