Key Quantitative Figures

Standalone Financial Results (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹6,938.32 lakhs (vs ₹3,784.69 lakhs YoY)
  • Total income: ₹6,944.17 lakhs (vs ₹3,813.51 lakhs YoY)
  • Profit before tax: ₹1,324.93 lakhs (vs ₹584.14 lakhs YoY)
  • Profit for the period: ₹1,044.70 lakhs (vs ₹520.48 lakhs YoY)
  • Basic EPS: ₹5.33 (vs ₹2.66 YoY)

Standalone Financial Results (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹12,764.21 lakhs (vs ₹8,338.89 lakhs YoY)
  • Total income: ₹12,819.45 lakhs (vs ₹8,380.89 lakhs YoY)
  • Profit before tax: ₹2,480.36 lakhs (vs ₹1,603.89 lakhs YoY)
  • Profit for the period: ₹1,905.84 lakhs (vs ₹1,200.45 lakhs YoY)
  • Basic EPS: ₹9.73 (vs ₹6.13 YoY)

Consolidated Financial Results (Q2 FY27):

  • Profit for the period: ₹1,045.78 lakhs
  • Basic EPS: ₹5.34

Consolidated Financial Results (H1 FY27):

  • Profit for the period: ₹1,903.85 lakhs
  • Basic EPS: ₹9.72

Balance Sheet Position (Standalone as at September 30, 2026):

  • Total assets: ₹44,814.75 lakhs (vs ₹30,497.44 lakhs as at March 31, 2026)
  • Inventories: ₹14,539.75 lakhs
  • Trade receivables: ₹1,562.63 lakhs
  • Total equity: ₹17,580.46 lakhs
  • Current liabilities: ₹26,516.51 lakhs
  • Short-term borrowings: ₹2,400.19 lakhs

Dates of Action

  • Board meeting date: October 24, 2026 (11:30 AM to 12:30 PM)
  • Results approval date: October 24, 2026
  • Period ended: September 30, 2026
  • Trading window closure: Until October 26, 2026 (48 hours after results declaration)

Parties Involved

  • Statutory Auditors: FORDGMS & Co. (Chartered Accountants), Hiren J Maru (Partner)
  • Company Secretary & Compliance Officer: Mrs. Nishi Modi
  • Whole-time Director: Mahek Dinesh Modi
  • Subsidiary: Modi's Navnirman Foundation (wholly-owned, incorporated January 20, 2026)

Corporate Developments

  • The company migrated from SME Platform to Main Board of Stock Exchange effective November 14, 2025
  • Incorporated wholly-owned subsidiary Modi's Navnirman Foundation under section 8 of Companies Act, 2013 on January 20, 2026
  • Received Order from Ministry of Corporate Affairs approving Scheme of Merger/Amalgamation on October 16, 2025, effective April 1, 2025

Operational Details

  • Single reportable business segment: "Real Estate Business - Construction & Redevelopment"
  • Paid-up equity share capital: ₹1,959.12 lakhs (face value ₹10 per share)
  • Figures for Q2 FY26 are unaudited and not reviewed by auditors
  • Figures for Q2 FY26 are balancing figures between H1 FY26 and Q1 FY26

Auditor's Qualifications

  • Statutory auditors issued unmodified review opinion on both standalone and consolidated results
  • No review or audit performed for corresponding quarter ended September 30, 2025
  • Review provides moderate assurance, substantially less in scope than audit

Cash Flow Analysis (Standalone H1 FY27)

  • Net cash used in operating activities: ₹(1,649.03) lakhs
  • Net cash from investing activities: ₹105.59 lakhs
  • Net cash from financing activities: ₹1,708.52 lakhs
  • Net increase in cash: ₹165.08 lakhs
  • Cash and cash equivalents at end: ₹650.39 lakhs