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 0.41% in the December 2021 quarter
 ( Results - Announcements 14-Feb-22   16:11 )
  Marathon Nextgen Realty fixes record date for dividend
 ( Market Beat - Reports 06-Sep-22   15:47 )
  Marathon Nextgen Realty to declare Quarterly Results
 ( Corporate News - 19-May-25   11:30 )
  Marathon Nextgen Realty Ltd leads gainers in 'B' group
 ( Hot Pursuit - 10-Jun-22   12:15 )
  Marathon Nextgen Realty standalone net profit declines 47.04% in the March 2017 quarter
 ( Results - Announcements 29-May-17   15:44 )
  Marathon Nextgen Realty announces board meeting date
 ( Corporate News - 18-May-23   12:46 )
  Uttam Sugar Mills Ltd leads losers in 'B' group
 ( Hot Pursuit - 07-Dec-23   14:45 )
  Marathon Nextgen Realty allots 6 lakh equity shares on conversion of warrants
 ( Corporate News - 29-Jul-23   12:45 )
  Outcome of board meeting of Marathon Nextgen Realty
 ( Corporate News - 20-Mar-17   18:12 )
  Marathon Nextgen Realty schedules board meeting
 ( Corporate News - 30-Nov-21   11:02 )
  Marathon Nextgen Realty to hold board meeting
 ( Corporate News - 27-Mar-25   10:34 )
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