MODIS NAVNIRMAN LTD

Modis Navnirman Limited held its earnings conference call on May 18, 2026, to discuss its financial results for the quarter and year ended March 31, 2026. Management reported a significant revenue growth of 84% year-on-year, reaching INR 189 crores, driven by strong project execution and sales momentum. EBITDA increased by 35% to INR 38.46 crores, while profit after tax rose by 26% to INR 29.14 crores. The company highlighted the successful completion of two projects, Rashmi Vasudev and Rashmi Celestia, which bolstered sales. Management noted ongoing projects and a healthy demand for housing in Mumbai, particularly in Borivali and Kandivali. They also discussed strategic milestones, including a migration to the BSE Main Board and the establishment of a CSR foundation. Despite some margin compression due to rising raw material costs, management expressed confidence in future profitability and operational efficiency.

Management emphasized strong financial performance and growth opportunities.