Modis Navnirman Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Modis Navnirman Limited reported strong full-year results for FY2026. Standalone revenue from operations grew to Rs 18,931.35 lakhs vs Rs 10,290.62 lakhs in the prior year (restated), reflecting ~84% growth driven partly by the company's migration to the Main Board in November 2025 and a merger with its wholly-owned subsidiary Shree Modis Navnirman Private Limited effective April 1, 2025. PAT rose to Rs 2,921.90 lakhs from Rs 2,311.05 lakhs (restated), up ~26%, while EPS improved to Rs 14.91 vs Rs 11.80. EBITDA expanded to Rs 3,845.80 lakhs from Rs 2,846.69 lakhs. The auditors (DGMS & Co.) issued an unmodified opinion with no qualifications. The company also adopted Ind AS from April 1, 2025, resulting in restated prior-year figures. A new wholly-owned subsidiary, Modis Navnirman Foundation, was incorporated in January 2026. However, operating cash flow was negative at Rs 233.38 lakhs for the year, a concern despite positive net profit.
Revenue and profit grew significantly, boosted by the merger and main board migration. However, the negative operating cashflow despite profitability suggests working capital pressure and warrants scrutiny from investors.