Q1 FY27 earnings call: revenue up 28%, margins dip on war cost pressures
MODIS · price
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Modis Navnirman Q1 FY27: revenue grew 27.92% YoY to INR 58.26 crores, EBITDA rose 14.25% to INR 11.65 crores but margin slipped from 22.3% to 19.8% due to war-related cost pressures. PAT up 25.81% at INR 8.54 crores, EPS at INR 4.36. Sold about 44,000 sq ft. Added new project Neel Kiran in Santacruz West. Portfolio now 25 projects (6 ongoing, 14 completed, 5 upcoming). Upcoming project GDV is upwards of INR 800 crores. Management expects margins to normalize next quarter as war disruptions subside.
Strong revenue growth offset by margin compression this quarter. Healthy INR 800 crore pipeline supports medium-term growth visibility.