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 Realty slumps after pre-sales volume drops 45% YoY in Q1
 ( Hot Pursuit - 10-Jul-24   10:11 )
  Marathon Nextgen Realty to declare Quarterly Result
 ( Corporate News - 07-Feb-22   17:40 )
  Marathon Nextgen Realty standalone net profit rises 60.11% in the June 2016 quarter
 ( Results - Announcements 14-Sep-16   17:19 )
  Marathon Nextgen Realty consolidated net profit declines 36.32% in the December 2023 quarter
 ( Results - Announcements 08-Feb-24   17:26 )
  Marathon Nextgen Realty reports consolidated net profit of Rs 23.30 crore in the March 2022 quarter
 ( Results - Announcements 28-May-22   08:11 )
  Marathon Nextgen Realty to hold board meeting
 ( Corporate News - 25-Oct-23   14:03 )
  Marathon Nextgen Realty standalone net profit declines 49.57% in the September 2022 quarter
 ( Results - Announcements 12-Nov-22   14:48 )
  Marathon Nextgen Realty consolidated net profit rises 133.70% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   12:25 )
  Marathon Nextgen Realty reports consolidated net loss of Rs 6.30 crore in the March 2020 quarter
 ( Results - Announcements 30-Jun-20   08:19 )
  Marathon Nextgen Realty declares interim dividend
 ( Corporate News - 27-Jan-10   17:57 )
  Marathon Nextgen Realty to hold board meeting
 ( Corporate News - 20-May-22   14:34 )
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