Modis Navnirman FY26 Revenue Jumps 84%

Modis Navnirman reported FY26 revenue growth of 84% to ₹189 crore and PAT growth of 26% to ₹29.14 crore, driven by strong project execution.
The company successfully completed and handed over two major projects (Rashmi Vasudev and Rashmi Celestia) and migrated from BSE SME to the Main Boards.
Management highlighted a robust pipeline of 12.5 lakh sq ft under construction and 9 lakh sq ft upcoming, while maintaining a debt-free balance sheet.
During the Q&A, executives discussed margin pressures from raw material costs, strong sales traction, and expansion plans into premium Mumbai locations.