Max Estates, a Max Group company with a market capitalization of less than ₹ 10,000 crore, saw a gain of more than 6% today. The company recently released its second quarter results for the financial year 2025 and the results have been excellent. The company had raised funds to boost growth, which has benefited. The company also said that it has received approval from NCLAT for the Delhi One project in Noida.

Max Estates is planning to develop Delhi One project in 34,697 square meters in Sector 16B of Noida. This project will be launched in the financial year 2026 and its cost is estimated to be ₹ 1,500 crore. The company expects an annual income of ₹ 120 crore from this project. Apart from this, the company also expects to earn ₹ 500 crore from sold inventory.

How have the results been?
Talking about the results of the company, the consolidated income in the first half of the financial year 2025 was ₹ 80.7 crore. At the same time, the operating profit was ₹ 23.6 crore. However, due to higher expenditure on advertisements, sales promotion for residential portfolio, the company suffered a loss of ₹ 3.4 crore. Lease rental increased by 96% year-on-year to ₹ 53 crore. During this period, an income of ₹ 19 crore has been received from Max Asset Services.

What did the management say after the results? Regarding the results, Sahil Vachani, Chairman and Managing Director, Max Estates said that the first half of the financial year 2025 was better due to strategic growth initiatives and was important for the business at the operational level. Due to strong balance sheet and capital for growth, we will perform well in future opportunities. What is the company working on next? In the first 6 months of the financial year 2025, Max Estates has got an opportunity to work in 70 lakh square feet. This is for Delhi-NCR. The company had earlier given guidance for 30 lakh square feet. This also includes a joint development agreement for a residential project on 18.23 acres in Gurugram. Also, work on the fourth tower in Estate 128 in Noida is also included. Let us tell you that the company's first residential project Estate 360 ​​in Gurugram had a record pre-sales booking of ₹ 4,100 crore. 85% of the inventory of this project was sold in just 30 days. In the third quarter, the company will build the fourth tower in Estate 128 Noida. This is the reason why the booking value of the company in the financial year 2025 was ₹ 4,800 - ₹ 5,200 crores. Earlier it was estimated to be ₹ 4,000 crores. The company has recently raised ₹ 1,300 crores through QIP, convertible warrants and strategic investment in the assets of New York Life Insurance. The company has said that through these projects it will increase the development pipeline in Delhi-NCR. Shares of Max Estates have climbed up to 96% in the last 6 months.