Marathon Nextgen Realty Ltd - Key Updates for Q1FY24

Marathon Nextgen Realty Limited has announced key consolidated operational updates for Q1FY24.

Pre-sales*:

The company has had a good quarter in terms of pre-sales amounting to Rs. 245 crores.

Operational Highlights for Q1FY24

- Area sold stood at 1,84,991 sq. ft., an increase of 74% YoY over corresponding period of last year.

- Sales value stood at Rs. 323 crores, an increase of 154% YoY over corresponding period of last year.

- Collections stood at Rs. 233 crores, an increase of 92% YoY over corresponding period of last year.

Net Debt:

After the QIFY24 our net debt stood at Rs.830 crores, which is inline with our objective of reducing debt to a healthy level.

*Pre-sales are the sales where advance money is received however the transactions aren't registered.

Shares of Marathon Nextgen Realty Limited was last trading in BSE at Rs. 326.35 as compared to the previous close of Rs. 330.40. The total number of shares traded during the day was 2315 in over 217 trades.

The stock hit an intraday high of Rs. 334.70 and intraday low of 320.85. The net turnover during the day was Rs. 751174.00.

Source : Equity Bulls

Keywords

MarathonNextgenRealty INE182D01020 Q1FY24 BusinessUpdate OperationalUpdate