Max Heights Infrastructure quarterly results and financials

Max Heights Infrastructure (BSE 534338)₹11.60+5.26%(9 Nov 2026 close)Residential, Commercial Projects

Key facts

In the Mar 2026 quarter (standalone), Max Heights Infrastructure reported sales of ₹1.36 Cr, up 21.4% from Mar 2025, and net profit of −₹0.35 Cr. For the year to Mar 2026, sales were ₹8.29 Cr and net profit ₹0.97 Cr.

Sales (Mar 2026): ₹1.36 Cr
Net profit (Mar 2026): −₹0.35 Cr
Sales (FY Mar 2026): ₹8.29 Cr
Net profit (FY Mar 2026): ₹0.97 Cr
EPS (Mar 2026): ₹−0.22
Borrowings (Mar 2026): ₹3.66 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Max Heights Infrastructure quarterly results

₹ crore unless stated; each column is a quarter.

Max Heights Infrastructure Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3.95	10.11	0.72	7.49	0.19	3.13	0.18	1.12	2.65	4.14	0.15	1.36
Expenses	4.46	9.25	0.76	7.47	0.15	3.16	0.14	1.20	2.74	2.64	0.15	1.27
Operating Profit	−0.49	0.85	−0.03	0.02	0.03	−0.02	0.03	−0.07	−0.08	1.49	0.00	0.08
OPM %	−12.8%	8.5%	−5.7%	0.4%	22.2%	−1.0%	23.5%	−7.2%	−3.4%	36.3%	0.0%	6.6%
Other Income	0.00	0.00	0.02	0.65	0.00	0.00	0.02	0.00	0.01	0.00	0.16	0.02
Interest	0.12	0.14	0.02	0.07	0.00	0.00	0.03	0.14	0.03	0.03	0.02	0.21
Depreciation	0.08	0.08	0.08	0.05	0.02	0.10	0.06	0.06	0.06	0.06	0.06	0.06
Profit before tax	−0.71	0.66	−0.12	0.58	0.03	−0.13	−0.03	−0.29	−0.17	1.42	0.10	−0.16
Tax %	0.0%	0.0%	0.0%	19.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	140.0%
Net Profit	−0.69	0.65	−0.10	0.45	0.01	−0.11	−0.01	−0.27	−0.15	1.40	0.08	−0.35
EPS (Rs)	−0.44	0.41	−0.06	0.28	0.00	−0.07	0.00	−0.17	−0.09	0.89	0.05	−0.22

Max Heights Infrastructure profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Max Heights Infrastructure Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	5.19	4.07	3.14	5.92	3.53	1.99	5.45	6.06	22.26	4.59	8.29	8.30
Expenses	4.22	3.22	2.26	4.63	2.73	1.46	4.12	4.85	21.95	4.62	6.80	6.80
Operating Profit	0.96	0.84	0.87	1.28	0.79	0.52	1.31	1.20	0.34	−0.02	1.49	1.49
OPM %	18.7%	20.9%	28.1%	21.9%	22.7%	26.7%	24.3%	20.0%	1.6%	−0.7%	18.1%	18.0%
Other Income	0.00	0.12	0.00	0.00	0.00	2.40	0.97	0.00	0.68	0.03	0.21	0.19
Interest	0.00	0.09	0.14	0.21	0.19	0.35	0.36	0.81	0.37	0.20	0.32	0.29
Depreciation	0.15	0.19	0.19	0.19	0.14	0.14	0.12	0.16	0.24	0.21	0.21	0.24
Profit before tax	0.83	0.69	0.56	0.90	0.48	2.46	1.83	0.25	0.44	−0.41	1.20	1.19
Tax %	30.5%	30.9%	20.0%	25.8%	23.4%	15.5%	13.7%	12.5%	25.5%	0.0%	17.7%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	2.01	1.01	0.00	0.00	0.00	0.00	—
Net Profit	0.56	0.46	0.43	0.65	0.35	2.05	1.56	0.20	0.30	−0.39	0.97	0.98
EPS (Rs)	0.36	0.29	0.27	0.41	0.22	1.31	1.00	0.12	0.19	−0.25	0.62	0.63
Dividend payout %	13.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Max Heights Infrastructure balance sheet

₹ crore, at each year end.

Max Heights Infrastructure Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	15.64	15.64	15.64	15.61	15.63	15.61	15.65	15.63	15.64	15.64	15.63	15.66
Reserves	10.79	11.27	11.74	12.18	12.84	13.26	15.37	16.95	17.16	17.48	17.08	18.06
Borrowings	1.69	2.66	2.93	1.65	6.34	9.79	11.60	8.57	9.44	1.31	6.99	3.66
Other Liabilities	0.99	0.68	0.64	0.40	1.25	0.36	0.73	1.44	2.14	1.20	0.12	0.24
Total Liabilities	29.11	30.25	30.95	29.84	36.06	39.02	43.35	42.59	44.38	35.63	39.82	37.62
Fixed Assets	0.50	0.86	0.67	0.49	0.93	0.79	0.45	0.34	1.51	1.28	1.07	0.87
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.89	4.89	4.99	4.99	4.99	4.99	3.48	1.10	1.10	1.09	1.14	0.20
Other Assets	25.72	24.50	25.29	24.36	30.14	33.24	39.42	41.15	41.77	33.26	37.61	36.55
Inventories	17.81	15.88	16.43	16.14	20.78	26.21	34.47	39.01	36.57	18.82	23.08	18.33
Trade receivables	0.12	0.12	0.13	0.22	0.18	0.22	0.22	0.22	0.04	0.04	0.04	0.00
Cash & equivalents	0.10	1.45	1.21	0.09	1.27	0.17	0.95	0.25	0.97	0.87	0.11	2.60
Total Assets	29.11	30.25	30.95	29.84	36.06	39.02	43.35	42.59	44.38	35.63	39.82	37.62

Max Heights Infrastructure cash flow

₹ crore, for each year.

Max Heights Infrastructure Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.61	2.35	−0.85	−0.43	−3.35	−4.81	−5.20	−0.79	1.91	8.01	−6.87	4.41
Cash from investing activity	0.26	−1.79	0.44	0.70	0.10	0.50	4.50	3.47	−1.24	0.34	0.67	1.72
Cash from financing activity	0.30	0.76	0.15	−1.38	4.42	3.21	1.48	−3.36	0.04	−8.46	5.44	−3.65
Net cash flow	−0.03	1.32	−0.23	−1.10	1.16	−1.09	0.78	−0.69	0.70	−0.09	−0.75	2.49
Capex	0.00	0.49	0.00	0.00	0.61	0.00	0.00	0.00	1.31	0.00	0.04	0.00
Free cash flow	−0.58	1.85	−0.85	−0.43	−3.96	−4.82	−1.07	2.55	0.59	8.08	−6.93	5.53
CFO / OP %	−39.0%	270.0%	−75.1%	−35.0%	−243.0%	−590.0%	−909.0%	−42.0%	160.0%	2,329.0%	22,967.0%	308.0%

Max Heights Infrastructure ratios

Working-capital days and returns, by year.

Max Heights Infrastructure Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	9	8	11	24	11	22	39	14	2	0	2	0
Inventory days	2,251	1,720	—	—	—	—	—	4,035	3,375	328	2,173	1,102
Days payable	0	8	—	—	—	—	—	13	6	0	0	0
Cash conversion cycle	2,259	1,719	11	24	11	22	39	4,034	3,370	327	2,175	1,101
Working capital days	1,938	1,559	1,925	2,633	1,599	3,105	6,931	2,634	2,302	504	2,941	1,478
ROCE %	3.4%	2.9%	2.6%	2.3%	3.4%	1.8%	1.0%	2.9%	2.5%	2.0%	−0.5%	3.9%

Max Heights Infrastructure: frequently asked questions

What are the latest quarterly results of Max Heights Infrastructure?

For the Mar 2026 quarter, Max Heights Infrastructure reported sales of ₹1.36 Cr, up 21.4% year on year and net profit of −₹0.35 Cr. The operating margin was 6.6%.

What is the annual revenue of Max Heights Infrastructure?

Max Heights Infrastructure's sales for the year to Mar 2026 were ₹8.29 Cr; over the last twelve months they were ₹8.30 Cr.

What is the net profit of Max Heights Infrastructure?

Net profit for the year to Mar 2026 was ₹0.97 Cr, and ₹0.98 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.63.

How much debt does Max Heights Infrastructure have?

Max Heights Infrastructure reported borrowings of ₹3.66 Cr at Mar 2026, against cash and equivalents of ₹2.60 Cr.

What is the free cash flow of Max Heights Infrastructure?

Cash from operations was ₹4.41 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5.53 Cr.

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