The real estate developer’s total area sold in Q3 of FY23 was 1,78,592 square feet.

Marathon Nextgen’s pre-sales for the third quarter amounted to Rs 146 crore.

While the company’s sales value increased by 23% to Rs 370 crore, collections for the period under review, however, declined by 8% to Rs 274 crore in Q3 FY24 as compared with Q3 FY23.

After Q3 FY24, Marathon Nextgen’s net debt was at Rs 711 crore.

Marathon Nextgen Realty is promoted by the Marathon group of Mumbai, which executes real estate commercial and residential projects admeasuring 20.94 lakh square feet in the Mumbai Metropolitan Region (MMR).

The company's consolidated net profit zoomed to Rs 34.26 crore in the quarter ended September 2023 as against Rs 14.66 crore during the previous quarter ended September 2022. Sales declined 24.08% to Rs 129.03 crore in Q2 FY24 over Q2 FY23.