Q2 revenue and profit jump; operating cash flow remains negative

Profit growth above 25%EBITDA margin expansionNegative operating cash flowRevenue declinedResults View source PDF Explain this filing

MODIS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.4%Reaction day

₹378.90

prior close

₹379.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.0% vs market

Residential Commercial Projects peers, median of 66sector+0.1%+4.3% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.3 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-1.5

15m

-1.3

30m

+3.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.4+0.4+4.0+0.1+4.3

Next day

+1.8+2.1-0.3+1.9-0.0

+1.1+2.2-1.1+1.4-0.3

+5.0+2.9+2.2+2.8+2.2

+4.2+0.3+3.9+1.5+2.7

+4.0+1.8+2.2+2.4+1.6

+2.5+4.2-1.8+5.3-2.9

15d

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Modis Navnirman's unaudited consolidated Q2 FY27 revenue from operations rose 83% to ₹69.38 crore, while net profit doubled to ₹10.46 crore. EBITDA margin on revenue rose to 21.0% from 15.8%, and EPS reached ₹5.34. H1 revenue was ₹127.64 crore, profit ₹19.04 crore and operating cash flow was negative ₹16.51 crore. Prior figures were regrouped and reclassified after the April 2025 merger.

Likely market impact

Strong growth and better margins support sentiment, but negative operating cash flow and higher short-term borrowing add financial risk.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹69.38 Cr	₹83.39 Cr	−16.8%
Operating profit	₹13.19 Cr	₹15.62 Cr	−15.5%
Profit after tax	₹10.45 Cr	—	—
EBITDA margin	20.9%	—	—

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.