Hot Pursuit     10-Jul-24
Marathon Realty slumps after pre-sales volume drops 45% YoY in Q1
Marathon Nextgen Realty tumbled 4.58% to Rs 594.95 after the company’s pre-sales area declined by 45% to 79,239 square feet in Q1 FY25 from 1,43,429 square feet in Q1 FY24.

As compared with Q4 FY24, the company’s pre-sales area for the June 2024 quarter is lower by 21%.

Pre-sales value for Q1 FY25 was Rs 214 crore, down 46% YoY and down 10% QoQ.

However, the company's collections increased by 17% to Rs 272 crore, up from Rs 233 crore in the first quarter of FY24. Collections are up 8% from the Rs 251 crore recorded in Q4 FY24.

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 39.82 crore in the quarter ended March 2024 as against Rs 16.22 crore during the previous quarter ended March 2023. Sales declined 8.82% to Rs 155.42 crore in Q4 FY24 over Q4 FY23.

Previous News
  Marathon Nextgen Realty consolidated net profit rises 983.08% in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   17:20 )
  Marathon Nextgen Realty consolidated net profit declines 36.32% in the December 2023 quarter
 ( Results - Announcements 08-Feb-24   17:26 )
  Marathon Realty slumps after pre-sales volume drops 45% YoY in Q1
 ( Hot Pursuit - 10-Jul-24   10:11 )
  Marathon Nex sells commercial space worth over Rs 400 cr in flagship project in Mumbai
 ( Corporate News - 19-Dec-22   15:11 )
  Board of Marathon Nextgen Realty recommends final dividend
 ( Corporate News - 28-May-24   16:47 )
  Marathon Nextgen Realty allots 42 lakh equity shares on conversion of warrants
 ( Corporate News - 15-Nov-23   17:17 )
  Marathon Nextgen Realty consolidated net profit rises 307.22% in the September 2022 quarter
 ( Results - Announcements 12-Nov-22   15:18 )
  Marathon Nextgen Realty standalone net profit declines 80.17% in the March 2018 quarter
 ( Results - Announcements 23-May-18   16:54 )
  Marathon Nextgen Realty consolidated net profit rises 145.50% in the March 2024 quarter
 ( Results - Announcements 28-May-24   16:40 )
  Marathon Nextgen Realty spurts after CDSL buys commercial space in Mumbai project
 ( Hot Pursuit - 19-Dec-22   14:35 )
  Board of Marathon Nextgen Realty approves acquisition of 'Marathon FutureX IT Park' business
 ( Corporate News - 05-Jan-18   11:09 )
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