Integrated Filing — IndAS

General information about company
Scrip Code	544008
NSE Symbol	MAXESTATES
MSEI Symbol	NOTLISTED
ISIN	INE03EI01018
Name of company	MAX ESTATES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	13-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Real Estate
Start date and time of board meeting	22-May-2025   17:00:00
End date and time of board meeting	22-May-2025   21:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	397835000	1604876000
	Other income	375204000	891850000
	Total income	773039000	2496726000
2	Expenses
(a)	Cost of materials consumed	0	26775000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	18675000
(d)	Employee benefit expense	56496000	176318000
(e)	Finance costs	165459000	618676000
(f)	Depreciation, depletion and amortisation expense	87573000	340966000
(f)	Other Expenses
1	Advertisement and Sales promotion expense	95592000	383935000
2	Facility and management services	72569000	264898000
3	Other expenses	82599000	290291000
	Total other expenses	250760000	939124000
	Total expenses	560288000	2120534000
3	Total profit before exceptional items and tax	212751000	376192000
4	Exceptional items	0	0
5	Total profit before tax	212751000	376192000
6	Tax expense
7	Current tax	73220000	220526000
8	Deferred tax	-397000	-108635000
9	Total tax expenses	72823000	111891000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	139928000	264301000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	139928000	264301000
17	Other comprehensive income net of taxes	1134000	288000
18	Total Comprehensive Income for the period	141062000	264589000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	173418000	408100000
	Total profit or loss, attributable to non-controlling interests	-33490000	-33490000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	174552000	408388000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-33490000	-143799000
21	Details of equity share capital
	Paid-up equity share capital	1610010000	1610010000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		20799200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.9	1.7
	Diluted earnings (loss) per share from continuing operations	0.9	1.7
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.9	1.7
	Diluted earnings (loss) per share from continuing and discontinued operations	0.9	1.7
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	61208000
	Capital work-in-progress	0
	Investment property	20284288000
	Goodwill	0
	Other intangible assets	28310000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	51173000
	Trade receivables, non-current	37251000
	Loans, non-current	0
	Other non-current financial assets	2490449000
	Total non-current financial assets	2578873000
	Deferred tax assets (net)	881864000
	Other non-current assets	6444516000
	Total non-current assets	30279059000
2	Current assets
	Inventories	22850037000
	Current financial asset
	Current investments	5820114000
	Trade receivables, current	145025000
	Cash and cash equivalents	2290199000
	Bank balance other than cash and cash equivalents	8543377000
	Loans, current	0
	Other current financial assets	1637126000
	Total current financial assets	18435841000
	Current tax assets (net)	0
	Other current assets	895605000
	Total current assets	42181483000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	72460542000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1610001000
	Other equity	21174665000
	Total equity attributable to owners of parent	22784666000
	Non controlling interest	3824748000
	Total equity	26609414000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	14696634000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	8437564000
	Total Trade payable	8437564000
	Other non-current financial liabilities	1441235000
	Total non-current financial liabilities	24575433000
	Provisions, non-current	38363000
	Deferred tax liabilities (net)	165725000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	24779521000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1450629000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	33032000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	4498120000
	Total Trade payable	4531152000
	Other current financial liabilities	386546000
	Total current financial liabilities	6368327000
	Other current liabilities	14652284000
	Provisions, current	49759000
	Current tax liabilities (Net)	1237000
	Deferred government grants, Current	0
	Total current liabilities	21071607000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	45851128000
	Total equity and liabilites	72460542000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement loss of defined benefit plans	1515000	385000
	Total Amount of items that will not be reclassified to profit and loss	1515000	385000
2	Income tax relating to items that will not be reclassified to profit or loss	381000	97000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	1134000	288000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			376192000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			570059000
	Adjustments for decrease (increase) in inventories			-17141531000
	Adjustments for decrease (increase) in trade receivables, current			-64881000
	Adjustments for decrease (increase) in trade receivables, non-current			28732000
	Adjustments for decrease (increase) in other current assets			-1395809000
	Adjustments for decrease (increase) in other non-current assets			-1809570000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			4102542000
	Adjustments for increase (decrease) in trade payables, non-current			8799103000
	Adjustments for increase (decrease) in other current liabilities			9976955000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			340966000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			655682000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-83388000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-74297000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2593199000
	Net cash flows from (used in) operations			2969391000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			719341000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2250050000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			2668000
	Purchase of property, plant and equipment			6772019000
	Proceeds from sales of investment property			13393866000
	Purchase of investment property			18127873000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			515403000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-8942818000
	Net cash flows from (used in) investing activities	-19930773000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			7999999000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			9426000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			10623086000
	Repayments of borrowings			4306083000
	Payments of lease liabilities			109856000
	Dividends paid			0
	Interest paid			633760000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			4080748000
	Net cash flows from (used in) financing activities			17663560000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-17163000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-17163000
	Cash and cash equivalents cash flow statement at beginning of period			2307362000
	Cash and cash equivalents cash flow statement at end of period			2290199000