Max Estates (NSE:MAXESTATES) Full Year 2024 Results
Key Financial Results
- Revenue: ₹1.19b (down 8.1% from FY 2023).
- Net loss: ₹421.6m (down by 322% from ₹190.1m profit in FY 2023).
- ₹2.87 loss per share (down from ₹1.29 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%.
In the last 12 months, the only revenue segment was Real Estate Operations & Development contributing ₹1.19b. The most substantial expense, totaling ₹609.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MAXESTATES's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Real Estate industry in India.
Performance of the Indian Real Estate industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Max Estates (1 is significant!) that you should be aware of before investing here.
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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.
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About NSEI:MAXESTATES
Max Estates
Max Estates Limited construction and develops residential and commercial properties.
Fair value with acceptable track record.
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