Net profit of Marathon Nextgen Realty declined 80.17% to Rs 4.27 crore in the quarter ended March 2018 as against Rs 21.53 crore during the previous quarter ended March 2017. Sales declined 75.57% to Rs 13.15 crore in the quarter ended March 2018 as against Rs 53.82 crore during the previous quarter ended March 2017.

For the full year,net profit declined 64.86% to Rs 30.91 crore in the year ended March 2018 as against Rs 87.96 crore during the previous year ended March 2017. Sales declined 93.19% to Rs 13.15 crore in the year ended March 2018 as against Rs 193.14 crore during the previous year ended March 2017.

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Net profit of Marathon Nextgen Realty declined 59.06% to Rs 10.30 crore in the quarter ended December 2017 as against Rs 25.16 crore during the previous quarter ended December 2016. There were no Sales reported in the quarter ended December 2017 as against Rs 53.81 crore during the previous quarter ended December 2016.

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The Board of Marathon Nextgen Realty at its meeting held on 08 February 2018 has approved sub-division of equity shares of Rs 10 each into equity shares of Rs 5 each. The Board also approved alteration of capital clause of the Memorandum of Association of the company.

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Marathon Nextgen Realty will hold a meeting of the Board of Directors of the Company on 8 February 2018.

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