Modis Navnirman Limited submitted its Investor Presentation for Q2 and H1 FY 2026-27 ended September 30, 2026 to the National Stock Exchange of India Limited and BSE Limited pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Performance H1 FY27

The company reported strong financial performance for H1 FY27:

  • Revenue from operations: ₹127.64 crore, up 53% YoY from ₹83.39 crore
  • EBITDA: ₹26.19 crore, up 63% YoY from ₹16.05 crore
  • PAT: ₹19.08 crore, up 59% YoY from ₹12.00 crore
  • Gross Profit Margin: 23.90% (vs 23.19% YoY)
  • EBITDA Margin: 20.52% (vs 19.25% YoY)
  • PAT Margin: 14.87% (vs 14.32% YoY)
  • Basic EPS: ₹9.72 (vs ₹6.13 YoY)

Q2 FY27 Financial Performance

  • Revenue from operations: ₹69.38 crore
  • Other income: ₹0.16 crore
  • Total income: ₹69.54 crore
  • Gross Profit: ₹16.64 crore (23.98% margin)
  • EBITDA: ₹14.54 crore (20.96% margin)
  • PAT: ₹10.54 crore (15.16% margin)
  • Basic EPS: ₹5.34

Operational Highlights

The company has delivered 7.22 lakh sq. ft. with 12.11 lakh sq. ft. under construction and 10.50 lakh sq. ft. upcoming across 25 premium residential projects in Mumbai and adjoining regions.

Project Portfolio Status (as of September 30, 2026)

Key development properties with completion status:

  • Rashmi Square: 80.11% complete, 0.82 lakh sq. ft. saleable area
  • Rashmi Signature: 61.70% complete, 1.43 lakh sq. ft. saleable area
  • Rashmi Delight: 55.09% complete, 0.45 lakh sq. ft. saleable area
  • Rashmi Manorath: 51.43% complete, 0.49 lakh sq. ft. saleable area
  • Rashmi Icon: 7.66% complete, 1.47 lakh sq. ft. saleable area
  • Rashmi Avenue: 8.85% complete, 1.33 lakh sq. ft. saleable area
  • Rashmi Celestia: 100% complete, 0.70 lakh sq. ft. saleable area
  • Rashmi Enclave: 100% complete, 0.36 lakh sq. ft. saleable area
  • Rashmi Jewel: 100% complete, 0.41 lakh sq. ft. saleable area

Sales Performance H1 FY27

Total sales volume of 78,560 sq. ft. across projects:

  • Rashmi Square: 13,646 sq. ft. (₹33.08 crore)
  • Rashmi Signature: 18,498 sq. ft. (₹51.76 crore)
  • Rashmi Delight: 5,076 sq. ft. (₹11.46 crore)
  • Rashmi Manorath: 3,548 sq. ft. (₹7.90 crore)
  • Rashmi Icon: 22,176 sq. ft. (₹60.28 crore)
  • Rashmi Avenue: 9,990 sq. ft. (₹23.26 crore)
  • Rashmi Celestia: 4,124 sq. ft. (₹11.04 crore)
  • Rashmi Jewel: 1,502 sq. ft. (₹3.31 crore)

Revenue Visibility

Project-wise revenue recognition in H1 FY27:

  • Rashmi Square: ₹36.59 crore
  • Rashmi Signature: ₹41.31 crore
  • Rashmi Delight: ₹13.83 crore
  • Rashmi Manorath: ₹7.52 crore
  • Rashmi Icon: ₹7.97 crore
  • Rashmi Avenue: ₹6.07 crore
  • Rashmi Celestia: ₹11.04 crore
  • Old Projects: ₹3.31 crore

Management Commentary

Management stated the strong performance reflects focus on operational efficiency, disciplined execution and progress of redevelopment-led business model. The company added a new redevelopment project to strengthen growth prospects and enhance development pipeline. Priorities remain centered on accelerating project execution, selectively expanding redevelopment portfolio and creating sustainable long-term value.

Business Overview

The company follows an asset-light, capital-efficient business model with focus on MHADA, SRA & Society Redevelopment. It has a strong track record in micro-markets like Malad, Kandivali, Borivali, Dahisar, Goregaon and Khar, delivering 14-23 storey residential towers.

Industry Context

The presentation included Indian real estate sector overview noting GDP growth of 7.8% in Q1 FY27, 8-9% real estate growth in 2026, GCC expansion driving office demand, and infrastructure budget push of ₹11.2 lakh crore creating new real estate corridors.