Max Estates 128, a wholly owned subsidiary of Max Estates, announcedthe successful launch of Phase II of Estate 128, Noida. Estate 128 - II is registered with UP RERA number UPRERAPRJ294911/12/2024 and comprises the 4th tower, further expanding the thriving community of the first 3 towers, launched in July 2023.Building on the success of the first phase, the second phase has achieved a pre-sales booking value of Rs 845 crore within a week of its launch, and has surpassed the company`s original guidance of Rs 800 crore as the booking value potential for this phase. Combining both phases, the Estate 128 community will now comprise 4 towers with 268 units, spanning 10 acres and a total booking value of approximately Rs 2,700 crore.With the successful launch of Estate 128-II and Estate 360, Max Estates`recently launched residential project in Gurugram, the company has already achieved a booking value of approximately INR 5,000 Crores in the first nine months of FY25. This performance is well within the company`s full-year guidance of Rs 4,800-5,200 crore. Powered by Capital Market - Live News

Net profit of Max Estates rose 923.81% to Rs 2.15 crore in the quarter ended September 2024 as against Rs 0.21 crore during the previous quarter ended September 2023. Sales rose 96.10% to Rs 40.18 crore in the quarter ended September 2024 as against Rs 20.49 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales40.1820.49 96 OPM %21.252.78 - PBDT7.20-2.66 LP PBT-1.21-9.03 87 NP2.150.21 924 Powered by Capital Market - Live News

Net profit of Max Estates rose 4174.69% to Rs 241.52 crore in the quarter ended September 2024 as against Rs 5.65 crore during the previous quarter ended September 2023. Sales declined 21.26% to Rs 7.48 crore in the quarter ended September 2024 as against Rs 9.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7.489.50 -21 OPM %-41.985.26 - PBDT286.958.78 3168 PBT285.157.64 3632 NP241.525.65 4175 Powered by Capital Market - Live News

Max Estates will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News

Max Estates launched its first Residential development in Gurugram - Estate 360 on 27 August 2024 after receiving its RERA registration (RC/REP/HARERA/GGM/860/592/2024/87) on 16 August 2024. Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of Rs 4,100 crore surpassing the guidance of Rs 4,000 crore provided by the company for FY 25. It has already received a collection of Rs 400 crore. With this successful launch, Max Estates revised the guidance for the total Gross Development Value potential of Estate 360 from Rs 4,000 crore to Rs 4,800 crore in FY 25. Estate 360 is Delhi NCR`s first intergenerational residential community at scale designed by Gensler, a leading global design and architecture firm. It is designed with a deep understanding of generational needs, and endeavours to bring people together through intentional design, natural landscape and shared spaces covering more than 60 amenities catering to different age groups, cultures and lifestyles. Two of the six residences are dedicated to senior living managed by Antara Senior Living with a dedicated healthcare centre open to all residents of the community. The entire development is an IGBC Platinum Precertified incorporating sustainability best practices. Situated at the confluence of Dwarka Expressway, Central Peripheral Road and NH-8, the location has emerged as a hub for premium residential projects within Gurugram having seamless connectivity to the International Airport, different parts of Delhi as well key commercial and residential hubs within Gurugram. Powered by Capital Market - Live News