Modis Navnirman Limited reported record annual results for the year ended March 31, 2026, with revenue from operations rising to Rs 1893.1 million (mn), marking the highest annual top line in the company's history. The performance reflected accelerated project execution and a strengthened project pipeline as the developer scaled deliveries across its western Mumbai portfolio. The results position the company favourably amid improved operational metrics and market visibility following migration to the main boards of BSE and NSE.

For the quarter, revenue from operations rose to Rs 514.9 mn, up from Rs 199.4 mn a year earlier, while earnings before interest, tax, depreciation and amortisation grew to Rs 75.6 mn, reflecting enhanced operating efficiency. Profit after tax for the quarter increased to Rs 44.5 mn from Rs 15.2 mn in the comparable period, supported by revenue recognition at advanced-stage projects. Full year EBITDA expanded to Rs 384.6 mn and profit after tax rose to Rs 291.4 mn, representing improved margin retention.

Operationally, the company completed handover of Rashmi Celestia with eighty one residential units delivered on schedule and completed handover of Rashmi Vasudeo earlier in the year. Two new redevelopment projects were acquired and project launches added approximately 0.65 mn sq. ft. to the development pipeline, while area sold for the year grew to 53,000 sq. ft. The balance sheet remained near debt free with borrowings of Rs 56.2 mn, providing financial flexibility for growth.

The board completed a merger that consolidated an operating subsidiary and adopted Indian Accounting Standards for the first time, enhancing financial reporting rigour. Management indicated priorities to maintain healthy operating cash flows and prudent project level working capital management and said the redevelopment model supports capital efficiency by limiting upfront land outlay. The company cautioned that forward looking statements in the release are subject to risks and uncertainties.