Q2 2025 Max India Ltd Earnings Call Transcript
Key Points
- Max India Ltd (BOM:543223) reported a strong quarter with a 48% sequential growth in revenue, driven by higher sales from new communities.
- The company successfully launched its first intergenerational community in Gurugram, with 75% of units sold within 65 days, indicating strong market demand.
- Antara Assisted Care Services expanded its capacity significantly by adding 234 beds, bringing the total to 300 operational beds.
- The company achieved a high customer satisfaction score, with 92% for care homes and 95% for care at home services.
- Max India Ltd (BOM:543223) is on track to meet its long-term goals, including developing 1.5 million square feet annually and expanding its care home capacity to 600 beds by March 2025.
- The company faced a temporary setback in its Noida Phase 2 project due to regulatory issues, causing delays in its launch.
- There was a slight reduction in occupancy rates at care homes, attributed to natural attrition and temporary factors.
- The Bangalore project faced delays due to financial closure issues with the landowner's lender, impacting the timeline.
- Finance costs increased due to new leases for corporate offices and care homes, affecting overall financial performance.
- Despite strong revenue growth, the company still reported a consolidated EBITDA loss of 15.7 crores, highlighting ongoing financial challenges.
Ladies and gentlemen, good day. And welcome to Max India Limited Q2 FY 2025 earnings conference call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. This statement are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be, will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call?
Should you need assistance during the conference call? (Operator Instruction). Please note that this conference is being recorded. I now hand the conference over to Mr Rajit Mehta, Managing Director and CEO. Thank you and over to you, sir.
Thank you very much.
I must say to everybody and good evening and welcome to this Q2 FY 2025 earnings call for the benefit of the people
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