Financial Performance (Consolidated)
Revenue from Operations: ₹58.26 crore in Q1 FY27, increased by 27.92% year-on-year from ₹45.54 crore in Q1 FY26 and increased by 13.15% quarter-on-quarter from ₹51.49 crore in Q4 FY26.
EBITDA: ₹11.65 crore in Q1 FY27, increased by 14.25% year-on-year from ₹10.20 crore in Q1 FY26 and increased by 54.13% quarter-on-quarter from ₹7.56 crore in Q4 FY26.
EBITDA Margin: 19.83% in Q1 FY27, decreased from 22.33% in Q1 FY26 and increased from 13.93% in Q4 FY26.
Profit Before Tax (PBT): ₹11.52 crore in Q1 FY27, increased by 13.10% year-on-year from ₹10.19 crore in Q1 FY26 and increased by 95.47% quarter-on-quarter from ₹5.90 crore in Q4 FY26.
Profit After Tax (PAT): ₹8.54 crore in Q1 FY27, increased by 25.81% year-on-year from ₹6.79 crore in Q1 FY26 and increased by 92.04% quarter-on-quarter from ₹4.45 crore in Q4 FY26.
PAT Margin: 14.54% in Q1 FY27, decreased from 14.87% in Q1 FY26 and increased from 8.20% in Q4 FY26.
Basic EPS: ₹4.36 in Q1 FY27, increased from ₹3.47 in Q1 FY26 and from ₹2.25 in Q4 FY26.
Operational Highlights
Area Sold: 44,000 sq. ft. in Q1 FY27, representing a 780% year-on-year increase.
Project Portfolio: The company secured one new redevelopment project during the quarter, expanding its upcoming pipeline to 5 projects totaling 10.50 lakh sq. ft. The company has 6 ongoing projects (12.11 lakh sq. ft.) and 14 completed projects (7.22 lakh sq. ft.), totaling 25 premium residential projects across Mumbai and adjoining regions.
Construction Progress: Steady progress across all six ongoing projects:
- Rashmi Square: 22nd slab completed
- Rashmi Signature: 20th slab completed
- Rashmi Delight: 14th slab completed
- Rashmi Manorath: 13th slab completed
- Rashmi Icon: Plinth stage
- Rashmi Avenue: Plinth stage
Management Commentary
Mr. Mahek Dinesh Modi, Whole time Director & CFO, attributed the strong performance to "disciplined execution, operational efficiency, and the strength of the Company's redevelopment-led business model." He noted that the new project acquisition reflects "strong business momentum and reinforces confidence in its long-term growth trajectory." The company remains focused on "accelerating project execution, selectively expanding our redevelopment portfolio, maintaining financial discipline, and delivering sustainable value for all stakeholders."
Company Background
Modis Navnirman Limited is described as "one of Mumbai's emerging premium real estate developers" and "among the fastest growing & promising player in the redevelopment real estate in Mumbai." The company was founded by Mr. Dinesh C. Modi in 2009 and focuses on premium residential projects in Mumbai and adjoining regions.
Note on Forward-Looking Statements
The document contains a standard disclaimer noting that certain statements are forward-looking and subject to risks and uncertainties including regulatory changes, economic developments, and other factors that could cause actual results to differ materially.