Marathon Nextgen Q1 Results Review - Potential Fundraise Through QIP To Drive Further Growth: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Marathon Nextgen Realty Ltd. reported mixed results in Q1 FY25, with an improvement in top-line but a decline in profitability. The company remains optimistic about its upcoming launches in Monte South, NeoPark, Nexzone, and Neo Valley. These strategically positioned projects, with their appealing offerings, are expected to drive significant sales and profitability in the coming years. The management, as highlighted in Q4 FY24, has worked on reducing the net debt of the company and is constantly working towards the same, leading to a potential decline in interest burden going forward. .We increase our FY26E Ebitda to Rs 2,936 (previously: Rs 2,657) and raise our enterprise value/Ebitda to 13.5 times (previously: 11.5 times), reflecting our continued optimism regarding the company’s upcoming projects, its robust and diverse pipeline, and significant interest from potential buyers, all of which are anticipated to drive top-line growth. We raise our target price to Rs 632 (previously: Rs 450). However, since our last update on Marathon, the stock has surged 56.8%, limiting the scope of potential upside. Consequently, we downgrade our rating on the shares of Marathon Nextgen Realty to "Accumulate" from "Buy“..Click on the attachment to read the full report:.Rapid Multimodal Logistics IPO: Price Band And Day 2 Subscription Status.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Marathon Nextgen Q1 Results Review - Potential Fundraise Through QIP To Drive Further Growth: DRChoksey

The company remains optimistic about its upcoming launches in Monte South, NeoPark, Nexzone, and Neo Valley, says the brokerage.

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Marathon Nextgen Q1 Results Review - Potential Fundraise Through QIP To Drive Further Growth: DRChoksey

The company remains optimistic about its upcoming launches in Monte South, NeoPark, Nexzone, and Neo Valley, says the brokerage.

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