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MaxVIL Q3 revenue up 10 pc at Rs 296 crore ANI | Updated: Feb 13, 2021 12:51 IST
New Delhi [India], Feb 13 (ANI): Max Ventures and Industries Ltd (MaxVIL) has reported 10 per cent year-on-year jump in consolidated revenue at Rs 296 crore for the quarter ended December (Q3 FY21).
The subsidiary of leading multi-business conglomerate Max Group operates across two core businesses real estate in the NCR region and specialty packaging films.
Its revenue from lease rental income of Max Towers went up by 19 per cent in Q3 to Rs 5 crore. The revenue from packaging films business was up by 11 per cent to Rs 282 crore.
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) were up by 50 per cent to Rs 49 crore and profit before tax up by 348 per cent at Rs 25 crore.
Max Estates leases 80,000 sq ft to Cyril Amarchand Mangaldas at Noida Max Towers
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Max Estates recently started construction of its third commercial realty project in Noida to be built at a cost of Rs 400 crore, having New York Life Insurance Company as a financial partner.
NEW DELHI: Max Estates, a subsidiary of Max Group’s listed entity, Max Ventures & Industries Ltd. (MaxVIL), has leased close to 80,000 sq ft. at Max Towers, Noida to Cyril Amarchand Mangaldas (CAM), a leading legal firms.
The developer that operates Grade A assets in Noida and Delhi has also leased 7,300 sq. ft. to DBS.