Press Release - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter and year ended March 31, 2026
MODIS · price
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Modis Navnirman Limited delivered landmark FY26 results with revenue surging 84% YoY to Rs 189.31 crore, EBITDA growing 35% to Rs 38.46 crore, and PAT increasing 26% to Rs 29.14 crore. Q4 FY26 was particularly strong with 158% revenue growth to Rs 51.49 crore. The company completed two project handovers (Rashmi Vasudeo with 90 units and Rashmi Celestia with 81 units) and launched two new projects (Rashmi Icon and Rashmi Avenue) adding ~6.50 lakh sq. ft. to its pipeline. Area sold grew 23% to 53,000 sq. ft. The company completed a merger with Shree Modis Navnirman Pvt. Ltd., migrated to BSE & NSE Main Boards, and adopted Ind AS for the first time. The balance sheet remains near-debt-free with borrowings of only Rs 5.62 crore.
Strong all-round growth with 84% revenue jump demonstrates execution capability. However, EBITDA margin compressed from 27% to 20% YoY indicating margin pressure despite higher absolute profitability. Near-debt-free status and new project acquisitions position the company well for future growth.