Modis Navnirman LimitedQuarter Ended June 30, 2026 Results & Financial Update
Modis Navnirman Limited: Quarter Ended June 30, 2026 consolidated results and company financials – revenue ₹58.75 Cr, PAT ₹8.58 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Modis Navnirman Quarter Ended June 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Modis Navnirman Limited reported consolidated total income from operations of INR 58.75 crore for the quarter ended June 30, 2026, accompanied by a profit after tax of INR 8.58 crore.
Operational momentum during the quarter was underscored by a significant acceleration in sales volume, with total area sold reaching 44,000 square feet, reflecting strong end-user demand for the company's residential offerings.
The company expanded its development footprint by securing a new redevelopment project during the period, bringing its upcoming pipeline to five projects aggregating 10.50 lakh square feet.
Construction activity proceeded without interruption across the company's active portfolio, which includes six ongoing projects totaling 12.11 lakh square feet alongside fourteen completed developments.
Management attributed the quarter's financial outcomes to disciplined project execution, operational efficiencies, and the inherent scalability of the redevelopment-led business model.
The steady progression of structural milestones across major sites reinforces management's focus on maintaining delivery schedules while scaling up the active project pipeline.
01 · Business model
What does Modis Navnirman do?
Modis Navnirman Limited operates as a real estate developer focused primarily on residential redevelopment projects within Mumbai and its surrounding regional markets.
The company generates its primary revenues from the execution and monetization of housing redevelopment schemes, converting older properties into modern residential complexes.
Founded in 2009, Modis Navnirman has built a multi-project portfolio spanning completed developments, ongoing construction sites, and an active upcoming pipeline.
The economic model relies on capturing urban redevelopment opportunities in high-density metropolitan micro-markets through disciplined execution and timely asset delivery.
02 · Historical context
What shaped the business before this quarter
Established in 2009 under the leadership of Mr. Dinesh C. Modi, the business evolved into an active player in Mumbai's residential redevelopment sector.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Quarter Ended June 30, 2026 |
|---|---|
| Revenue from operations | ₹58.75 Cr |
| Total income | ₹58.75 Cr |
| Profit before tax | ₹11.52 Cr |
| Profit after tax | ₹8.58 Cr |
| EPS | ₹4.36 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 14.6% 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 19.6% 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.
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
Area sold surged to 44,000 sq. ft. in Q1 FY27, serving as the primary driver for operational revenue expansion during the quarter.
Revenue recognition was supported by steady construction progress and milestone achievements across active residential redevelopment projects.
What drove margins
Management noted that disciplined execution and cost control helped sustain healthy profitability margins alongside top-line expansion.
Profitability reflected the realization mix from premium residential redevelopment projects under active construction.
05 · Demand, customers & order book
Where demand is coming from
The quarter recorded sales of 44,000 sq. ft., demonstrating robust off-take for premium residential units.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single primary business segment focused on real estate development and related services.
Geography and market mix
All active projects, upcoming pipelines, and completed developments are concentrated across Mumbai and adjoining regional markets.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Construction advanced steadily across all six ongoing sites, marked by structural milestones such as Rashmi Square reaching the 22nd slab and Rashmi Signature completing its 20th slab.
Ongoing construction covered 6 projects aggregating 12.11 lakh sq. ft., supported by 14 completed projects spanning 7.22 lakh sq. ft.
Projects, capex and execution
Secured one new redevelopment project during the quarter, expanding the upcoming pipeline to 5 projects representing 10.50 lakh sq. ft.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company continues to pursue a growth strategy centered on acquiring urban redevelopment mandates and scaling its premium residential footprint in Mumbai.
09 · Reported developments
What changed operationally
Successfully secured a new redevelopment project during Q1 FY27, enhancing future revenue visibility.
Achieved significant structural milestones across key ongoing projects including Rashmi Delight (14th slab), Rashmi Manorath (13th slab), and plinth work at Rashmi Icon and Rashmi Avenue.
10 · Management guidance & targets
What management is targeting from here
Management stated an ongoing focus on accelerating project execution, selectively expanding the redevelopment portfolio, and maintaining financial discipline.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Media Release Disclosures
The company issued a detailed press release alongside its financial results highlighting operational metrics, construction updates, and portfolio scale.
12 · Key Q&A
The quarter, answered directly
What does Modis Navnirman do?
Modis Navnirman Limited operates as a real estate developer focused primarily on residential redevelopment projects within Mumbai and its surrounding regional markets.
What is the clearest takeaway from Quarter Ended June 30, 2026?
Modis Navnirman Limited reported consolidated total income from operations of INR 58.75 crore for the quarter ended June 30, 2026, accompanied by a profit after tax of INR 8.58 crore.
What drove revenue or demand?
Area sold surged to 44,000 sq. ft. in Q1 FY27, serving as the primary driver for operational revenue expansion during the quarter.
What mattered most for margins or profitability?
Management noted that disciplined execution and cost control helped sustain healthy profitability margins alongside top-line expansion.
What changed operationally beyond the headline numbers?
Construction advanced steadily across all six ongoing sites, marked by structural milestones such as Rashmi Square reaching the 22nd slab and Rashmi Signature completing its 20th slab.
What is management guiding or targeting from here?
Management stated an ongoing focus on accelerating project execution, selectively expanding the redevelopment portfolio, and maintaining financial discipline.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Construction Milestone Execution: Monitor the continued structural progress and slab completion schedules across the six active ongoing projects.
- 02
Pipeline Conversion: Track the transition of upcoming redevelopment projects from the pipeline stage into active construction.
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