Max Estates Full Year 2024 Earnings: Misses Expectations

Max Estates (NSE:MAXESTATES) Full Year 2024 Results

Key Financial Results

• Revenue: ₹1.20b (down 7.4% from FY 2023).
• Net loss: ₹421.6m (down by 322% from ₹190.1m profit in FY 2023).
• ₹3.75 loss per share (down from ₹2.44 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Max Estates Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India.

Performance of the Indian Real Estate industry.

The company's shares are up 5.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Max Estates' balance sheet health.

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