Income Statement Marathon Nextgen Realty Limited

Equities

MARATHON

INE182D01020

Real Estate Development & Operations

Market Closed - Bombay S.E. Other stock markets 06:00:55 2024-09-11 EDT			5-day change	1st Jan Change
613.60 ^INR	+0.11%		+6.16%	+47.39%

08-14	Marathon Nextgen Realty Limited Reports Earnings Results for the First Quarter Ended June 30, 2024	CI
08-14	Marathon Nextgen Realty Limited agreed to acquire Marathon Energy Private Limited and Marathon Nexzone Land Private Limited from Chetan R. Shah and Mayur R. Shah for INR 2000.	CI

bc07d7c61e545666b634909ed0e0.G8M0gxSVr3zODB22bCuHhtMZQYNQGRmJFv5_bZiVLlM.WLYB-VvD2jb_SFzaNXm1sZIpDPIlX2zqZ587O_KtXydCrBn6Y9bJGLo7WA

Published financial data: MARATHON NEXTGEN REALTY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	2.41B	2.06B	3.06B	7.17B	7.05B
Other Revenues, Total	-	5.19M	4.42M	2.68M	1.45M
Total Revenues	2.41B	2.06B	3.07B	7.17B	7.05B
Cost of Goods Sold, Total	1.48B	1.23B	1.93B	4.29B	4.21B
Gross Profit	931M	833M	1.13B	2.88B	2.83B
Selling General & Admin Expenses, Total	115M	70.63M	152M	184M	197M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	56.77M	54.34M	29.77M	31.18M	29.67M
Other Operating Expenses	172M	68.35M	232M	297M	307M
Other Operating Expenses, Total	344M	193M	414M	512M	534M
Operating Income	588M	639M	719M	2.36B	2.3B
Interest Expense, Total	-400M	-427M	-719M	-1.17B	-804M
Interest And Investment Income	75.29M	106M	372M	404M	389M
Net Interest Expenses	-325M	-321M	-347M	-766M	-415M
Income (Loss) On Equity Invest.	43.69M	-72.39M	153M	109M	351M
Other Non Operating Income (Expenses)	-6.78M	729K	-22.71M	-46.27M	-93.34M
EBT, Excl. Unusual Items	300M	247M	502M	1.66B	2.14B
Gain (Loss) On Sale Of Investments	3.01M	2.51M	1.51M	8.8M	8.46M
Gain (Loss) On Sale Of Assets	295K	-651K	-15K	13K	910K
Asset Writedown	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	303M	249M	503M	1.67B	2.15B
Income Tax Expense	53.6M	89.36M	114M	433M	464M
Earnings From Continuing Operations	249M	159M	389M	1.24B	1.69B
Net Income to Company	249M	159M	389M	1.24B	1.69B
Minority Interest	-8.64M	-7.37M	-3.72M	-27.02M	-23.06M
Net Income - (IS)	241M	152M	385M	1.21B	1.66B
Net Income to Common Incl Extra Items	241M	152M	385M	1.21B	1.66B
Net Income to Common Excl. Extra Items	241M	152M	385M	1.21B	1.66B
Per Share Items
Net EPS - Basic	5.23	3.3	8.37	26.18	34.43
Basic EPS - Continuing Operations	5.23	3.3	8.37	26.18	34.43
Basic Weighted Average Shares Outstanding	46M	46M	46M	46.21M	48.35M
Net EPS - Diluted	5.23	3.3	8.36	25.21	32.5
Diluted EPS - Continuing Operations	5.23	3.3	8.36	25.21	32.5
Diluted Weighted Average Shares Outstanding	46M	46.03M	46.05M	47.99M	51.22M
Normalized Basic EPS	3.88	3.19	6.74	21.88	27.22
Normalized Diluted EPS	3.88	3.19	6.73	21.07	25.69
Dividend Per Share	-	-	0.5	1	1
Payout Ratio	9.55	-	-	1.91	2.81
Supplemental Items
EBITDA	617M	670M	749M	2.4B	2.33B
EBITA	588M	639M	719M	2.36B	2.3B
EBIT	588M	639M	719M	2.36B	2.3B
EBITDAR	620M	679M	790M	2.44B	2.37B
Total Revenues (As Reported)	2.49B	2.23B	3.44B	7.59B	7.46B
Effective Tax Rate - (Ratio)	17.69	35.94	22.71	25.92	21.57
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	63.7M	124M	106M	387M	498M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-10.06M	-39.48M	14.58M	46.09M	-33.69M
Normalized Net Income	179M	147M	310M	1.01B	1.32B
Interest Capitalized	213M	340M	437M	457M	436M
Interest on Long-Term Debt	6.94M	3.4M	335M	1.15B	337M
Non-Cash Pension Expense	1.42M	1.41M	1.34M	1.81M	2.17M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	3.45M	9.4M	40.8M	41.01M	39.73M
Imputed Operating Lease Interest Expense	3.37M	8.8M	41.27M	54.55M	48.26M
Imputed Operating Lease Depreciation	79.69K	593K	-477K	-13.54M	-8.54M
Maintenance & Repair Expenses, Total	37.52M	19.63M	29.31M	20.08M	20.5M
Stock-Based Comp., SG&A Exp. (Total)	-	365K	4.79M	1.63M	-
Stock-Based Comp., Other (Total)	-	-	14.88M	3.14M	-
Total Stock-Based Compensation	-	365K	19.67M	4.76M	-

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	123M	421M	175M	310M	104M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	41.36M	-
Total Cash And Short Term Investments	123M	421M	175M	351M	104M
Accounts Receivable, Total	218M	503M	379M	433M	944M
Other Receivables	2.73M	15.19M	13.7M	377M	12.49M
Notes Receivable	891M	2.39B	2.45B	2.71B	2.62B
Total Receivables	1.11B	2.9B	2.84B	3.52B	3.58B
Inventory	5.14B	5.01B	5.47B	5.18B	6.2B
Prepaid Expenses	3.06M	2.73M	11.57M	11.8M	16.91M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	796M	1.15B	1.41B	1.23B	1.34B
Total Current Assets	7.17B	9.49B	9.91B	10.29B	11.24B
Gross Property Plant And Equipment	224M	167M	187M	194M	218M
Accumulated Depreciation	-110M	-91.57M	-101M	-111M	-120M
Net Property Plant And Equipment	114M	75.87M	86.12M	83.04M	97.65M
Long-term Investments	263M	134M	2.71B	447M	806M
Goodwill	1.25B	1.25B	1.25B	1.25B	1.28B
Loans Receivable Long-Term	5.6B	4.35B	5.68B	7.79B	7.13B
Deferred Tax Assets Long-Term	17.86M	55.73M	41.03M	668K	29.55M
Other Long-Term Assets, Total	1.75B	1.63B	1.7B	1.67B	1.81B
Total Assets	16.17B	17B	21.39B	21.53B	22.39B
Liabilities
Accounts Payable, Total	1.47B	515M	454M	591M	496M
Accrued Expenses, Total	131M	150M	230M	769M	507M
Short-term Borrowings	868M	526M	772M	791M	697M
Current Portion of Long-Term Debt	461M	198M	1.2B	116M	1.11B
Current Portion of Leases	26.5M	-	-	-	-
Current Income Taxes Payable	1.44M	26.22M	23.08M	138M	122M
Unearned Revenue Current, Total	2.52B	2.39B	2.84B	2.56B	2.57B
Other Current Liabilities	47.62M	24.5M	63M	55.6M	62.15M
Total Current Liabilities	5.52B	3.82B	5.59B	5.02B	5.56B
Long-Term Debt	4.35B	6.67B	8.91B	7.79B	5.83B
Unearned Revenue Non Current	14.34M	5.43M	3.18M	2.8M	-
Pension & Other Post Retirement Benefits	20.1M	16.94M	21.75M	26.55M	29.28M
Deferred Tax Liability Non Current	2.41M	2.08M	1.28M	6.47M	4.76M
Other Non Current Liabilities	289M	331M	321M	750M	889M
Total Liabilities	10.2B	10.85B	14.84B	13.6B	12.31B
Common Stock, Total	230M	230M	230M	232M	256M
Additional Paid In Capital	-	-	-	24.41M	652M
Retained Earnings	5.78B	5.93B	6.25B	7.5B	9.12B
Comprehensive Income and Other	-75.86M	-69.35M	16.06M	93.72M	-71.62M
Total Common Equity	5.93B	6.09B	6.49B	7.85B	9.96B
Minority Interest	42.9M	50.42M	54.12M	81.07M	117M
Total Equity	5.98B	6.14B	6.55B	7.93B	10.07B
Total Liabilities And Equity	16.17B	17B	21.39B	21.53B	22.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	46M	46M	46M	46.32M	51.17M
ECS Total Common Shares Outstanding	46M	46M	46M	46.32M	51.17M
Book Value / Share	128.97	132.41	141.17	169.5	194.57
Tangible Book Value	4.68B	4.84B	5.24B	6.6B	8.68B
Tangible Book Value Per Share	101.74	105.19	113.95	142.47	169.56
Total Debt	5.7B	7.4B	10.88B	8.7B	7.64B
Net Debt	5.58B	6.98B	10.71B	8.35B	7.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	22.01M	17.72M	22.72M	27.69M	30.62M
Debt Equivalent Oper. Leases	27.63M	75.18M	326M	328M	318M
Minority Interest, Total (Incl. Fin. Div)	42.9M	50.42M	54.12M	81.07M	117M
Equity Method Investments, Total	227M	95.1M	2.61B	378M	728M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	4.58B	3.54B	4.22B	4.27B	5.19B
Inventories - Finished Goods, Total	552M	1.47B	1.25B	904M	1.01B
Land - (BS)	258K	258K	258K	258K	258K
Machinery, Total	172M	167M	187M	194M	218M
Full Time Employees	78	55	-	800	800
Accumulated Allowance for Doubtful Accounts (Supple)	16.85M	16.85M	16.75M	16.75M	16.75M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	241M	152M	385M	1.21B	1.66B
Depreciation & Amortization - CF	56.77M	54.34M	30.21M	31.74M	28.14M
Depreciation & Amortization, Total	56.77M	54.34M	30.21M	31.74M	28.14M
Minority Interest in Earnings - (CF)	18.29M	-	-	-	-
(Gain) Loss From Sale Of Asset	295K	-651K	-	13K	72K
(Gain) Loss on Sale of Investments - (CF)	-3.01M	-2.51M	-1.51M	-1.38M	-8.4M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-72.39M	153M	62.88M	-
Stock-Based Compensation (CF)	-	365K	19.67M	4.76M	-
Provision and Write-off of Bad Debts	4.28M	3.68M	-2.66M	-	-
Other Operating Activities, Total	461M	833M	249M	1.64B	214M
Change In Accounts Receivable	-163M	-284M	124M	-54.3M	-510M
Change In Inventories	-490M	124M	-458M	292M	-1.03B
Change In Accounts Payable	25.87M	-953M	-61.64M	137M	-94.69M
Change in Other Net Operating Assets	63.64M	-947M	326M	540M	-46.57M
Cash from Operations	215M	-1.09B	763M	3.86B	221M
Capital Expenditure	-	-	-14.88M	-3.1M	-14.61M
Sale of Property, Plant, and Equipment	2.77M	10.11M	-	-	-
Cash Acquisitions	-732M	-	-	-	-32.85M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-43.69M	132M	-306M	2.28B	41.5M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-50.64M	-243M	-1.4B	-2.36B	750M
Other Investing Activities, Total	68.82M	74.55M	-2.03B	-374M	377M
Cash from Investing	-755M	-26.38M	-3.75B	-460M	1.12B
Long-Term Debt Issued, Total	1.07B	2.47B	3.48B	-	2.62B
Total Debt Issued	1.07B	2.47B	3.48B	-	2.62B
Long-Term Debt Repaid, Total	-22.78M	-53.64M	-	-2.18B	-3.76B
Total Debt Repaid	-22.78M	-53.64M	-	-2.18B	-3.76B
Issuance of Common Stock	-	-	-	6.48M	741K
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-23M	-	-	-23.1M	-46.83M
Common & Preferred Stock Dividends Paid	-23M	-	-	-23.1M	-46.83M
Other Financing Activities, Total	-415M	-976M	-745M	-1.06B	-354M
Cash from Financing	606M	1.44B	2.73B	-3.26B	-1.55B
Miscellaneous Cash Flow Adjustments	1K	-	-	-	1K
Net Change in Cash	66.35M	321M	-249M	142M	-206M
Supplemental Items
Cash Interest Paid	410M	976M	745M	1.23B	840M
Cash Income Tax Paid (Refund)	-103M	14.07M	144M	289M	456M
Levered Free Cash Flow	929M	-2.9B	-117M	1.09B	-608M
Unlevered Free Cash Flow	1.18B	-2.64B	333M	1.82B	-106M
Change In Net Working Capital	-755M	3.09B	152M	-307M	1.56B
Net Debt Issued / Repaid	1.04B	2.42B	3.48B	-2.18B	-1.15B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.36	2.41	2.34	6.89	6.55
Return on Total Capital	3.3	3.17	2.9	8.68	8.37
Return On Equity %	4.09	2.63	6.13	17.08	18.75
Return on Common Equity	4.01	2.53	6.12	16.87	18.7
Margin Analysis
Gross Profit Margin %	38.63	40.4	36.96	40.13	40.22
SG&A Margin	4.78	3.43	4.97	2.57	2.8
EBITDA Margin %	25.58	32.51	24.43	33.43	33.04
EBITA Margin %	24.38	31.02	23.45	32.99	32.64
EBIT Margin %	24.38	31.02	23.45	32.99	32.64
Income From Continuing Operations Margin %	10.34	7.73	12.69	17.26	23.95
Net Income Margin %	9.99	7.37	12.57	16.88	23.62
Net Avail. For Common Margin %	9.99	7.37	12.57	16.88	23.62
Normalized Net Income Margin