Modi Rubber LimitedQ1 FY27 Results & Financial Update
Modi Rubber Limited: Q1 FY27 consolidated results and company financials – revenue ₹7.81 Cr, PAT ₹4.25 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Modi Rubber price & chart
Quarter overview
Quarterly earnings analysis
Modi Rubber Limited reported consolidated total income of INR 13.4008 crore for the quarter ended June 30, 2026, supported by gross operating revenue of INR 7.8144 crore and substantial other income of INR 5.5864 crore.
At the consolidated level, the group posted a profit before tax (PBT) of INR 4.5398 crore and a net profit after tax (PAT) of INR 4.2467 crore, resulting in a basic and diluted earnings per share of INR 1.70 for the quarter.
The profitability of the consolidated entity was significantly reinforced by the group's share in the net profits of joint ventures and associates, which contributed INR 5.2007 crore to the quarter's pre-tax income.
Standalone operations continued to experience headwinds, registering a standalone net loss of INR 2.8872 crore on total standalone income of INR 0.5041 crore, reflecting ongoing operating cost pressures and limited core manufacturing activity at the parent level.
Total consolidated expenses for the quarter stood at INR 14.0616 crore, comprising employee benefits expense of INR 4.8190 crore, finance costs of INR 0.4591 crore, depreciation and amortisation of INR 0.9008 crore, and other operating expenses of INR 7.8827 crore.
Segment reporting indicates that travel services remained a key positive contributor with segment results of INR 1.3620 crore, whereas real estate services recorded a segment loss of INR 2.6492 crore before unallocable items.
The statutory auditors, P N A M & Co. LLP, issued an unmodified review report on both the standalone and consolidated financial statements for the quarter ended June 30, 2026.
01 · Business model
What does Modi Rubber do?
Modi Rubber Limited operates as a diversified corporate entity with activities spanning real estate services, travel services, and strategic investments in joint ventures and associate companies.
The company's consolidated revenue architecture is driven primarily by its travel services division alongside rental and other operating revenues generated from real estate activities.
Beyond direct operating divisions, Modi Rubber holds significant economic interests in joint venture entities such as Gujarat Guardian Limited, Modi Marco Aldany Private Limited, and Asahi Modi Materials Private Limited, whose financial performance contributes substantially to the group's consolidated net results through share of profits.
The group maintains its registered office in Modinagar, Uttar Pradesh, and functions under the governance framework set out for listed entities on Indian stock exchanges.
02 · Historical context
What shaped the business before this quarter
In compliance with directions issued by the Board for Industrial and Financial Reconstruction (BIFR) vide its order dated February 23, 2010, the unimplemented portion of SS-08 continues to be under implementation by the company.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹7.81 Cr |
| Total income | ₹13.40 Cr |
| Profit before tax | ₹4.54 Cr |
| Profit after tax | ₹4.25 Cr |
| EPS | ₹1.70 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 54.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 58.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹5.59 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Travel services generated gross revenue of INR 6.7291 crore for the quarter, forming the largest operational top-line component of the consolidated group.
Real estate services contributed other operating revenue of INR 1.2203 crore during the quarter ended June 30, 2026.
Consolidated other income rose to INR 5.5864 crore, bolstering overall financial receipts for the period.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Reported segment revenue of INR 6.7291 crore and positive segment results of INR 1.3620 crore.
Reported segment revenue of INR 1.2203 crore and a segment loss of INR 2.6492 crore.
Total consolidated assets stood at INR 79.9140 crore, led by real estate assets of INR 62.5728 crore and travel services assets of INR 7.1077 crore.
06 · Reported developments
What changed operationally
The company recorded a consolidated net profit after tax of INR 4.2467 crore for Q1 FY27, supported by joint venture contributions.
Statutory auditors issued an unmodified review report on the unaudited financial results for the quarter.
07 · Pressure points & risks
What is not going smoothly
The parent company on a standalone basis incurred a net loss of INR 2.8872 crore for the quarter ended June 30, 2026.
08 · Beyond the numbers
What changed beyond the numbers
Subsidiary and JV Network
The consolidated financial statements include four subsidiary companies, three joint ventures (including Gujarat Guardian Limited), and one associate company.
09 · Key Q&A
The quarter, answered directly
What does Modi Rubber do?
Modi Rubber Limited operates as a diversified corporate entity with activities spanning real estate services, travel services, and strategic investments in joint ventures and associate companies.
What is the clearest takeaway from Q1 FY27?
Modi Rubber Limited reported consolidated total income of INR 13.4008 crore for the quarter ended June 30, 2026, supported by gross operating revenue of INR 7.8144 crore and substantial other income of INR 5.5864 crore.
What drove revenue or demand?
Travel services generated gross revenue of INR 6.7291 crore for the quarter, forming the largest operational top-line component of the consolidated group.
What changed operationally beyond the headline numbers?
The consolidated financial statements include four subsidiary companies, three joint ventures (including Gujarat Guardian Limited), and one associate company.
What are the main pressure points disclosed for the quarter?
The parent company on a standalone basis incurred a net loss of INR 2.8872 crore for the quarter ended June 30, 2026.
What should the next disclosure help confirm?
Monitor ongoing earnings contributions from joint ventures and associates in subsequent quarters.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Joint Venture Performance: Monitor ongoing earnings contributions from joint ventures and associates in subsequent quarters.
- 02
Standalone Turnaround: Track operational progress in reducing standalone net losses at the parent company level.
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