Modis Navnirman Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Modis Navnirman reported Q1 FY27 revenue from operations of INR58.26 crores, up 27.92% year-on-year, with EBITDA of INR11.65 crores and profit after tax of INR8.54 crores. Management said EBITDA margin declined from 22.3% to nearly 19.8% due to cost pressures related to the war situation earlier in the quarter, which it said has since stabilized. The company added one new project during the quarter and discussed the status of its six ongoing, five upcoming and 14 completed projects across Mumbai.
Modis Navnirman reported FY26 revenue growth of nearly 84% year-on-year to INR189 crores, with EBITDA up 35% to INR38.46 crores and profit after tax up 26% to INR29.14 crores. Management attributed the growth to strong execution and sales momentum across projects including Rashmi Square, Signature, Delight, Manorath, Celestia and Vasudev, and noted margin moderation due to project mix and rising construction costs. The company also discussed handover of two completed projects, new project acquisitions, and its continued debt-free capital structure.