Stock Analysis

Max Estates Full Year 2024 Earnings: Misses Expectations

NSEI:MAXESTATES
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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).
earnings-and-revenue-growth
NSEI:MAXESTATES Earnings and Revenue Growth May 24th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.