Modis Navnirman Posts Record FY26 Results: Revenue Up 84%, PAT Up 26%
Modis Navnirman reported record FY26 results with revenue up 84% to ₹189.31 crore and PAT up 26% to ₹29.14 crore. Q4 FY26 revenue surged 158% to ₹51.49 crore. The company completed two project handovers and adopted IND AS. Management highlighted strong execution and capital efficiency.
The announcement details record financial results, significant growth percentages, successful project completions, and strategic corporate actions that are likely to positively impact investor confidence and the company's market position.
The company reported record-breaking financial performance with significant year-on-year growth in revenue, profitability, and area sold, along with successful project deliveries and strategic corporate actions like merger and board migration.
Modis Navnirman Limited has announced its audited consolidated financial results for the quarter and full year ended March 31, 2026, reporting its highest-ever annual revenue, profitability, and project pipeline. For the full year FY26, the company achieved a record revenue of ₹189.31 crore, an increase of 84% compared to ₹102.91 crore in FY25. EBITDA grew by 35% to ₹38.46 crore from ₹28.47 crore in the previous year. Profit After Tax (PAT) saw a significant rise of 26%, reaching ₹29.14 crore in FY26, up from ₹23.11 crore in FY25. Area sold also increased by 23% year-on-year to 53,000 sq. ft. during FY26, indicating strong demand for ongoing projects in Mumbai's western suburbs. The company successfully handed over two projects, "Rashmi Vasudeo" (90 units) and "Rashmi Celestia" (81 units), during the year, reaffirming its commitment to timely delivery. In Q4 FY26, revenue surged by 158% year-on-year to ₹51.49 crore, with PAT rising by 193% to ₹4.45 crore. The company also completed the merger of Shree Modis Navnirman Pvt. Ltd. with Modis Navnirman Ltd. and migrated to the BSE & NSE Main Boards. For the first time, the company adopted Indian Accounting Standards (IND AS) in FY26, enhancing financial reporting transparency. Mr. Mahek Dinesh Modi, Whole time Director & CFO, highlighted the strong financial performance and the strategic importance of the IND AS transition for comparability and credibility with institutional investors. He also emphasized the capital efficiency of their redevelopment-led model and the disciplined management of project timelines and cash conversion. Looking ahead, the company's financial priorities include maintaining healthy operating cash flows, prudent working capital management, and ensuring commensurate returns on capital deployment.
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Modis Navnirman Limited filed this with the NSE as a statutory disclosure, categorised under annual results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Modis Navnirman Limited. Read the original for the full detail.