Max Estates Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Max Estates will hold a meeting of the Board of Directors of the Company on 15 July 2024.

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Max Estates 128, a wholly-owned subsidiary of Max Estates, has received approval from New Okhla Industrial Development Authority for the purchase of additional FAR of 20,000 Sq. Mtr. for its residential project - Estate 128, located in Sector 128, Noida.

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Max Estates has provided corporate guarantee for Max Square (a subsidiary company) to Axis BanK.

Max Square has availed Lease Rental Discounting (LRD) debt upto Rs 400 crore, in one or multiple tranches from Axis Bank.

For securing the aforesaid financial facility, the Company has provided a Corporate Guarantee upto an amount of Rs 400 crore.

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Net loss of Max Estates reported to Rs 1.45 crore in the quarter ended March 2024 as against net profit of Rs 5.29 crore during the previous quarter ended March 2023. Sales rose 28.74% to Rs 30.01 crore in the quarter ended March 2024 as against Rs 23.31 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 42.16 crore in the year ended March 2024 as against net profit of Rs 19.01 crore during the previous year ended March 2023. Sales declined 13.42% to Rs 92.94 crore in the year ended March 2024 as against Rs 107.34 crore during the previous year ended March 2023.

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