Marathon Nextgen Realty Limited (MNRL) announced its financial results for the fourth quarter and year ended March 31, 2025, along with key business highlights.
The board approved the amalgamation of certain entities of the promoter and promoter group into MNRL, subject to shareholder and statutory approvals, aiming to simplify the group structure and reduce managerial overlaps.
The company reduced its debt by over ₹ 20,066.53 Lakh during the fiscal year, leading to a reduced cost of debt.
Key operational highlights include:
OC received for 'Atria' up to the 26th floor in June 2024.
OC received for 'Triton' up to the 27th floor in November 2024.
Financial Performance (Consolidated):
Area Sold: 2,65,376 Sq.Ft.
Booking Value (Registered): ₹ 60,502.70 Lakh
Revenue from Operations: ₹ 58,013.53 Lakh
Total Income: ₹ 67,640.37 Lakh
EBITDA: ₹ 26,931.48 Lakh with a margin of 39.82%
PAT: ₹ 19,053.13 Lakh with a margin of 28.17%
Sales and Collection (Consolidated):
Monte South: Area Sold - 49,794 Sq.Ft., Booking Value - ₹ 17,156.49 Lakh, Collection - ₹ 14,152.23 Lakh.
Nexzone: Area Sold - 1,06,689 Sq.Ft., Booking Value - ₹ 11,273.51 Lakh, Collection - ₹ 8,457.91 Lakh.
FutureX: Area Sold - 36,674 Sq.Ft., Booking Value - ₹ 17,678.90 Lakh, Collection - ₹ 17,678.90 Lakh.
Debt Profile:
Net Debt reduced to ₹ 54,212.18 Lakh.
Net Debt to Equity Ratio improved to 0.46.
Cost of Debt decreased to 12.3%.
The company has a diversified portfolio including premium and luxury housing (Monte South), affordable and mid-income housing (NeoHomes and Nexzone), and commercial spaces (Futurex and Millennium).
MNRL along with promoter group owns more than 400 acres of land in prime locations of MMR.