Max Estates gains 5% after ₹5,305 crore FY26 pre-sales; strong Q4 drives growth

Max Estates Ltd. shares rose 5% after the company reported pre-sales of ₹5,305 crore in FY26, largely driven by a strong March quarter that contributed ₹3,392 crore, as demand for premium residential projects remained robust.

The developer has now crossed the ₹5,000 crore pre-sales mark for the second consecutive year, underscoring sustained momentum despite a volatile macro environment, the company said in an exchange filing on Monday, April 6.

Sahil Vachani, Vice Chairman and Managing Director at Max Estates, said the strong Q4 performance reflects sustained demand for the company’s “wellbeing-focused” residential offerings.

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"This is backed by a strong collection efficiency, with ~INR 1,578 crore collected during the year," he said.

Among key projects, Estate 105 in Noida clocked pre-sales of around ₹1,783 crore within just 10 days of its launch in March, highlighting strong buyer interest. Meanwhile, Estate 361 in Gurugram contributed about ₹1,704 crore, benefiting from premium pricing and demand for wellness-focused residential communities.

Vachani noted, "The strong sales momentum of Estate 105 and Estate 361 indicates that our belief of thoughtfully designed and wellness-led communities resonate with customers."

The company’s integrated project Max One in Noida added approximately ₹1,415 crore to FY26 pre-sales, including bookings carried forward after regulatory approvals.

Collections for the year stood at around ₹1,578 crore, with the company maintaining a strong balance sheet. As of March 2026, total debt was approximately ₹1,859 crore, while cash and cash equivalents were ₹1,685 crore, resulting in a low net debt of about ₹174 crore.

Max Estates said it has built scale rapidly over the past three years, with pre-sales rising from ₹1,841 crore in FY24 to over ₹5,300 crore in both FY25 and FY26.

Looking ahead, the company has a gross development value (GDV) pipeline of over ₹16,000 crore, which is expected to drive growth from FY27 onwards.

According to Vachani, the company is entering the new financial year with high visibility on growth while maintaining balance sheet discipline.

Shares of the company gained nealry 5% following the business update, reaching an intraday high of ₹348.65. However, the stock has pared some gains since and was trading at ₹340.40, still 2.42% above last week's closing price. The stock has declined nealy 30% over the last six months.