Key Financial Performance - H1 FY27 (Consolidated)

Revenue from Operations: ₹127.64 crore, up 53.06% YoY from ₹83.39 crore in H1 FY26

EBITDA: ₹26.19 crore, up 63.17% YoY from ₹16.05 crore in H1 FY26

EBITDA Margin: 20.52%, expanded by 127 basis points from 19.25% in H1 FY26

Profit Before Tax: ₹24.78 crore, up 55% YoY from ₹16.04 crore in H1 FY26

Profit After Tax (PAT): ₹19.08 crore, up 59% YoY from ₹12.00 crore in H1 FY26

PAT Margin: 14.87%, improved from 14.32% in H1 FY26

Basic Earnings Per Share (EPS): ₹9.72, up from ₹6.13 in H1 FY26

Key Financial Performance - Q2 FY27 (Consolidated)

Revenue from Operations: ₹69.38 crore, up 19.08% sequentially from ₹58.26 crore in Q1 FY27

EBITDA: ₹14.54 crore, up 24.80% sequentially from ₹11.65 crore in Q1 FY27

EBITDA Margin: 20.96%, improved from 19.83% in Q1 FY27

Profit Before Tax: ₹13.26 crore, up 15.10% sequentially from ₹11.52 crore in Q1 FY27

Profit After Tax (PAT): ₹10.54 crore, up 23.41% sequentially from ₹8.54 crore in Q1 FY27

PAT Margin: 15.16%, improved from 14.54% in Q1 FY27

Basic Earnings Per Share (EPS): ₹5.34

Operational Highlights

Sales Performance: Sold 78,560 sq. ft. in H1 FY27, with Q2 contributing 34,560 sq. ft. (almost double the same quarter last year)

Project Pipeline: Secured a new redevelopment project during the period, expanding upcoming pipeline to 5 projects totaling 10.50 lakh sq. ft.

Total Development Portfolio: 22.61 lakh sq. ft. of development in progress or in pipeline (6 ongoing projects + 5 upcoming projects)

Completed Projects: 7.22 lakh sq. ft. already delivered

Total Portfolio: 25 premium residential projects across Mumbai and adjoining regions

Management Commentary

Mr. Dinesh Modi, Chairman & Managing Director, commented on the results:

  • The performance demonstrates the redevelopment-led model's potential when execution and demand align
  • Homebuyers' confidence in the Modis brand and quality of homes is reflected in the sales growth
  • EBITDA and PAT grew faster than revenue, indicating operating discipline in site management
  • Redevelopment is central to Mumbai's renewal, and the company intends to shape this story by adding projects selectively
  • Focus on executing with quality and creating value for shareholders, customers, and societies

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ materially from those contemplated. Past performance is not necessarily indicative of future results.