Modis Navnirman Limited Q3 FY26 earnings call summary

Earnings call of 17 Feb 2026, summarised by AI from the filing.

Modis Navnirman reports 9M FY26 revenue of ₹137 cr, up 103%, and guides FY27 revenue recognition of ₹200-230 cr.

Key takeaways

1. Accounting change Shift from GAAP project completion to Ind AS percentage of completion and sales boosted Q3 revenue recognition.
2. Growth driver Rashmi Vasudeo completion with 100% revenue recognition and Rashmi Celestia nearing completion drove Q3 revenue.
3. Competition risk Competition in Mumbai redevelopment is high, though buyers now have more knowledge of RERA and BMC schemes.

Original filing on BSE

Modis Navnirman Limited Q1 FY27 results

As filed: Revenue ₹58.3 cr, EBITDA ₹11.2 cr, PAT ₹8.6 cr, EBITDA margin 19.2%.

Not scored. No result for the same quarter last year.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹51.5 cr, EBITDA ₹4.8 cr, PAT ₹4.5 cr, EBITDA margin 9.3%. Not scored. No result for the same quarter last year. Share price after the results: −4.3% in 28 days (Nifty 500: −0.1%).
• Q3 FY26: Revenue ₹54.4 cr, EBITDA ₹14.7 cr, PAT ₹12.8 cr, EBITDA margin 26.9%. Not scored. No result for the same quarter last year. Share price after the results: −9.8% in 28 days (Nifty 500: −8.2%).

Past price moves after results do not indicate future moves. Not a recommendation.

Modis Navnirman Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (10 Aug 2026), Results deck (7 Aug 2026)
• Q4 FY26: Earnings call (18 May 2026), Results deck (15 May 2026), Results press release (15 May 2026)
• Q3 FY26: Earnings call (17 Feb 2026), Results deck (14 Feb 2026)
• Q2 FY26: Earnings call (10 Nov 2025), Results deck (4 Nov 2025)
• Q1 FY26: Results deck (15 Sep 2025), Results deck (18 Sep 2025)