Modis Navnirman Posts Record FY26 Revenue And Profit

19 May 2026 CW Team

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.

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.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Real Estate

30 Jul 2026

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Technology

30 Jul 2026

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..