Quarterly Result14 Feb 2026, 05:34 pm
Modis Navnirman Delivers Strong 9M FY26 Performance; Sustains Robust Growth Momentum
AI Summary
Modis Navnirman Limited, one of Mumbai’s emerging premium real estate developers, has announced its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. The company has delivered its strongest-ever nine-month performance, surpassing its full FY25 earnings with revenue up 103% YoY, PAT soaring 105% YoY, and area sold up 38.69% YoY. The company remains debt-free, providing flexibility for future growth. The quarter was marked by strategic progress, including securing a key redevelopment mandate at Borivali (West) and completing the merger of Shree Modis Navnirman Pvt. Ltd.
Key Highlights
- Revenue up 103% YoY to Rs. 137.82 Cr in 9M FY26
- PAT soars 105.22% YoY to Rs. 24.8 Cr in 9M FY26
- Area sold grew 38.69% YoY to 36,080 sq. ft. in 9M FY26
- Secured a key redevelopment mandate at Borivali (West) with an estimated Gross Development Value of approximately Rs. 250 crore
- Completed merger of Shree Modis Navnirman Pvt. Ltd., a landmark consolidation in Mumbai’s real estate sector