Max India Ltd · NSE:MAXIND
Max India — Q2 FY2027 Earnings Presentation
32 slides from Max India's earnings presentation, Nov 3, 2026
Slide 1: Stock exchange filing cover letter
November 3, 2026 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 – Q2 &
Slide 2: Investor Release November 2026
Investor Release November 2026
Slide 3: Business Performance & Key Highlights
BUSINESS PERFORMANCE & KEY HIGHLIGHTS
Slide 4: 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 5: Financial Performance – Key Highlights of Q2FY'27
Financial Performance – Key Highlights of Q2FY’27 Financial Performance: Q2 revenue up 89% YoY, 44% QoQ; EBITDA loss down 55% YoY, 54% QoQ, emerging path to profitability CONSOLIDATED SEGMENT SEGMENT CONSOLIDATED *Revenue Residences for Seniors *Care Homes & AGEasy EBITDA Loss Rs 99.1 Cr Rs 50.5 Cr
Slide 6: Residences – Key Highlights of Q2FY'27
Residences – Key Highlights of Q2FY’27 Residences: ~Rs 212 Cr sales collections in Q2 across Gurugram & Noida – E360 fully sold, Noida Phase I handovers under way GURUGRAM GURUGRAM NOIDA DEHRADUN E360(1) E361(2) Noida Phase I Doon (fully operational) 100% 247 / 360 127/340 Rs 6.5 Cr Units sold withi
Slide 7: Care Homes & AGEasy – Key Highlights of Q2 FY'27
Care Homes & AGEasy – Key Highlights of Q2 FY’27 Scale delivered: Care Homes & Services revenue Rs 12.79 Cr (~40% YoY) and AGEasy revenue Rs 35 Cr (1.7x YoY) in Q2 SERVICES PRODUCTS Care Homes & Services AGEasy Rs 12.79 Cr ~40% YoY ~6% QoQ Rs 35 Cr ~1.7x YoY ~1.9x QoQ Q2 FY’27 revenue Q2 FY’27 reven
Slide 8: Business and Financial Performance Update
BUSINESS AND FINANCIAL PERFORMANCE UPDATE
Slide 9: Strong Brand Endorsement and Industry Recognition
Strong Brand Endorsement and Industry Recognition Strong endorsement for our brand Awards and Recognition • Residences (Doon): SAT index at ~89% in Q2FY27 (Q4FY26 87%). • Care Homes and services: SAT Index at 89.7% in Q2FY27 (Q1FY27 89.2%). • AGEasy: SAT index at 82% in Q2FY27 (Q1FY27 82%). ➢ Sep 20
Slide 10: Strong Support and Endorsement by Customers and Residents
Strong Support and Endorsement by Customers and Residents Had an unexpected and life-changing experience during my stay in India, and These diaper pants are super I have spent four days at Antara, and I I am incredibly grateful that I was cared must say, I’m lovin’ it! Thank you to each comfortable
Slide 11: Financial Performance: Q2FY27 Revenue up 90% YoY
Financial Performance: Q2FY27 Revenue significantly increased by 90% YoY and 39% QoQ. EBITDA loss reduced by 55% YoY and 54% QoQ demonstrating path to profitability. • *Consolidated revenue stood at Rs 95.5 Cr in Q2FY27 vs. Rs 50.2 Cr in Q2FY26 vs. Rs 68.6 Cr in Q1FY27. H1FY27 revenue stood at Rs 16
Slide 12: Residences for Seniors
Residences for Seniors
Slide 13: Antara Dehradun: community at optimal stage
Antara Dehradun: The community is now at an optimal stage; focus continues on enhancing resident engagement/experience and optimizing costs Operations Operations Revenue Profit Rs 6.5 Cr Rs 0.94 Cr Re-sales ACB Revenue realisation Per Sq.ft Community Operations revenue trend Rs 3.9 Cr ~Rs 34,500* Op
Slide 14: Antara Noida Phase 1: Project operationalized
Antara Noida Phase 1: Project operationalized; 127 handovers completed out of 340 till Q2FY’27; Possession linked collections on track; Revenues from maintenance activities started in Q2FY’27 Available Average Apartment Units Size in Sq Ft 340 ~2000 Saleable area DM Fee1 in sq ft Cumulative sales an
Slide 15: E360, Gurugram: All units of Senior Living sold
E360, Gurugram* : All 292 units of Senior Living sold within Jul’25, ITD collection Rs 584.5 Cr, collection efficiency ~ 83% Available and Average Apartment sold Units Size in Sq Ft 292 ~2600 Project Collection efficiency1 Cumulative sales and collection trend First intergenerational community by ME
Slide 16: E360, Gurugram: Construction, Collection and DM Fee on track
E360, Gurugram : Project construction, Collection and DM Fee are on track Total Saleable area = 7.63 lacs sq. Ft. Avg. Price = ~20.05k per sq. ft. Total Gross Sales of Senior Residences towers = ~INR 1530 Crs. Avg. Size of the Apartment= 2615 sq. ft. Collection in Q2FY’27 = ~28.5 Cr. Development Fee
Slide 17: E361, Gurugram: Healthy sales momentum in Q2FY'27
E361, Gurugram*: Healthy sales momentum in Q2FY’27; ITD 247 units sold out of 360 units with average sales velocity of 31 units pm for Q2FY’27, ITD sales collection ~ Rs 177.4 Cr Available Saleable area Average Apartment Units in sq ft Size in Sq Ft 360 ~10,50,000 ~2900 (2 phases with 180 units in e
Slide 18: E361, Gurugram: Collection and DM Fee on track
E361, Gurugram : Project launched in Dec’2025; Collection and DM Fee are on track Total Saleable area = 10.50 lacs sq. Ft. Area Sold till Sep’26 = ~7.1 lacs sq. Ft. Avg. Price = ~21.9k per sq. ft. Avg. Size of the Apartment= ~2900 sq. ft. Total Gross Sales for 247 units sold = ~INR 1,550 Crs. Develo
Slide 19: Care Homes and Services
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Slide 20: Care Homes: Total 485 beds across NCR, Bengaluru and Chennai
Care Homes : Total 485 beds across NCR, Bengaluru and Chennai Geography Existing Capacity ▪ DLF Gurgaon - 27 beds Delhi-NCR ▪ Memory Care Home – 29 beds ▪ Noida - 53 beds (207 beds) ▪ Sector 24, Gurugram - 98 beds Bengaluru ▪ Bannerghatta Road – 83 beds ▪ Whitefield – 80 beds (163 beds) Chennai ▪ EC
Slide 21: Operational Care Home Portfolio
Operational Care Home Portfolio Bannerghatta, Bengaluru Sector-24, Gurugram Noida Gurgaon Sector-41 (83 beds) (98 beds) (53 beds) (29 beds) Clinical Enhancing clinical capabilities Exo-Atlet II Robotic exoskeleton for gait rehab • Nov’24 Go live • Feb’25 Go live • Sep’24 Go live • May’26 Go live • M
Slide 22: Care Homes and services: Net revenue Rs 12.79 Cr in Q2FY27
Care Homes and services: Net revenue at Rs 12.79 Cr in Q2FY27, Up ~1.4x Y-o-Y Occupancy trend at Care Homes (bed days) Revenue (Rs Lacs) 1.9X Care Home Care at Home 1.4x YoY 1279 YoY 1203 1139 1037 380 915 384 523 538 13042 524 11456 9357 899 8205 819 6765 616 499 391 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2F
Slide 23: Care Homes Occupancy Trend
Care Homes Occupancy Trend : Existing Beds Exit Occupancy at 40%; New Beds Ramping Up Steadily with Exit at 22% Key highlights Q2 FY'26 Q1 FY'27 Q2 FY'27 Existing Beds 290 290 290 40% 22% Existing beds exit occupancy New beds exit occupancy Sep’26 (27% in Sep’25) Sep’26; up every month Occupancy % 2
Slide 24: AGEasy
AGEasy 23 23
Slide 25: AGEasy: Revenue of ~Rs 35 Cr in Q2FY27
AGEasy: Revenue of ~Rs 35 Cr in Q2FY27, Up ~1.7X Y-o-Y; RoAS more than doubled from 2.0 to 4.7 at quarter exit; AGEasy recorded its highest-ever monthly revenue of Rs 14.9 Cr in Sep’26 Key highlights AGEasy^ Revenue (Rs Lacs) • Revenue increased ~1.7x YoY and ~1.9x QoQ. • 89 products live and 173 SK
Slide 26: AGEasy – Brand Campaigns Driving Demand
AGEasy – Brand Campaigns Driving Demand 25M+ +50% ~2x 100+ 5 Lakh+ Campaign reach in Q2 Brand searches (20K → 30K) Direct web traffic (+105%) Content assets / month Families trust AGEasy Celebrity led Brand Campaigns Demand Impact (Apr → Aug) Monthly brand searches (K) Monthly direct web traffic (K)
Slide 27: AGEasy: Product Differentiation Strengthened Through Designs & Patents
AGEasy: Product Differentiation Strengthened Through 10 Designs & 2 Utility Patents; 11.7L+ Lives Touched, 10% Repeat Rate & NPS of 49 Top 10 Products – Q2 FY'27 (Marketplace + D2C) Product IP Q2 FY’27 Revenue 10 2 1 # Categories (₹Cr) Including 1 Gun Massager 7.6 Design Utility Trademark Patents Pa
Slide 28: Consolidated Financials
Consolidated Financials Consolidated Financials 27
Slide 29: Consolidated Financial Performance (Q2FY27)
Consolidated Financial Performance (Q2FY27): *Revenue at Rs 95.5 Cr, up 90% YoY & 39% QoQ; EBITDA loss reduced by 55% YoY and 54% QoQ demonstrating path to profitability Particulars (Rs Cr) Q2FY27 Q1FY27 QoQ% Q2FY26 YoY% H1FY27 H1FY26 YoY% Total Income 95.5 68.6 39.2% 50.2 90.4% 164.1 91.5 79.3% Tot
Slide 30: Balance Sheet: Consolidated Net worth ~Rs 395 Crores
Balance Sheet: Consolidated Net worth of ~Rs 395 Crores as of Sep’26 Assets (Rs in Crs.) 30-Sep-26 31-Mar-26 Equity & Liabilities (Rs in Crs.) 30-Sep-26 31-Mar-26 Non-Current Assets 286.08 288.69 Equity 394.66 408.30 Current Assets 399.91 381.34 Non-Current Liabilities 98.07 99.24 Assets classified
Slide 31: Treasury and other monetizable assets
Treasury and other monetizable assets – Focus is on profitability across all business verticals Senior living – Residences for Seniors Care Homes & AGEasy – Other Assets^ (Rs 52 Cr) Invested Capital (~Rs 472 Cr) Invested Capital (~Rs 542 Cr) Antara Assisted Care Services business Cash & cash equival
Slide 32: Contact Us
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal / Mr. Abhishek Singh Mr. Rahul Agarwal / Mr. Aditya Parakh ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / abhishek.