Marathon Nextgen Realty Ltd's Q3FY25 Quarter Results
- 14 Jan 2025
Result Summary
- Marathon Nextgen Realty Ltd reported a 11.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 29.1%.
- Its expenses for the quarter were down by 17.9% QoQ and 41.2% YoY.
- The net profit decreased 0.8% QoQ and decreased 3.4% YoY.
- The earnings per share (EPS) of Marathon Nextgen Realty Ltd stood at 9.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 156.29 | 175.98 | 220.48 | -11.2% | -29.1% |
Total Expenses | 96.28 | 117.22 | 163.69 | -17.9% | -41.2% |
Profit Before Tax | 60.00 | 58.75 | 56.79 | 2.1% | 5.7% |
Tax | 10.95 | 9.30 | 15.44 | 17.7% | -29.1% |
Profit After Tax | 49.05 | 49.46 | 50.76 | -0.8% | -3.4% |
Earnings Per Share | 9.60 | 9.40 | 10.20 | 2.1% | -5.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Marathon Nextgen Realty Ltd is a well-established company operating in the real estate sector. The company's primary business involves the development of residential and commercial properties. Over the years, it has built a strong reputation for delivering high-quality projects, with a particular emphasis on sustainability and innovation. The company operates predominantly in the Mumbai Metropolitan Region, one of India's most vibrant and challenging real estate markets.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Marathon Nextgen Realty Ltd reported total income of ₹156.29 crores. This represents a quarter-on-quarter (QoQ) decrease of 11.2% from ₹175.98 crores in Q2FY25. The year-on-year (YoY) comparison reveals a more significant decrease; in Q3FY24, the total income was ₹220.48 crores, indicating a YoY change of -29.1%. These figures reflect the dynamic nature of the real estate industry and the myriad of factors that can impact a company's revenue, including economic conditions, property market trends, and consumer sentiment.
Profitability
Despite the decrease in total income, Marathon Nextgen Realty Ltd demonstrated resilience in profitability. The company's profit before tax (PBT) in Q3FY25 was ₹60.00 crores, a slight increase of 2.1% QoQ from ₹58.75 crores in Q2FY25. This increase in PBT was accompanied by a rise in tax expenses, which were ₹10.95 crores in Q3FY25 compared to ₹9.30 crores in Q2FY25, marking a 17.7% QoQ increase. After accounting for these tax expenses, the company achieved a profit after tax (PAT) of ₹49.05 crores in Q3FY25. This figure represents a marginal QoQ decrease of 0.8% from the PAT of ₹49.46 crores in Q2FY25.
Operating Metrics
An examination of Marathon Nextgen Realty Ltd's operating metrics provides further insights into the company's performance. The total expenses in Q3FY25 were ₹96.28 crores, a reduction of 17.9% from ₹117.22 crores in Q2FY25. The YoY comparison reveals a much larger decrease of 41.2% from ₹163.69 crores in Q3FY24. This significant reduction in expenses may suggest improved operational efficiency. The earnings per share (EPS) for Q3FY25 was ₹9.60, up 2.1% QoQ from ₹9.40 in Q2FY25. However, in a YoY comparison, the EPS dropped by 5.9% from ₹10.20 in Q3FY24. The EPS is an important indicator of profitability that many investors consider when making investment decisions. The mixed performance in EPS reflects the complex interplay of revenue, costs, and shareholding structure in influencing the company's profitability.
