BSECompany Update13 Aug 2026 · 13 Aug 2026, 01:22 pm
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 ....
Modis Navnirman Ltd · 543539
✦ AI Summary▲ PositiveResults
Modis Navnirman Ltd has announced its Q1 FY27 earnings, with revenue from operations growing 27.92% year-on-year to INR58.26 crores, EBITDA growing 14.25% year-on-year to INR11.65 crores, and profit after tax growing 25.81% year-on-year to INR8.54 crores.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Modis Navnirman Ltd - 543539 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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MODIS
NAVNIRMAN
Date: 13/08/2026
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 oft he Earnings Conference Call held
on Monday, August 10, 2026, for discussing the Financial Results (Standalone and Consolidated) of
Modis Navnirman Limited for the quarter June 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 Q1 FY 26-
You are requested to kindly take the aforesaid on your record.
Kindly take the above information on record.
Thanking you,
For Modis Navnirman Limited
- Digtally signed by
Nishi Mahek nishi Mahek Modi
Modi Date: 2026.08.13
12:10:57 +05'30"
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
We Don't Build Walls, We Build Homes
“Modis Navnirman Limited
Q1 FY27 Earnings Conference Call”
August 10, 2026
MODIS ADFACTORS PR
We Don't Build Walls, We Build Homes
MANAGEMENT: MR. MAHEK MODI— WHOLE-TIME DIRECTOR AND CHIEF
FINANCIAL OFFICER — MODIS NAVNIRMAN LIMITED
ADFACTORS PR —MODIS NAVNIRMAN LIMITED
Page 1 of 11
MODIS
NAVNIRMAN
Modis Navnirman Limited
We Dori't Build Walls, We Build Homes August 10, 2026
Moderator: Ladies and gentlemen, good day and welcome to Modis Navnirman Limited Q1 FY27 Earnings
Conference Call. As areminder, all participant lines will be in the listen-only mods, and there
will be an opportunity for youto 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 touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Mahek Modi. Thark you, and over to you, sir.
Good afternoon everyone, and thank you for joining Modis Navnirman Q1 FY27 carnings call.
Mahek Modi:
On behaofl tfhe management team, I sincercly appreciate your time and interest in our company.
Before I getto the numbers, I would just like to brief about the company that is Modis Navnirman
Limited.
The numbers what we speak — sorry, since our founder Dinesh Modi set up Modis Navnirman
in 2009, we have built this business around one simple belicf, that we don't just build walls, we
build homes. This isn't a tagline for us, itis a filter which we run every, in every decision which
we take, which socicty we partner and how we design our tower, how we treat our family that
has trusted their money and time with us, and the roof which we provide them over their heads
during a redevelopment. A house becomes a home with love, and that is the standard we hold
ourselves to, project after project.
I say this deliberately that it is casy... because it is casy in this industry to be measured purcly
on land banks and square footages. We'd be rather measured on trust, and this quarter, I think
you will see that trust translating into both scale and performance.
Now, I'would like to give you a bricf about the financial performance what we have done in the
quarter. The revenue from operations grew 27.92% year-on-year to INR58.26 crores compared
to what it was last year Q1 FY26, INR45.54 crores, and it has grown 13.15% from the Q4 of
FY26.
EBITDA grew 14.25% year-on-year to INR11.65 crores from INR10.20 crores given in Q1
FY26, and 1ose 54% subsequently in Q4 FY26. The profit after tax grew 25.81% year-on-year
to INR8.54 crores compared to INR6.79 crores which was given in Q1 FY26, and rose 92.04%
in Q4 FY26.
Basic EPS for the quarter stood INR4.36 against the Q1 FY26 of INR 3.47 One number I want
to specifically mention is the area sold, which in Q1 FY27, we have sold around 44,000 square
feet. To me, that number best capturcs what's actually happening on the ground, and more
families arc choosing us to make home with us quarter-on-quarter.
Twould like toalso give you a bricf on the expansion which we have achicved in the Q1 quarter.
In this quarter, we have undertaken one more new project, that is Necl Kiran Socicty in Santacruz
West. Like we had promised in our other con-calls and presentation that we will be expanding
Page 2 of 11
MODIS
NAVNIRMAN
Modis Navnirman Limited
We Dori't Build Walls, We Build Homes August 10, 2026
in the Bombay zone, sotill now we had projects in the westem zone, but now we have expanded
to the Santacruz and other sides of Bombay as well.
Together with this, currently we have six ongoing projects and 14 completed projects, and five
upcoming projects across Bombay and its region, taking our portfolio to 25 premium residential
projects. This isn't just for growth sake. Every one of the projects sits in a micro-market we
understand deeply: Malad, Kandivali, Borivali, Dahisar, Goregaon, and now Khar, which comes
to us through our redevelopment model, which we've always kept an asset-light model, wherein
we partner with socictics rather than competing for lands in open market.
This keeps our land cost low and puts owr capital where it belongs, into construction and into
families waiting for their homes, and not into land bari sitting idle on balance sheet for quarters-
on-quarters. Exceution on the ground, I would like to give you a brif of the first quarter which
is going on. The exccution this quarter was steady across all six projects. Rashmi Square has
completed 22 slabs. Rashmi Signature completed its 20th slab. Rashmi Delight completed its
14th slab, and Rashmi Manorath completed its 13th slab. Rashmi Ieon and Rashmi Avenue, both
are progressing tremendously on their plinth stage. This is exactly the kind of discipline and on-
schedule exceution we want every investor and every homebuyer to able to sct their watch by.
Looking ahead, so when people ask us how different we are from every other real estate
company, this is our answer. We arc not chasing the biggest land banks in Bombay. We are
building the most trusted name in Mumbai redevelopment. One family, one socity, one home
at atime. Our job is now to keep doing exactly what has gotten us here disciplined exceution on
ground, financial prudence on the balance sheet, and widening our reach into the neighborhoods
that are ready to grow with us.
With this, I would like to keep the floor open for any questions.
Thank you very much. We will now begin the question-and-answer session. The first question
Moderator:
is from the line of Rohit Mehra from SK Securities. Please proceed.
Hi, sit. Good afternoon and thank you for the opportunity. So, my first question is how many of
Rohit Mehra:
new projects do you expect to add during FY27?
FY27, sce, in redevelopment there is no guarantee how much projects, when - because, sce, it
Mahek Modi:
is a tender process wherein we fill our tenders, then society takes their time to study, to select,
do everything. So, I can't promise on the number which we are undertaking, but, Yes, probably
we arc in good positions in two to three development stages, wherein we are in the top three
category. So, we are expecting this plus whatever more tenders come and whatever we achicve,
that.
Rohit Mehra: Got i, sir. So, pertaining to that only, so are we seeing any changes in the pricing trends across
your key micro-markets?
No, there are no price ~ pricing trends have been similar to what it is. Pricing depends mi
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