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Holding company Max Ventures and Industries announced FY23 results:
- Consolidated Revenue up by 6% YoY to Rs 1,073 million in FY23
- Consolidated PBT up by 418% YoY to Rs 221 million in FY23
- Consolidated PAT stood at Rs 170 million in FY23 vs. Rs 47 million in FY22
- Total Lease Rental Income (Max Towers Max House) up by 30% YoY to Rs 483 million in FY23
- Max Asset Services Revenue stood at Rs 358 million in FY23, up by 50% YoY
Commenting on the performance, Sahil Vachani, MD & CEO of MaxVIL said, “Max Estates is making significant strides to establish itself as a leading real estate brand in Delhi NCR, with a focus on the well-being of its consumers and all its stakeholders. With a clear purpose, strategy, and aspiration, Max Estates (MEL) is looking to accelerate its growth journey by building on its current portfolio spanning 8 million sq. Ft. and adding at least 1 million sq. Ft. across each commercial and residential portfolio. Anchored on its operating philosophy of WorkWell & LiveWell, MEL aims to deliver design and hospitality led differentiated consumer experiences. We at Max Estates are looking forward to the launch of our first residential project in Delhi NCR (Sector 128, Noida) in the mid of CY23, bringing our LiveWell promise to end consumers.”
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