Modis Navnirman reported a robust performance for the quarter ended September 30, 2026, with consolidated profit doubling to Rs 10.46 crore compared to Rs 5.20 crore a year ago. Revenue from operations also saw a significant jump to Rs 69.38 crore, driven by its core construction and redevelopment business. The company, which migrated to the Main Board last year, continues to consolidate its operations following recent strategic mergers and subsidiary incorporation.
Modis Navnirman Posts Strong Q2 Growth With Profit Doubling
Consolidated Profit for the period rose to Rs 10.46 crore from Rs 5.20 crore year-on-year.
Revenue from operations increased to Rs 69.38 crore, up from Rs 37.85 crore in the same quarter last year.
Reader Takeaway: Exceptional year-on-year top and bottom-line growth, though investors should monitor project execution consistency post-Main Board migration.
What just happened
Modis Navnirman Ltd has released its unaudited financial results for the quarter ended September 30, 2026. The company demonstrated strong financial momentum, with both revenue and net profit showing substantial year-on-year gains. The consolidated EBITDA for the period stood at Rs 14.54 crore, significantly higher than the Rs 5.97 crore reported in the corresponding quarter of the previous fiscal year.
Why this matters
The doubling of profit and revenue highlights the company's scaling capability within its primary business segment: Real Estate Construction and Redevelopment. This performance comes after a pivotal year for the company, during which it completed a transition from the SME platform to the Main Board of the stock exchange in November 2025, signaling higher transparency and regulatory compliance standards.
The backstory
Over the last twelve months, the company has undertaken several corporate actions to streamline its structure. This includes a Scheme of Merger and Amalgamation approved by the MCA effective from April 1, 2025, and the incorporation of a wholly-owned subsidiary, Modi's Navnirman Foundation, in January 2026. These moves suggest a shift toward a more organized corporate structure as it manages its increased scale on the Main Board.
What to track next
Investors should look for updates on project execution timelines and the specific contribution of the newly formed foundation to the company's overall operations. Given the competitive nature of the real estate sector, sustaining these growth margins will be key for the stock's valuation as it matures on the Main Board.