Modis Navnirman Q2 FY27: Revenue ₹69.38 Cr, PAT ₹10.54 Cr, Up QoQ
Modis Navnirman reported Q2 FY27 revenue of ₹69.38 crore and PAT of ₹10.54 crore, up quarter-on-quarter. H1 FY27 revenue grew 53% YoY to ₹127.64 crore, with PAT up 59% YoY to ₹19.08 crore. Sales reached ₹202 crore in H1 FY27. The company has a project pipeline of 29.83 lakh sq ft and expects ~₹200 crore revenue from H2 completions.
The announcement details significant financial growth and a robust future project pipeline, which are material events for investors and indicate positive business momentum.
The company reported strong year-on-year and quarter-on-quarter growth in revenue, EBITDA, and PAT, along with improved margins and sales performance. The outlook for the upcoming quarter and future projects is also positive.
Modis Navnirman Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported revenue from operations of ₹69.38 crore for Q2 FY27, an increase from ₹58.26 crore in Q1 FY27. Total income for the quarter stood at ₹69.54 crore.
EBITDA saw a significant quarter-on-quarter increase of 25%, reaching ₹14.5 crore compared to ₹11.63 crore in the previous quarter. EBITDA margins, including other income, improved to 20.96% from 20.00%. Profit after tax (PAT) grew to ₹10.54 crore from ₹8.54 crore in Q1 FY27, with PAT margins improving to 15.16% from 14.54%. Basic earnings per share also saw an increase.
On a year-on-year basis for H1 FY27, revenue from operations grew by 53% to ₹127.64 crore from ₹83.39 crore in H1 FY26. EBITDA increased by 63% to ₹26.19 crore from ₹16.05 crore, and profit after tax rose to ₹19.08 crore from ₹12 crore.
The company sold approximately 78,560 square feet during H1 FY27, with a sales value reaching ₹202 crore and an improved per square foot realization of ₹25,724. As of September 30, 2026, ongoing projects had a sales book of approximately ₹202 crore, with an estimated ₹505 crore potential value from unsold units, totaling around ₹661 crore in revenue visibility from current projects.
Modis Navnirman's project portfolio includes 25 residential-cum-commercial projects across Mumbai and adjoining regions. 14 projects are completed (7.22 lakh sq ft), 6 are ongoing (12.11 lakh sq ft), and 5 upcoming projects comprise approximately 10.5 lakh sq ft.
The company emphasizes a redevelopment-focused approach, partnering with housing societies, which keeps them asset-light and allows resources to be directed towards construction and timely delivery. Key micro-markets include Kandivali, Borivali, Malad, Goregaon, Dahisar, and Khar.
Looking ahead, the company expects a strong Q3 FY27 due to festive season traction. They are targeting completion of major projects by March 31st, 2027, with an expected revenue contribution of approximately ₹200 crore from projects scheduled for H2 completion. The company aims to maintain healthy EBITDA margins, expecting them to improve, and plans to launch Rashmi Paradise on October 30th, 2026, with expected realizations of ₹27,000 to ₹30,000 per square foot.
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Modis Navnirman Limited filed this with the NSE as a statutory disclosure, categorised under quarterly 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.