PRNewswire Mumbai (Maharashtra) [India], November 19: Marathon Nextgen Realty Ltd. (BSE: 503101) (NSE: MARATHON) (ISIN: INE182D01020), one of the leading real estate companies engaged in the development of residential and commercial projects, announces its financial results for the Second Quarter (Q2 FY25) ended September 30th, 2024. Also Read | BGMI 3.
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49 crores Also Read | Anil Deshmukh Attacked in Katol: Case Registered Against 4 Unidentified Persons for Murder Bid After Stone Pelted at Former Maharashtra Home Minister's Car in Nagpur. Commenting on the Company's performance, Chetan Shah, Chairman & Managing Director, Marathon NextGen Realty Limited, said, "We are pleased to report strong performance in Q2 FY25, marked by a stellar 43% YoY increase in PAT to Rs49 crores. This performance reflects robust demand and increased offtake across key projects like Monte South, Millennium, and Futurex.
We have also witnessed significant increase in realization rates, driven by strategic pricing and high-quality project offerings. Construction remains in full swing across projects, supporting timely delivery and enhancing customer satisfaction. In addition, we have dramatically reduced our finance costs and are on track with our debt red.
