Max India Limited (MAXIND) Earnings Call Transcripts

Max India Limited's Latest Earnings Call - Q4 FY2026

Max India Limited reported its Q4 FY '26 earnings, showing significant improvements in revenue and reduced losses, which could positively impact the stock. The company achieved a consolidated revenue of INR 213.4 crores for FY '26, a 30% increase from INR 164 crores in FY '25. The EBITDA loss improved to INR 83 crores from INR 99 crores in the previous year. Quarterly revenue for Q4 was INR 72 crores, reflecting a 45% Q-on-Q growth and a 58% YoY growth. Management did not provide specific guidance changes but indicated a focus on profitability and expansion.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but emphasized a focus on achieving profitability and expanding their residential and care services. They expect further improvement in financial performance in FY '27.

What management said

Yes. So Harsh, on launch of Phase 2 of E361 is around the corner. You'll find in the next few days, we will make that announcement because, as I said, 140 of the 180 have been sold, and we don't have inventory left for a certain type. There is demand still. So that you'll find very soon. Yes, the collections are lumpy. You're absolutely right. And therefore, most of the collection we have done now are the booking fee...

And this booking fee will continue -- Harsh, this is Ajay. So this booking will continue till the time we do the sales. To our understanding, it will be 20% collection, which will come as a time-bound manner. So a booking fee of INR 25 lakhs, then 10% on application and then one more 10%. Then the collection based on construction takes approximately 3 quarters, and then it becomes very periodic. So it will be lumpy i...

What analysts pressed on

Analysts questioned the timeline for launching Phase 2 of Estate361 and the impact of geopolitical tensions on raw material costs for AGEasy. Concerns were also raised about the high staff costs relative to revenue and the company's conservative growth approach over the past decade.

Main topics on the call

• Revenue Growth — Max India reported a 30% increase in consolidated revenue to INR 213.4 crores for FY '26 from INR 164 crores in FY '25. Q4 revenue was INR 72 crores, a 45% increase from Q3 FY '26 and a 58% increase YoY. Management highl...
• Occupancy Certificate for Noida — The company received a partial occupancy certificate for three towers in Noida, unlocking potential receivables of INR 150 crores. This development allows Max India to refile for Phase 2 approvals, potentially doubling o...
• Antara Assisted Care Services — The care services segment saw revenue rise to INR 11.4 crores in Q4, a 1.1x Q-on-Q increase. The total bed capacity is now 485 beds across several cities, with occupancy showing improvement in existing care homes.
• AGEasy Performance — AGEasy reported a net revenue of INR 23 crores in Q4 FY '26, showing a 1.4x YoY growth. The FY '26 revenue was INR 77 crores, marking a 100% YoY growth. The RoAS improved to 1.8%, with a March '26 exit at 2.9%.

Read the full Max India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 15 Max India Limited earnings call transcripts on record, spanning February 2, 2023 to August 12, 2026. Based on this history, Max India Limited reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MAXIND

Country

IN

Sector

Health Care

Industry

Health Care Providers and Services

Calls on record

15

First call

February 2, 2023

Most recent

August 12, 2026

Reporting cadence

quarterly