Max India Ltd · NSE:MAXIND
Max India — Q3 FY2026 Earnings Presentation
29 slides from Max India's earnings presentation, Feb 10, 2026
Slide 1: Filing cover letter to BSE and NSE
February 10, 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 – Q3
Slide 2: Investor Release February 10, 2026
Investor Release February 10, 2026
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: Business Performance & Key Highlights
BUSINESS PERFORMANCE & KEY HIGHLIGHTS
Slide 5: Key Performance highlights of Q3FY26
Key Performance highlights of Q3FY26 Assets : Residences Services: Assisted Care Products: AGEasy E360,Gurugram*:. 100% Units sold Assisted Care AGEasy performance as on date. Project progressing as Revenue of Rs 10.38 Cr, up ~1.2x • Revenue of ~Rs 17.2 Cr, up planned; Sales collection at ~Rs 343 (Q
Slide 6: Business and Financial Performance Update
BUSINESS AND FINANCIAL PERFORMANCE UPDATE
Slide 7: Strong endorsement continues for our brand and offerings by customers, employees and partners
Strong endorsement continues 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% (Q2FY26 88%) • Care Homes: SAT Index at 92% (Q2FY26 95%) Early Adopters Award Award f
Slide 8: Financial Performance: Results across all business verticals in Q3 FY26 are as planned
Financial Performance: Results across all business verticals in Q3 FY26 are as planned; Focus continues on scale-up in Q4 FY26 • Consolidated revenue of Rs 49.8 Cr for Q3FY26 vs Rs 50.2 Cr in Q2FY26, slightly lower than last quarter Consolidated ▪ Residences for Seniors - revenue of Rs 19.7 Cr for Q
Slide 9: Residences for Seniors
Residences for Seniors
Slide 10: Antara Dehradun: Operations Stable; Q3 FY26 revenue Rs 6.80 Cr
Antara Dehradun: Operations Stable; Q3 FY26 revenue Rs 6.80 Cr; Community continues to be in Cash & profit surplus 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 project 60,000 Rs 25,000 4 re-sales* Clubhouse size Re-s
Slide 11: Antara Noida Phase 1: All units sold, collection efficiency ~99%
Antara Noida Phase 1: All units sold in Mar’23, collection efficiency ~ 99%; Revised application for OC filed based courts directive; positive outcome expected 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 40:60 ~Rs 16,0001 efficiency Channel M
Slide 12: Antara Noida: All prepared to operationalize the community
Antara Noida: All prepared to operationalize the community Residences Golf Course & Club 11 This information was prepared by Antara Senior Living Ltd. It is not to be used or relied upon by any 3 rd party without Antara’s written consent.
Slide 13: E360, Gurugram: All units sold out within 10 months of launch
E360, Gurugram : All units sold out within 10 months of launch, achieved total sales value of ~ INR 1.5k+ Crs. Total Saleable area = 7.63 lacs sq. Ft. Avg. Price = ~20.05k per sq. ft. (ExcL GST) Total Gross Sales of Senior Residences towers = ~INR 1530 Crs. Avg. Size of the Apartment= 2615 sq. ft. C
Slide 14: E360, Gurugram: All 292 units of Senior Living sold out
E360, Gurugram : All 292 units of Senior Living sold out till Jul’25, with sales collection ~ Rs ~343 Cr, collection efficiency ~ 97% 292 ~7,63,500 ~ 2,600 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 35:65 ~Rs 21,0001 efficiency Channel Mix (%) Sales Realisation
Slide 15: E361, Gurugram: Launched in Dec 2025; 100+ units sold
E361, Gurugram*: Launched in Dec 2025; 100+ units of Senior Living sold out till Dec’25 in Ph-1 out of 180 Units, with sales collection ~ Rs 31 Cr 360 ~10,51,600 ~ 2,920 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft (Ph-1 180 Units) Collection 70:30 ~Rs 22,5001 efficiency Ch
Slide 16: Care Homes / Memory Care Homes
Care Homes/ Memory Care Homes
Slide 17: 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 - 28 beds Delhi-NCR ▪ Memory Care Homes – 28 beds ▪ Noida - 53 beds (207 beds) ▪ Sector 24, Gurugram - 98 beds Bengaluru ▪ Bannerghatta Road – 83 beds ▪ Whitefield* – 80 beds (163 beds) Chennai ▪
Slide 18: New Care Homes launched in the past one year
New Care Homes launched in the past one year ECR, Chennai Sector - 24, Gurugram Bannerghatta Road, (43 beds) (98 beds) Bengaluru (83 beds) • Oct’25 Go live • Feb’25 Go live • Oct’24 Go live • 15 Move-ins in Q3 FY26 • 69 Move-ins in Q3 FY26 • 96 Move-ins 17 in Q3 FY26
Slide 19: Care Homes: Net revenue at Rs 5.0 Cr in Q3FY26, Up ~2.4x y-o-y
Care Homes (CH): Net revenue at Rs 5.0 Cr in Q3FY26, Up ~2.4x y-o-y Occupancy trend at Care Homes (bed days) 540 Care Homes Revenue (Rs Lacs) 2.7X 2.4x 480 500 9000 YoY YoY 8100 420 8205 7200 391 360 6300 6765 5400 300 293.6 4500 5021 240 3600 234.3 3592 180 205.2 2700 3007 1800 120 900 0 60 Q3FY25
Slide 20: Care at Home
Care at Home 19
Slide 21: Care at Home: Highest ever net revenue ~Rs 5.38 Cr in Q3FY26
Care at Home : Highest ever net revenue ~ Rs 5.38 Cr in Q3FY26, growth of 17% y-o-y Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 12% YoY 17% 3600 YoY 600 3000 3341 3143 2977 2400 2745 2548 538 524.1 1800 500 493.2 1200 456.7 461.2 600 0 400 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q
Slide 22: AGEasy
AGEasy 21 21
Slide 23: AGEasy: Revenue of ~Rs 18.8 Cr in Q3FY26, Up ~1.5X y-o-y
AGEasy^: Revenue of ~Rs 18.8 Cr in Q3FY26, Up ~1.5X y-o-y; RoAS & GM metrics also shown improvement Key highlights AGEasy^ Revenue* (Rs Lacs) • Temporary revenue dip due to technical glitch on the Flipkart alpha channel in Q3FY26 1.5X • Product portfolio expanded to 88 products and 180 SKUs (Joint (
Slide 24: ~6.5L+ lives touched since inception with repeat customers
~6.5L+ lives touched since inception with average ~10% repeat customers ITD till 31st Dec’25 Amazon - Total Flipkart - Total D2C – Total [...] Lives 3,29,715 [...] Lives 1,39,691 [...] Lives 1,90,486 Repeat Customers Repeat Customers Repeat Customers 1 39405 1 7683 1 19004 2 12% repeat 2 6% repeat 2
Slide 25: Consolidated Financials
Consolidated Financials Consolidated Financials 24
Slide 26: Consolidated Financial Performance (Q3FY26)
Consolidated Financial Performance (Q3FY26): Revenue at Rs 49.8 Cr, up 27% YoY; marginally down by ~1% QoQ; EBITDA loss at Rs 29.0 Cr in Q3FY26 vs Rs 26.0 Cr in Q2FY26 Particulars (Rs Cr) Q3FY26 Q2FY26 QoQ(%) Q3FY25 YoY% 9MFY26 9MFY25 YoY% Total Income 49.8 50.2 -1% 39.1 27% 141.3 118.7 19% Total Ex
Slide 27: Balance Sheet: Consolidated Net worth as of Dec'25
Balance Sheet: Consolidated Net worth of Rs 426 Crores as of Dec’25 Assets (Rs in Crs.) 31-Dec-25 31-Mar-25 Equity & Liabilities (Rs in Crs.) 31-Dec-25 31-Mar-25 Non-Current Assets 287.1 277.3 Equity 425.3 358.7 Current Assets 397.2 260.5 Non-Current Liabilities 102.5 108.9 Assets classified as held
Slide 28: Adequate treasury and other monetizable assets available to pursue growth
Adequate treasury and other monetizable assets available to pursue growth opportunities over next 6-9 months Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 105 Cr) Invested Capital (Rs 479 Cr) Invested Capital (Rs 446 Cr) Antara Assisted Care Services business Cash
Slide 29: Contact US
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal / Mr. Shubham Jain Mr. Rahul Agarwal / Ms. Brinkle Shah Jariwala ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / shu