Max Estates Q1 Results Reach a Total Revenue of ₹40.49 crores & Net Income ₹1.57 crores

Max Estates Q1 Results: In the Q1 results for Max Estates, we see some important changes in their financial performance. The total revenue for June 2024 was ₹40.49 crores, which shows a big drop of 62.36% compared to the previous quarter (QoQ) of ₹107.34 crores. However, when we look at the year-over-year (YoY) comparison, revenue increased by 121.52% from ₹18.28 crores in June 2023. This shows that while the company faced challenges this quarter, they are performing much better compared to the same time last year (YoY).

Max Estates’ selling, general, and administrative expenses were ₹17.80 crores, which is an increase of 32.82% QoQ from ₹15.38 crores. YoY, these expenses rose by 90.52% from ₹9.34 crores, indicating higher costs over the year. The total operating expenses were ₹34.02 crores, a decrease of 62.42% QoQ from ₹90.58 crores but a significant reduction of 46.12% YoY compared to ₹63.14 crores last year. Despite this, the company reported a net income of ₹1.57 crores, although it dropped 91.72% QoQ from ₹19.01 crores. Year-over-year (YoY), they have improved from a net loss of ₹37.79 crores in June 2023. Overall, the results show a mix of challenges and improvements when viewed QoQ and YoY.

Here are the Q1 results for Max Estates presented in a simple table format, along with a brief explanation:

(₹ in crores)

Source: Here 

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Max Estates Q1 Results

The Max Estates table shows the financial performance for the quarter ending June 30, 2024, compared to previous periods. It provides key information about income, expenses, profit, tax, and earnings per share (EPS).

Max Estates earned a total income of 2,854.49 million rupees in the latest quarter. This is a significant increase from 1,891.63 million rupees in the same quarter last year. The income comes from two main sources: revenue from operations and other income, which includes profits from different activities. The company’s expenses, which include costs for employee salaries, finance costs, and other expenses, totaled 1,926.03 million rupees. This is also higher than previous periods but indicates that the company is managing its costs well.

Max Estates  After deducting taxes, which were 187.59 million rupees, they reported a profit of 740.87 million rupees for the quarter. This is a healthy profit compared to 410.47 million rupees in the previous quarter. The company's earnings per share (EPS), an important measure for investors, improved to 0.50 rupees. This shows that Max Estates is growing and becoming more profitable, making it an attractive investment opportunity.

Here's a summary of the financial results presented in a clear table format for easy reference:

(INR in lakhs unless otherwise stated)

Max Estates Stock Metrics

Max Estates is a company with a market capitalization of ₹9,853 crore, indicating its total value in the stock market. The current stock price is ₹613, with a highest price of ₹699 and a lowest of ₹243 in recent times. The book value per share is ₹79.6, which helps investors understand the company's worth. However, the company does not offer any dividends to shareholders, as indicated by a dividend yield of 0.00%. The return on capital employed (ROCE) is 0.46%, showing low profitability, while the return on equity (ROE) is -1.39%, indicating that the company has lost money relative to its equity.

Here is the information presented in a simple table format for clarity:

Quarterly Results 

The Max Estates table shows the financial results for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company earned ₹24.17 crores in sales but had expenses of ₹17.90 crores, leading to an operating profit of ₹6.27 crores. In March 2024, sales increased to ₹30.01 crores, and the operating profit rose to ₹7.81 crores. By June 2024, sales surged further to ₹40.49 crores, resulting in a much higher operating profit of ₹15.23 crores.

Here’s the table for the financial results, specifically for Dec 2023, Mar 2024, and Jun 2024 with particulars:

About Max Estates

Max Estates is part of the Max Group and focuses on developing real estate in Delhi NCR. The company aims to build sustainable, high-quality developments that enhance well-being. Max Estates pays special attention to creating spaces that encourage collaboration, innovation, and community. These spaces are not only beautiful and functional but also environmentally friendly. They want their buildings to promote the overall wellness of the people who use them.

Max Estates has a diverse range of projects in different locations and asset types, including residential and commercial properties. They have properties that are already completed, some that are nearly finished, and others still in the design stage. The company is working hard to become the top choice for real estate in the NCR region.

Max Estates mission is to improve the quality of life through the spaces they create. This includes focusing on excellent design, sustainability, and positive experiences for customers and communities. Max Estates also values service, excellence, and credibility in all its actions. Since its inception in 2016, the company has launched various successful projects and continues to grow, aiming to be a leading real estate brand in North India.