Max India Q2 FY27: Rev ₹68.6

Investor Takeaways

Revenue grew 66% YoY to ₹68.6 Cr in Q1 FY27, driven by Antara Noida collections and expansion into Bangalore and Dehradun.

Antara Noida dues collection reached 75% of target; Phase II pricing increased to ₹16,000-18,000/sq.ft.; Care Home occupancy rose to 41% in Bannerghatta.

Treasury assets stood at ₹21 Cr and consolidated net worth at ₹372 Cr as of June 30, 2026.

⚠️ High capital intensity in Care Homes and unconfirmed EBITDA timelines require monitoring.

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹68.6 Cr	66%
Net Profit	Not available	N/A
EBITDA	Not available	N/A
EPS	Not available	N/A
OPM	Not available	N/A

What Changed

The filing reveals accelerated revenue growth to ₹68.6 Cr in Q1 FY27, reflecting successful expansion into new markets and improved collections. Antara Noida dues collection reached 75%, indicating stronger cash flow management. Phase II pricing was set at ₹16,000-18,000/sq.ft., supporting revenue uplift. Care Home occupancy in Bannerghatta rose to 41%, signaling operational progress. Treasury assets of ₹21 Cr and consolidated net worth of ₹372 Cr as of June 30, 2026, provide a stable financial foundation. However, the company continues to report net losses, with Q1 FY27 profit not disclosed but consistent with prior quarterly losses. The expansion into Bangalore and Dehradun targets significant sales potential, but high capital requirements for Care Homes remain a structural challenge. EBITDA losses are expected to reduce further in FY27, though timelines remain unconfirmed.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Max India Limited (MAXIND)	-7.34	Not available	Not available	850.66
HDFC Bank Limited (HDFCBANK)	15.5	14.3%	24.4%	1,18,160.74
ICICI Bank Limited (ICICIBANK)	15.47	N/A%	N/A%	8,92,242
State Bank of India (SBIN)	10.44	N/A%	N/A%	8,89,093.09

Max India trades at a negative P/E ratio, reflecting ongoing losses, while peers exhibit positive profitability metrics and higher market valuations.

Risks & Concerns

High capital intensity required for Care Home expansion may strain financial flexibility.

Unconfirmed EBITDA loss reduction timeline introduces uncertainty around near-term profitability.

Negative P/E ratio indicates persistent losses despite revenue growth.

No specific risks identified in this filing beyond operational capital requirements.

Quarterly Trend

[Not available in provided data. Quarterly trend section omitted per instructions.]

📄 View Original Announcement (PDF)

📊 Stock Analysis — MAXIND ✨ Ask AI About This

About Max India Limited (MAXIND)

Financial Services · Finance · Listed on NSE

Market Cap: ₹823.08 Cr ROE: -37.0% ROCE: -33.0%

View full MAXIND stock details →

📡 Get AI alerts when MAXIND files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track MAXIND — Free

💡 Ask AI about this filing

"What is the timeline for EBITDA breakeven in FY27?" "How will Phase II pricing impact occupancy rates?" "What is the expected capital allocation split between AGEasy and Care Homes?"

Ask AI Free →

📊 More MAXIND filings

See all MAXIND filings →

🔥 Also filed on 19 August 2026

GOCOLORS Go Fashion (India) Limited Annual Report OIL Oil India Limited Corporate Action GLAXO GlaxoSmithKline Pharmaceuticals Limited Financial Results TIL TIL Limited Financial Results SETUINFRA Setubandhan Infrastructure Limited Financial Results ASALCBR Associated Alcohols & Breweries Ltd. Corporate Action

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when MAXIND files new disclosures

Track MAXIND filings, board meetings, and corporate actions. Free email alerts at 5 PM.