Modis Navnirman Reports Strong Q1 FY27 Results; Revenue Grows 27.9% YoY and PAT Jumps
Mumbai, August 07, 2026: Real estate developer Modis Navnirman Limited has announced its unaudited consolidated financial results for the first quarter of fiscal year (FY) 2026-27, ending June 30, 2026. The company reported robust operational and financial performance across key metrics in Q1 FY27.The consolidated financial highlights for Modis Navnirman Limited are detailed below:
| Particulars (% Cr.) | Q1 FY27 | Q1 FY26 | Yoy Growth | Q4 FY26 | QeQ |
|---|---|---|---|---|---|
| Revenue from Operations | 58.26 | 45.54 | 27.92% | 51.49 | 13.15% |
| EBITDA | 1165 | 1020 | 14.25% | 7.56 | 54.13% |
| EBITDA Margin (%) | 19.83% | 22.33% | - | 13.93% | |
| Profit Before Tax | 11.52 | 10.19 | 13.10% | 5.90 | 95.47% |
| Profit After Tax (PAT) | 8.54 | 6.79 | 2581% | 4.45 | 92.04% |
| PAT Margin (%) | 14.54% | 14.87% | - | 8.20% | |
| Basic EPS | 436 | 3.47 | - | 225 |
Operational and Project Momentum
In Q1 FY27, revenue from operations grew by 27.92% year-on-year (YoY) to 58.26 crore, up from 45.54 crore in Q1 FY26. The company’s EBITDA increased by 14.25% YoY to 11.65 crore, showing a sequential increase of 54.13% over Q4 FY26.Profit After Tax (PAT) saw a significant rise of 2581% year-on-year to 8.54 crore, compared to 6.79 crore in Q1 FY26. Basic EPS stood at 4.36 versus 3.47 in the previous year's quarter.
Operationally, Area Sold surged by 780% YoY, reaching 44,000 sq. ft. in Q1 FY27. The company successfully secured a new redevelopment project during the quarter.
The current portfolio stands at 6 ongoing projects (totaling 12.11 lakh sq. ft.), 14 completed projects (7.22 lakh sq. ft.), and 5 upcoming projects, bringing the total portfolio to 25 premium residential projects across Mumbai and adjoining regions. Construction progress was noted steadily across all six ongoing projects, including Rashmi Square (22nd slab), Rashmi Signature (20th slab), Rashmi Delight (14th slab), Rashmi Manorath (13th slab), and the plinth stage of Rashmi Icon and Rashmi Avenue.
Management Perspective
Mr. Mahek Dinesh Modi, Whole Time Director & CFO at Modis Navnirman Limited, commented on the results, stating that the company delivered a strong performance in Q1 FY27. He attributed this success to disciplined execution, operational efficiency, and the strength of the redevelopment-led business model, noting revenue growth of 27.9% to 58.26 crore and PAT increase by 25.8% to 8.54 crore.The successful acquisition of a new redevelopment project was highlighted as an important milestone for the company, reinforcing its strong business momentum. The strengthened project pipeline provides enhanced revenue visibility and positions the company favorably for sustained value creation moving forward.
MODIS Stock Price Movement
On Friday, shares of Modis Navnirman Limited shed 5.27% in a downward move, settling at ₹392.40 per share. The equity traded on heavy volume with the stock having previously hit its 52-week high and reaching an intraday peak of ₹424.90 before closing significantly lower.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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