Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — Q4 FY2026 Earnings Presentation
35 slides from Marathon Nextgen Realty's earnings presentation, May 31, 2026
Slide 1: Exchange filing cover letter
Date: May 31, 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 – Fourth quarter and year ended
Slide 2: Redefining Real Estate - Investor Update Q4 FY26
Redefining Real Estate MARATHON NEXTGEN REALTY LIMITED INVESTOR UPD ATE For the Quarter ended March 2026
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 - Marathon Group
ESTABLISHED IN 1978 55+ YEARS OF EXPERIENCE P O R T FO LIO INCLUDES 100+ PROJECTS DELIVERED Commercial • Luxury residential • Townships Affordable housing • retail 10,000+ FAMILIES HOUSED Who P R O J E CTS O NG O ING A T 15,000+ HOMES IN THE PIPELINE Panvel • Byculla • Lower Parel We are Bhandup • M
Slide 5: Our Projects
Our Projects 4 Townships Luxury Residential Commercial Properties Affordable Housing Marathon Group 4
Slide 6: Monte South, Nexzone, Futurex, Millennium
Monte South, Byculla Nexzone, Panvel 5 Futurex, Lower Parel Millennium, Mulund 5
Slide 7: Major Acquisitions & Milestones
Genesis of Marathon Nextgen Realty Ltd Acquired Piramal Spinning & Weaving Acquired 12.2 acres of Khatau Mills, Mills Ltd (holding 8 acres of land) 2002 2007 Byculla through the BIFR* Rebranded the company as Marathon Nextgen Realty Limited in 2007 Major Acquired 5.85 acres of land in 2017 2015 Boug
Slide 8: Key Achievements / Highlights — FY26
Key Achievements / Highlights — FY26 ❑ Highest-ever PAT of ₹206 Cr for FY26 — an all-time high in Company's history; PAT margin of ~32% and EBITDA of ₹261 Cr (~41% margin) on total income of ₹639 Cr ❑ Collections of ₹781 Cr (existing portfolio) / ₹1,048 Cr (post-merger) — driven by construction prog
Slide 9: Growth Drivers
Amalgamation Strategically & Positioned Arrangement Land Banks & Dominance Growth in Key Micro Markets Drivers With strategic foresight, deep capabilities, and a clear focus, we’ve built a resilient Diversified platform for the future. Qualified Portfolio Excellent Institutional for Risk In-House Pl
Slide 10: 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 bala
Slide 11: 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 SRTLLP Panvel Central MEPL MPIPL NFSPL MWSPL NLPL TAPL SSPL NZIT (Holding Bhandup Futurex (33 Acres) Futurex 2 Chambers Mumbai Nexzone (Holding (Holdin
Slide 12: Amalgamation & Arrangement - Pre & Post Merger Portfolio
PRE MERGER PORTFOLIO Unsold Area MNRL Share of Area Project Portfolio Location Ownership % In sq.ft. Unsold In sq.ft. Monte South (Residential) Existing Portfolio Byculla 40% 8,59,115 3,43,646 Monte South Existing Portfolio Byculla 40% 7,50,000 3,00,000 (Commercial) Nexzone Existing Portfolio Panvel
Slide 13: 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), and large-scale townships (Nexzone). Diversified 25% portfolio 32% Risk Mitigation for Risk T
Slide 14: Diversified portfolio for Risk Mitigation
AFFORDABLE PREMIUM & OFFICE HOUSING LUXURY HOUSING SPACE COMPLETED 19.12 6.71 5.66 Lakh sq.ft. Lakh sq.ft. Lakh sq.ft. PROJECTS 61% 21% 18% 13.20 7.33 1.79 Diversified ONGOING PROJECTS Lakh sq.ft. Lakh sq.ft. Lakh sq.ft. 59% 33% 8% portfolio 21.76 4.00 7.50 for Risk UPCOMING PROJECTS Lakh sq.ft. Lak
Slide 15: 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 16: 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 DOMBIVLI: ▪ Excellent rail & road access to Thane, Kalyan & N
Slide 17: 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. BHANDUP: ▪ 39 km cycling/jogging track improving civic quality. C
Slide 18: 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 19: 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 20: Business Highlights FY26
Capital Raise Project Progress ₹900 Crore raised via QIP for growth Nexzone Antilia, Triton & Atria : Full initiatives and debt reduction. tower OC received. NeoSquare: OC received Financial Strength MS Tower B: OC received up to 45th floor Post QIP, we have substantially reduced our Business debt a
Slide 21: Acquires controlling interest in 4 real estate entities
Transaction overview Developers DVK / SSSD/ SSSB SSPL Acquisitions Cost ₹70 Crores Acquisitions Cost ₹8.1 Crores GDV ₹840 Crores Objective: Redevelopment Rights Area 5.94 Lakh sq.ft. Acquires Key Investment Highlights controlling 1 Near-term revenue visibility 4 PTC model — differentiated edge inter
Slide 22: Result Highlights - Operational
OPERATIONA L HIGHLI G HTS Q4 FY26 FY26 Metric Existing Merged Existing Merged Portfolio Portfolio Portfolio Portfolio 0.48 0.58 2.29 3.05 Result Area Sold Lakh Sq.Ft. Lakh Sq.Ft. Lakh Sq.Ft. Lakh Sq.Ft. highlights* Booking value (registered) ₹156 Cr ₹203 Cr ₹576 Cr ₹832 Cr An overview of key operati
Slide 23: Result Highlights - Financial
FINANCI AL HIGHLIG HT S Metric Q4 FY26 FY26 Result Result Adjusted Total Income* - 858 highlights highlights 152 639 Q3 FY26 Total Income Snapshot of financial performance reflecting EBITDA 63 261 income, profitability, and margin delivery Margin 42% 41% Profit After Tax (PAT) 46 206 Margin 30% 32%
Slide 24: Quarterly Consolidated
Total Income EBITDA PAT ₹ in Cr ₹ in Cr/ MARGIN (%) EBITDA Margin% ₹ in Cr/ MARGIN (%) PAT Margin% Q4 FY26 152 43 42 52 27 42 29 32 43 30 23 Q3 FY26 141 90 87.5 Quarterly 70 67.5 81 81 80 52.5 Q2 FY26 155 63 62 67 45 54 46 35 22.5 39 17.5 33 Q1 FY26 191 0 0 Consolidated Q4 FY25 188 Q4 FY25 Q1 FY26 Q
Slide 25: Annual Consolidated
Total Income EBITDA PAT ₹ in Cr ₹ in Cr/ MARGIN (%) EBITDA Margin% ₹ in Cr/ MARGIN (%) PAT Margin% 37 37 40 41 32 FY26 639 33 43.75 28 23 42 40.25 38.5 16 34 36.75 35 11 33.25 FY25 676 31.5 315 227.5 29.75 25.5 28 292.5 210 26.25 Annual 270 24.5 192.5 22.75 17 247.5 21 175 19.25 225 17.5 157.5 15.75
Slide 26: Sales & Collections in Q4 FY26
Area Sold Booking Value Realisation Collection Project (in sq.ft.) (in ₹ Cr.) (per sq.ft.) (in ₹ Cr.) Monte South* 12,242 45 36,816 64 Sales & Nexzone 12,982 15 11,309 35 17,371 Collections NeoPark/NeoSquare 5,404 9 9 NeoValley 2,576 4 17,190 20 in Q4 FY26 Futurex (MNRL) 13,874 80 57,976 71 Q4 FY26
Slide 27: Debt Profile
Net Debt (₹ In Cr) 838. Debt 751. 542. Profile Our debt profile reflects a 0. conservative financial FY23 FY24 FY25 FY26 approach with a strong focus on maintaining low leverage, optimizing cost of capital, and ensuring ample liquidity for Completed ₹ 900 crore QIP in June 2025, with future growth.
Slide 28: 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 2,657 6,504 2,602 Portfolio Nexzone Panvel 91% 2,779 2,069 710 710 Summary (Existing NeoPark/ NeoSquare Bhandup 100% 1,034 204 830 830 Portfolio) NeoValle
Slide 29: Ongoing Projects
ONG OING PR OJECT STATUS Sale Value Area Estimated Total Area Sold Collectio of Unsold in Revenue Ownershi Carpet Completio in Sq.Ft. n from Project Location Registered Sq.Ft. from p% Area n% (Registered Sold Area Units (in ₹ (Registered unsold area (in sq.ft.) Units) (in ₹ Cr) Cr) Units) (in ₹ Cr)*
Slide 30: Upcoming Projects
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 Upcoming Designed with efficient layouts, modern architecture, and sustainability focus — building on the suc
Slide 31: Upcoming Projects
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 32: 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 33: 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 University of California, San and MS, Columbia University. California, San Diego. s
Slide 34: ESG Overview
ESG OVERVIEW ENVIRONMENTAL SOCIAL GOVERNANCE ❑ LED lighting and energy-efficient systems ❑ Daily safety training, PPE briefings, mock ❑ Code of Conduct applicable to all installed in common areas across project drills and working-at-heights sessions Directors, KMPs and employees; covers sites conduc
Slide 35: Thank you
Thank you Marathon Nextgen Realty Limited Mr. Avinash Tanawade • +91 22 6724 8484 • avinash.tanawade@marathonrealty.com Mr. Rahul Agarwal • +91 98214 38864 • rahul.agarwal@sgapl.net 35
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