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Max Estates Limited reported a net consolidated profit after tax of INR 13.99 crore for the fourth quarter of FY25, marking a significant turnaround from a loss in the same period last year. The company's total income doubled, driven by strong sales from key projects in Noida and Gurugram. Surpassing its full-year pre-sales guidance, Max Estates achieved over INR 5,300 crore in bookings and is targeting a 15-20% increase in pre-sales for FY26. With several large projects lined up, including a major joint development and the revival of the Delhi One project, Max Estates is set for robust growth supported by strategic investments and approvals.
In contrast to a loss of INR 4.73 crore in the same quarter of the previous fiscal year, Max Estates Limited reported a net consolidated profit after tax of INR 13.99 crore for the quarter that ended on March 31, 2025. This represents a remarkable recovery. The company's total income rose sharply to INR 77.30 crore in Q4 FY25, up by 100.52% from INR 38.55 crore a year earlier, driven by stronger sales momentum across its key real estate projects. Advertisement
For the full fiscal year FY25, Max Estates exceeded its pre-sales guidance by securing over INR 5,300 crore in pre-sales bookings. Building on this success, the company has set an ambitious target of INR 6,000 to INR 6,500 crore in pre-sales for FY26, which represents an expected growth of 15 to 20% compared to the previous year.
Among the prominent contributors to this growth are the Estate 128 project in Noida and Estate 360 in Gurugram. Estate 128 has already achieved pre-sales worth INR 2,700 crore, with collections totalling INR 628 crore to date. Estate 360's pre-sales bookings stand at INR 4,428 crore, with approximately 92% of the project sold and INR 807 crore collected as of March 2025.
Looking ahead, Max Estates plans to launch a significant joint development project on an 18.23-acre land parcel, offering a development potential of 4 million square feet and an estimated gross development value (GDV) of INR 9,000 crore. This project is slated for launch in the second quarter of FY26. Furthermore, the company has a strong launch pipeline, with over 7 million square feet expected to come to market in FY26 and FY27, representing a GDV exceeding INR 14,000 crore. Max Estates aims to add at least 2 million square feet annually in the residential segment, underscoring its commitment to steady growth.
In a strategic boost, Max Estates has received final approvals from both the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) for the revival of the Delhi One project in Sector 16B, Noida. This project, covering roughly 2.5 million square feet on a 10-acre plot, is scheduled for launch in the third quarter of FY26. It boasts a GDV of over INR 2,000 crore and an annuity income potential of INR 120 crore, reinforcing Max Estates' diversified income streams.
In addition to project developments, New York Life Insurance Company (NYL) has committed a further INR 550 crore through a memorandum of understanding, targeting two of Max Estates' projects the Sector 105, Noida development and the Delhi One project. This new investment raises NYL's total commitment to Max Estates to INR 1,000 crore, highlighting strong institutional confidence in the company's growth trajectory.
As the company pursues steady expansion with ambitious targets, it is set to maintain momentum through a balanced approach of new launches and sustained collections, making it a key player to watch in the Indian real estate sector in the coming years.
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