Modis Navnirman Limited — Investor Meet, 21-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Modis Navnirman Limited has announced a board meeting on May 21, 2026, to discuss the financial results for the quarter and year ended March 31, 2026. The transcript of the earnings conference call held on May 18, 2026, is available on the company's website.

**Financial Performance:** For FY26, Modis Navnirman reported a significant revenue growth of 84% YoY to INR189 Cr, compared to INR102 Cr in FY25. EBITDA increased by 35% YoY to INR38.46 Cr from INR28.47 Cr. Profit after tax rose by 26% to INR29.14 Cr. Margins saw some moderation due to project mix and execution costs.

**Management Commentary & Outlook:** Management highlighted FY26 as a landmark year with highest-ever revenue and profitability, driven by a strong redevelopment-focused model and disciplined project execution. The company is expanding its presence and expects continued demand in Mumbai's redevelopment market. They are optimistic about FY27 with a strong pipeline and improving brand recognition.

**Operational Updates:** The company successfully completed and handed over two projects in FY26. They have six ongoing projects with a strong sales pipeline, with over 4.92 lakh sq ft booked out of 7.5 lakh sq ft total portfolio. New projects have been acquired and are in the pipeline.

**Analyst Q&A Highlights:** Discussions covered raw material price impacts, which were minor and limited to two projects. Realization per square foot is expected to be stable to upward. Management addressed expansion into new areas and confirmed efforts to improve sales traction for projects with lower bookings.

**Investor Angle:** The company remains debt-free, maintaining a capital-efficient, asset-light model. They are focused on project execution, pipeline expansion, and operational efficiencies. The company is entering FY27 with strong momentum and growth opportunities.