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Modis Navnirman Ltd

Q3 FY26Realty

Modis Navnirman Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹378
Market cap₹807 Cr
P/E27.7
Updated26 Aug 2026
Read4 min read

The short version

Revenue from operations for the fourth quarter of FY26 is targeted around INR180 crores, up from INR138 crores in the first nine months. Modis Navnirman Limited targets continued strong revenue growth, with FY '26 revenue expected around INR180 crores and FY '27 targeting INR200-230 crores.

From Modis Navnirman Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • Revenue from operations for the fourth quarter of FY26 is targeted around INR180 crores, up from INR138 crores in the first nine months.
  • For FY27, revenue recognition is targeted between INR200 crores to INR230 crores.
  • EBITDA margins are expected to remain strong, targeted around 22% to 25%, maintaining the current robust margin profile.
  • Growth driven by completion and launch of projects like Rashmi Square, Rashmi Icon, and Rashmi Avenue, contributing to steady revenue recognition.
  • New redevelopment projects in high-demand locations such as Borivali West with a GDV of approximately INR250 crores will bolster growth.

2 more points from Modis Navnirman Ltd's call on revenue

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Profitability & Margins

See what Modis Navnirman Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Modis Navnirman Limited maintains an asset-light redevelopment model with minimum upfront land acquisition costs, preserving margins.
  • The company focuses on internally funded expansion through disciplined capital allocation and avoids debt.
  • No plans to raise debt for future projects; funding is primarily through internal accruals.
  • Project launches include Rashmi Icon and Rashmi Avenue, with Rashmi Paradise in approval stages targeting post-rainy season start.
  • Rashmi Gold and Rashmi Sheetal projects expected for Q3/Q4 FY 2027.

2 more points from Modis Navnirman Ltd's call on capex

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Top-ranked in Realty

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Sobha Ltd
Rev 2Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The company’s ongoing and upcoming project portfolio (excluding completed ones) has a Gross Development Value (GDV) of over INR 1000 crores.
  • Specific projects like Rashmi Sheetal and Rashmi Icon have GDVs of approximately INR 250 crores and INR 190-200 crores respectively.
  • Rashmi Square has a GDV of around INR 130 crores and Manorath around INR 60 crores.
  • The company does not follow pre-sales; thus, no revenue is booked before completion stages.
  • Revenue recognition for new projects like Rashmi Icon and Rashmi Avenue is expected starting Q3 or Q4 of FY 2027 after 25% project cost is incurred.

2 more points from Modis Navnirman Ltd's call on order book

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Modis Navnirman Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹69 Cr, net profit ₹10 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Modis Navnirman Ltd Q3 FY26 results?

Revenue from operations for the fourth quarter of FY26 is targeted around INR180 crores, up from INR138 crores in the first nine months. Modis Navnirman Limited targets continued strong revenue growth, with FY '26 revenue expected around INR180 crores and FY '27 targeting INR200-230 crores.

What is Modis Navnirman Ltd share price analysis?

Modis Navnirman Ltd currently shows a neutral. The stock trades at a P/E of 27.7 with a market cap of ₹807 Cr. Investors should review the full earnings analysis for detailed insights.

Is Modis Navnirman Ltd planning capital expenditure?

Modis Navnirman Limited maintains an asset-light redevelopment model with minimum upfront land acquisition costs, preserving margins.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.