BSECompany Update2d ago · 29 Oct 2026, 12:52 pm
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Transcript of the Earnings Conference Call held on Monday, October 26, 2026, for discussing the Unaudited Financial Results (Standalone and Consolidated) of Modis Navnirman Limited for the quarter and half year ended September 30, 2026, is available on the Company's website
Modis Navnirman Ltd · 543539
✦ AI SummaryResults
Modis Navnirman Ltd's Q2 FY27 earnings conference call transcript is available on the company's website. The results show revenue from operations at INR69.38 crores, EBITDA at INR14.5 crores, and profit after tax at INR10.54 crores. The company has delivered growth across revenue, EBITDA, and profits.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment7/10
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Modis Navnirman Ltd - 543539 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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MODIS
NAVNIRMAN
Date: 29/10/2026
To, To,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Corporate Relationship Dept.,
Plot No. C/1, ‘G’ Block, Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex, Dalal Street, Fort,
Bandra (E), Mumbai — 400 051 Mumbai — 400 001
Symbol - MODIS Scrip Code — 543539
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 — Transcript of Earnings Conference Call
Dear Sir/Ma’am,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Transcript of the Earnings Conference Call held
on Monday, October 26, 2026, for discussing the Unaudited Financial Results (Standalone and
Consolidated) of Modis Navnirman Limited for the quarter and half year ended September 30, 2026,
is available on the Company’s website at the link given below:
https://modisnavnirman.com/
(Under Investor Relation — Financials —Select year 2026— Earnings Calls Transcript Q2 & H1
FY 26-27)
You are requested to kindly take the aforesaid on your record.
Kindly take the above information on record.
Thanking you,
For Modis Navnirman Limited
CS Nishi Modi
Company Secretary and Compliance Officer
ACS-68212
MODIS NAVNIRMAN LTD. |CIN:L45203MH2022PLC377939
Corporate Address: Shop No. 01, Rashmi Heights, M.G. Road, Kandivali (W), Mumbai - 400 067.
© info@modisnirman.com | & www.modisnirman.com | © +91 9819 9891 00
“Modis Navnirman Limited
Q2 FY27 Earnings Conference Call”
October 26, 2026
MODIS
NAVNIRMAN
We Don't Build Walls, We Build Homes
MANAGEMENT: MR. MAHEK MODI— WHOLE-TIME DIRECTOR AND CHIEF
FINANCIAL OFFICER — MODIS NAVNIRMAN LIMITED
MODERATOR: MS. SALONI NAGVEKAR — ADFACTORS PR
Page 1 of 14
MODIS
NAVNIRMAN
Modis Navnirman Limited
October 26, 2026
We Don't Build Walls, We Build Homes
Ladies and gentlemen, good day, and welcome to the Modis Navnirman Limited Q2 FY27
Moderator:
Earmings Conference Call. As a reminder, all participant lines will be in the listen-only mode,
and there will be an opportunity for you to ask questions after the presentation concludes. Should
you need assistance during the conference call, please signal an operator by pressing star, then
Zero on your touch-tone phone. Please note that this conference is being recorded.
I now hand the conference over o Ms. Saloni Nagvekar from Adfactors PR. Thank you, and
over to you, ma'am.
Saloni Nagvekar Good afternoon, everyone, and welcome to Modis Navnirman Limited Q2 and H1 FY27
Earnings Call. On behalof fth e management team, I would like to thank you for joining us today
and for your continued interest in the company. We are pleased to have with us Mr. Mahek
Modi, Whole-Time Dircctor and Chicf Financial Officer of Modis Navnirman Limited, who will
take you through the company's financial and operational performance for the second quarter
and half, first haolf fFY2 7, along with the business development and outlook ahead.
‘With that, T would now like to hand over the call to Mr. Mahek Modi for his opening remarks.
Over to you, sir.
Good aftemoon, everyone, and thank you for joining the Q2 and H1 FY27 carings call of Modis
Mahek Modi:
Navnirman Limited. Today, I'l take you through our performance for the second quarter and the
first half of FY27 before sharing an update on our sales momentum, project cxecution, and
development pipeline.
I want to begin with what continues to guide our decisions as a company. Since the founder,
Dinesh C Modi, established Modis Navnirman in 2009, we have had, on a simple belicf, we
don't build walls, we build homes. For us, redevelopment s not, redevelopment is not more
about creating a new building.
It is about working with housing societies, honoring the trust the familics have kept in us, and
delivering homes that arc thoughtfully designed and built with care. That philosophy shapes the
locations we choose, the way we exceute our projects, and the relationships we build with our
stakeholders.
Our results for the first halof fFY2 7 show that that purpose-led approach can go hand-in-hand
with business growth. We have delivered growth across revenue, EBITDA, and profits by
strengthening sales and continuing to advance our projects.
Now, I would like to take you to the Q2 quarterly performance of FY27. Reveme from
operations stood at INR69.38 crores, which was up from INR58.26 crores in Q1 FY27. Total
income for the quarter was INR69.54 crores. EBITDA has increased 25% quarter-on-quarter to
INRI14.5 crores compared to INR 11.63 crores in the previous quarter.
Our EBITDA margins, including other income, improvedt o 20.96%, which was up from 20.00%
in the first quarter. Profit after tax grew to INR10.54 crores comparedt o INR8.54 crores in Q1
Page 2 of 14
MODIS
NAVNIRMAN Modis Navnirman Limited
October 26, 2026
We Don't Build Walls, We Build Homes
of FY27. Our PAT margins have improved to 15.16% from 14.54% with the basic carnings per
share has also increased to, from INRS.34 crores.
The quarter-on-quarter progression in revenue, EBITDA, and PAT reflects the operating
momentum we have carried in the sccond quarter. We remain focused on sustaining that
‘momentum through disciplined execution, cost management, and the financial decisions which
we take.
The FY27 growth around overall, the metrics of the FY27 I give. The reveme from operations
grew 53% year-on-year to INR127.64 crores compared to INR83.39 crores, which was done in
e first haolf fFY2 6. EBITDA has increased 63% to INR26.19 crores from INR16.05 crores in
the previous HI of FY26. And profit afer tax, which is a major portion, has increased to
INR19.08 crores from INR12 crores, which was done in H1 of FY26.
These results represent year-on-year increase of INR44.25 crores in revenue, INR10.14 crores
in EBITDA, and INR7.08 crores in profit after tax Importantly, the growth has been
accompanied by improvement in profitability. EBITDA margins have increased, and the PAT
margins have also increased. For us, the quality of growth matters as much as the headline
umbers. The improvement in margins alongside higher revenue reflects our continuing focus
on operational efficiency and disciplined project execution. Now, I would like to take you
through the sales momentum and revenue.
Our operating performance is also supported by strong sales. During H1 FY27, we sold around
78,560 square fect, The sales value of all these have reachedt o INR202 crores and the realization
bas improved. Basically, per square fest realization has also improved and our per realization,
as of now is INR25,724 per square feet.
As on 30th September 26, our ongoing projects had a sales book of approximately INR202
crores, The presentation includes INR156 crores of revermie yet o be recognized from committed
sales alongside an estimated INRS0S crores of potential value from unsold units. So, overall, if
you will sce, the total revenue from the current projects, which is unsold and the revenue
recognition from the committed sales, which we have already done.
That figure goes to around INR661 crores across the current projects which is going on. We
view this as ameasure of revenmie visibility rather than a guarantee of timing. Actual recognition
will depend on project progress, applicable accounting requirements and fulfilling of relevant
conditions.
Our priority is to convert this visibility through steady construction, growth, customer
confidence and timely execution. Now, I would like you to take you to the project portfolio
which we have. We continue to build scale in a focused manner. Our portfolio comprises of 25
residential-cum-commercial projects across Bombay and adjoining regions.
14 projects have been completed, covering INR7.22 lakh square fect. Six projects arc ongoing,
thatis around INR12.11 lakh square fect going on. And the 5 upcoming projects represent around
Page 3 of 14
MODIS
NAVNIRMAN Modis Navnirman Limited
October 26, 2026
We Don't Build Walls, We Build Homes
approxima
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