Max Estates Q2 FY27 consolidated revenue Rs 52.77 cr, PAT Rs 4.68 cr
For the quarter ended 30.09.2026, Max Estates’ consolidated revenue from operations was Rs 52.77 cr and profit after tax was Rs 4.68 cr versus Rs 48.77 cr and Rs 7.81 cr a year earlier.
Key takeaways
- Revenue from operations Rs 52.77 cr vs Rs 48.77 cr in Q2 FY26.
- Total income Rs 79.33 cr vs Rs 74.63 cr a year earlier.
- Total expenses Rs 72.17 cr vs Rs 63.01 cr in the prior-year quarter.
- Profit before tax Rs 7.15 cr vs Rs 11.63 cr in Q2 FY26.
- PAT Rs 4.68 cr vs Rs 7.81 cr; basic EPS Rs 0.29 vs Rs 0.49.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 52.77 cr | Rs 48.77 cr | +8.2% |
| PAT | Rs 4.68 cr | Rs 7.81 cr | -40.1% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 8.87% of revenue, down 714 bps from 16.01%.
- Total expenses rose 14.5% while revenue rose 8.2%.
• Basis: Consolidated statement of unaudited financial results for the quarter ended 30.09.2026, compared with quarter ended 30.09.2025 (statement of financial results).
• Revenue from operations: Rs 52.77 cr (30.09.2026) vs Rs 48.77 cr (30.09.2025).
• Other income: Rs 26.56 cr vs Rs 25.86 cr.
• Total income: Rs 79.33 cr vs Rs 74.63 cr.
• Employee benefits expense: Rs 8.46 cr vs Rs 7.08 cr.
• Finance costs: Rs 16.43 cr vs Rs 16.28 cr.
• Depreciation and amortisation expense: Rs 8.21 cr vs Rs 8.04 cr.
• Advertisement and sales promotion expense: Rs 19.83 cr vs Rs 12.00 cr.
• Facility and management services: Rs 10.52 cr vs Rs 7.85 cr.
• Other expenses: Rs 8.73 cr vs Rs 11.75 cr.
• Total expenses: Rs 72.17 cr vs Rs 63.01 cr.
• Profit before tax: Rs 7.15 cr vs Rs 11.63 cr.
• Income tax expense: Rs 2.47 cr vs Rs 3.81 cr.
• Profit for the year/period (PAT): Rs 4.68 cr vs Rs 7.81 cr.
• Paid up equity share capital: Rs 163.58 cr vs Rs 161.05 cr.
• Basic EPS: Rs 0.29 vs Rs 0.49.
• Diluted EPS: Rs 0.29 vs Rs 0.48.
For Q2 FY27 (quarter ended 30.09.2026), the consolidated statement of financial results shows revenue from operations of Rs 52.77 cr, modestly higher than Rs 48.77 cr in the corresponding quarter ended 30.09.2025. Including other income of Rs 26.56 cr (vs Rs 25.86 cr a year earlier), total income rose to Rs 79.33 cr from Rs 74.63 cr.
On the cost side, total expenses increased to Rs 72.17 cr from Rs 63.01 cr. Within this, employee benefits expense rose to Rs 8.46 cr from Rs 7.08 cr, and advertisement and sales promotion expense increased to Rs 19.83 cr from Rs 12.00 cr. Facility and management services costs were Rs 10.52 cr compared with Rs 7.85 cr in the prior-year quarter. Finance costs were broadly similar at Rs 16.43 cr versus Rs 16.28 cr, while depreciation and amortisation expense was Rs 8.21 cr versus Rs 8.04 cr. Other expenses declined to Rs 8.73 cr from Rs 11.75 cr.
As a result, profit before tax for the quarter was Rs 7.15 cr, compared with Rs 11.63 cr in the same quarter last year. Income tax expense stood at Rs 2.47 cr versus Rs 3.81 cr. Profit for the year/period (profit after tax) was Rs 4.68 cr, down from Rs 7.81 cr in the corresponding quarter. Basic and diluted earnings per share for the quarter were both reported at Rs 0.29, compared with basic EPS of Rs 0.49 and diluted EPS of Rs 0.48 a year earlier, on a paid up equity share capital that increased from Rs 161.05 cr to Rs 163.58 cr.
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