To consider and approve the Audited Standalone and consolidated Financial Results of the Company for the quarter and year ended March 31, 2026, as recommended by the Audit Committee.
MODIS · price
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Modis Navnirman Ltd reported strong annual performance for FY2026 with revenue from operations growing 84% to ₹18,931.35 lakhs from ₹10,290.62 lakhs in the previous year. Profit after tax increased 26% to ₹2,917.85 lakhs compared to ₹2,311.05 lakhs year-over-year. EBITDA stood at ₹3,845.75 lakhs, though EBITDA margin compressed from 27.2% to 20.0% due to higher project costs. The company transitioned to Ind AS accounting standards effective April 1, 2025, and completed a merger with its wholly-owned subsidiary Shree Modis Navnirman Private Limited from the same date. The auditors issued an unmodified (clean) opinion on both standalone and consolidated financials. The company also migrated from the SME platform to the Main Board in November 2025.
Positive signals include robust revenue and profit growth, but investors should note the negative operating cash flow of ₹233.38 lakhs and margin compression. The merger and accounting transition may affect comparability with prior periods.