Results Snapshot
Figures in Cr
Consolidate Nine Monthly Results
Dec'25
Dec'24
Dec'23
Dec'22
Net Sales
150.02
120.70
62.93
84.04
Other Operating Income
0.00
0.00
0.00
0.00
Total Operating income
150.02
120.70
62.93
84.04
Raw Material Cost
3.84
2.68
0.00
8.51
Purchase of Finished goods
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
1.87
0.00
7.91
Employee Cost
22.26
11.99
8.76
11.20
Power Cost
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
2.06
Selling and Distribution Expenses
45.10
28.84
18.38
1.85
Other Expenses
51.89
39.98
25.83
28.43
Total Expenditure (Excl Depreciation)
123.09
85.36
52.97
59.96
Operating Profit (PBDIT) excl Other Income
26.93
35.34
9.96
24.08
Other Income
76.20
51.66
18.77
18.53
Operating Profit (PBDIT)
103.13
87.00
28.73
42.61
Interest
49.23
45.32
28.77
13.52
Exceptional Items
0.00
0.00
-44.45
0.00
Gross Profit (PBDT)
53.90
41.68
-44.49
29.09
Depreciation
24.48
25.34
16.95
11.18
Profit Before Tax
29.43
16.34
-61.43
17.89
Tax
9.68
3.91
-11.04
4.03
Provisions and contingencies
0.00
0.00
0.00
0.00
Profit After Tax
19.75
12.43
-50.40
13.87
Extraordinary Items
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
Net Profit
19.75
12.43
-50.40
13.87
Share in Profit of Associates
0.00
0.00
0.00
0.00
Minority Interest
0.18
3.17
0.94
-0.42
Other related items
0.00
0.00
0.00
0.00
Consolidated Net Profit
17.50
23.47
-40.72
13.73
Equity Capital
162.23
160.99
147.13
147.09
Face Value
10.0
10.0
10.0
10.0
Reserves
0.00
0.00
0.00
0.00
Diluted Earnings per share
0.01
1.04
-0.21
0.27
Operating Profit Margin (Excl OI)
17.95%
29.28%
15.83%
28.65%
Gross Profit Margin
35.93%
34.53%
-70.7%
34.61%
PAT Margin
13.16%
10.3%
-80.09%
16.5%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
Nine Monthly Analysis Highlights
Net Sales
YoY Growth in nine months ended Dec 2025 is 24.29% vs 91.80% in Dec 2024
Consolidate Net Profit
YoY Growth in nine months ended Dec 2025 is -25.44% vs 157.64% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in nine months ended Dec 2025 is -23.80% vs 254.82% in Dec 2024
Interest
YoY Growth in nine months ended Dec 2025 is 8.63% vs 57.53% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in nine months ended Dec 2025 has fallen from Dec 2024
Compare Nine Monthly Results Of Max Estates With
Figures in Cr
Consolidate Nine Monthly Results
Change(INR)
Change(%)
Net Sales
150.02
416.32
-266.30
-63.97%
Other Operating Income
0.00
0.00
0.00
Total Operating income
150.02
416.32
-266.30
-63.97%
Raw Material Cost
3.84
64.34
-60.50
-94.03%
Purchase of Finished goods
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
-33.01
33.01
100.00%
Employee Cost
22.26
17.27
4.99
28.89%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
Selling and Distribution Expenses
45.10
0.00
45.10
Other Expenses
51.89
16.74
35.15
209.98%
Total Expenditure (Excl Depreciation)
123.09
65.34
57.75
88.38%
Operating Profit (PBDIT) excl Other Income
26.93
350.98
-324.05
-92.33%
Other Income
76.20
0.44
75.76
17,218.18%
Operating Profit (PBDIT)
103.13
351.42
-248.29
-70.65%
Interest
49.23
3.02
46.21
1,530.13%
Exceptional Items
0.00
0.00
0.00
Gross Profit (PBDT)
53.90
348.40
-294.50
-84.53%
Depreciation
24.48
4.92
19.56
397.56%
Profit Before Tax
29.43
343.47
-314.04
-91.43%
Tax
9.68
88.58
-78.90
-89.07%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
19.75
254.89
-235.14
-92.25%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
19.75
254.89
-235.14
-92.25%
Share in Profit of Associates
0.00
0.00
0.00
Minority Interest
0.18
0.00
0.18
Other related items
0.00
0.00
0.00
Consolidated Net Profit
17.50
254.89
-237.39
-93.13%
Equity Capital
162.23
83.39
78.84
94.54%
Face Value
10.00
10.00
0.00
Reserves
0.00
0.00
0.00
Gross Profit Margin
35.93%
83.69%
0.00
-47.76%
PAT Margin
13.16%
61.22%
0.00
-48.06%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Nine Monthly - Net Sales
Net Sales 150.02 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 24.29% vs 91.80% in Dec 2024
Nine Monthly - Consolidate Net Profit
Consolidate Net Profit 17.50 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is -25.44% vs 157.64% in Dec 2024
Nine Monthly - Operating Profit (PBDIT)
Operating Profit (PBDIT) 26.93 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is -23.80% vs 254.82% in Dec 2024
Nine Monthly - Interest
Interest 49.23 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 8.63% vs 57.53% in Dec 2024
Nine Monthly - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 17.95%
in Dec 2025Figures in %
YoY Growth in nine months ended Dec 2025 has fallen from Dec 2024






