| Management target | Revenue 100.0% FY27 |
|---|
| Revenue growth | 66% YoY revenue growth driven by Noida handovers and care home occupancy. |
|---|---|
| Margins | Improving contribution margins in older care homes; AGC margins pressured by logistics. |
| Order book | Antara Noida possession initiated for 340 residents; Phase 2 launch planned. |
| Demand visibility | Strong interest in senior living; Gurgaon projects sold out or tracking well. |
| Management confidence | Aggressively optimistic; emphasizing execution milestones despite persistent EBITDA losses. |
Growth
Revenue grew 66% YoY, driven by Antara Noida's handover and rising occupancy across the care homes segment.
Outlook
Management guides AGC to reach EBITDA break-even by Q4 FY27 with a ₹150 Cr revenue target.
Risks
EBITDA losses persists due to high brand spending and logistical headwinds impacting Antara GenCare (AGC) margins.
Last quarter's promises, checked
Delivered
- Guided consolidated loss reduction → delivered ₹6.8 Cr vs ₹27.8 Cr QoQ (= BEAT)
- Guided Noida Partial OC → delivered OC for 3 towers (= BEAT)
- Guided Gurgaon Estate 360 sell-out → delivered 100% sold (= BEAT)
Partly delivered
- Guided Care Home contribution margin improvement → delivered Noida +6%, Gurgaon still negative (= PARTIAL)
- Guided AGEasy 2.9 RoAS exit → delivered 1.7-1.8 for D2C (= PARTIAL)
Missed
- Guided 1.5M sq ft target for FY26 → delivered 1.1M sq ft (= MISS)
Earnings Call Transcript filed with BSE, NSE: MAXIND. Summary written with AI assistance from the document.
Max India Ltd: key numbers
- Share price
- ₹165.84
- Market cap
- ₹934.0 Cr
- Revenue (annual)
- ₹190.6 Cr
- Net profit (annual)
- ₹-121.8 Cr
- P/E (TTM)
- -7.0×Sector 22.8×
- Promoter holding
- 48.33%-1.49% QoQ
- FII holding
- 6.81%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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