{"id":181156,"date":"2026-02-17T03:04:33","date_gmt":"2026-02-17T08:04:33","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=181156"},"modified":"2026-02-17T03:04:33","modified_gmt":"2026-02-17T08:04:33","slug":"modis-navnirman-revenue-climbs-70-percent-in-third-quarter","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/modis-navnirman-revenue-climbs-70-percent-in-third-quarter\/","title":{"rendered":"Modis Navnirman Revenue Climbs 70 Percent in Third Quarter"},"content":{"rendered":"\n

Modis Navnirman Ltd (BSE: 543539, NSE: MODIS)<\/strong> closed at INR 328.75<\/strong> today, February 17, 2026, representing an intraday decrease of 1.65%<\/strong>. The Mumbai-based real estate developer operated between an intraday high of INR 333.25 and a low of INR 328.45.<\/p>\n\n\n\n

\n\n\n\n

Market Capitalization<\/strong><\/h2>\n\n\n\n

As of the market close on February 17, 2026, the company’s market capitalization stands at INR 644.06 crore<\/strong> (approximately USD 77.6 million<\/strong>).<\/p>\n\n\n\n

\n\n\n\n

Latest Quarterly Results<\/strong><\/h2>\n\n\n\n

For the third quarter ended December 31, 2025 (Q3 FY26), Modis Navnirman reported consolidated revenue from operations of INR 54.43 crore<\/strong>, a 70% increase<\/strong> from INR 32.02 crore in the same period last year. Net profit for the quarter rose to INR 12.77 crore<\/strong>, up 82.17%<\/strong> year-over-year from INR 7.01 crore.<\/p>\n\n\n\n

The company operates primarily in the real estate redevelopment segment. Segment-specific highlights include:<\/p>\n\n\n\n

    \n
  • Residential & Mixed-Use Development:<\/strong> Revenue was driven by project execution at “Rashmi Vasudeo” and the commencement of the “Rashmi Icon” project.<\/li>\n\n\n\n
  • Operating Efficiency:<\/strong> EBITDA for the quarter was reported at INR 14.85 crore<\/strong>, with EBITDA margins expanding by 219 basis points to 27.27%<\/strong>.<\/li>\n<\/ul>\n\n\n\n
    \n\n\n\n

    FINANCIAL TRENDS<\/strong><\/h2>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
    \n\n\n\n

    Nine-Month Overview<\/strong><\/h2>\n\n\n\n

    For the nine-month period ended December 31, 2025 (9M FY26), revenue from operations totaled INR 137.82 crore<\/strong>, a 103.36% increase<\/strong> compared to INR 67.8 crore in 9M FY25. Net profit for the nine-month period reached INR 24.8 crore<\/strong>, surpassing the full-year profit of FY25 (INR 23.11 crore). Directional trends indicate sustained growth in both top-line revenue and bottom-line profitability.<\/p>\n\n\n\n

    \n\n\n\n

    Business & Operations Update<\/strong><\/h2>\n\n\n\n

    Modis Navnirman officially commenced construction of “Rashmi Icon” in Malad West, Mumbai, on February 6, 2026. The project is a mixed-use development comprising 201 residential units and 17 commercial units across 4,744 square meters. Additionally, the company completed the handover of 90 homes at the “Rashmi Vasudeo” project in Borivali West.<\/p>\n\n\n\n

    The company successfully migrated from the SME platform to the Main Boards of the BSE and NSE on November 14, 2025.<\/p>\n\n\n\n

    \n\n\n\n

    M&A or Strategic Moves<\/strong><\/h2>\n\n\n\n

    The company confirmed the successful completion of its merger with Shree Modis Navnirman Private Limited<\/strong>, effective from April 1, 2025. In January 2026, the company secured a new redevelopment mandate in Borivali West with an estimated gross development value of INR 250 crore<\/strong>.<\/p>\n\n\n\n

    \n\n\n\n

    Q&A Focal Points<\/strong><\/h2>\n\n\n\n

    During the post-earnings Q&A session, management and analysts focused on the following key operational and financial areas:<\/p>\n\n\n\n

      \n
    • Project Acquisition Strategy:<\/strong> Management emphasized a selective approach to Mumbai redevelopment, prioritizing land parcels and societies that offer clear execution timelines and high-margin visibility over high-volume, low-margin acquisitions.<\/li>\n\n\n\n
    • Capital Structure and Debt:<\/strong> Analysts queried the funding of the current project pipeline. Management confirmed the company remains debt-free, utilizing internal accruals and customer advances to fund construction cycles without external borrowing.<\/li>\n\n\n\n
    • Geographic Concentration:<\/strong> Discussion centered on the company\u2019s decision to remain focused on Mumbai\u2019s western suburban micro-markets (Borivali and Malad), where the company maintains existing infrastructure and vendor relationships.<\/li>\n\n\n\n
    • Execution Timelines:<\/strong> In response to questions regarding the “Rashmi Icon” project, the company provided clarity on the phased delivery schedule, noting that the mixed-use nature of the project allows for diversified cash flow streams.<\/li>\n\n\n\n
    • Regulatory Environment:<\/strong> Management addressed the impact of recent MHADA and SRA (Slum Rehabilitation Authority) policy updates, identifying them as the primary external factors influencing the velocity of future project approvals.<\/li>\n<\/ul>\n\n\n\n
      \n\n\n\n

      Guidance & Outlook<\/strong><\/h2>\n\n\n\n

      Management indicated a focus on the execution of the existing project pipeline and the acquisition of high-demand redevelopment mandates in Mumbai. Regulatory developments regarding MHADA and SRA (Slum Rehabilitation Authority) policies in Maharashtra remain the primary industry context to watch for, as these impact the company’s core redevelopment business model.<\/p>\n\n\n\n

      \n\n\n\n

      Performance Summary<\/strong> <\/h2>\n\n\n\n

      Modis Navnirman stock ended 1.65% lower<\/strong> at INR 328.75<\/strong> today. The company reported a 70% increase in Q3 revenue<\/strong> to INR 54.43 crore<\/strong> and an 82.17% rise in net profit<\/strong>. The nine-month performance has already exceeded the previous full fiscal year’s results, supported by the completion of a major merger and the launch of new projects in the Mumbai region.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Modis Navnirman Ltd (BSE: 543539, NSE: MODIS) closed at INR 328.75 today, February 17, 2026, representing an intraday decrease of 1.65%. The Mumbai-based real estate developer operated between an intraday high of INR 333.25 and a low of INR 328.45. Market Capitalization As of the market close on February 17, 2026, the company’s market capitalization […]<\/p>\n","protected":false},"author":2392,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,11809],"tags":[16628,10169,14492],"class_list":["post-181156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-realty","tag-16628","tag-earnings","tag-financial-results"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178275,"url":"https:\/\/alphastreet.com\/india\/symphony-net-profit-declines-to-inr-200-million-amid-revenue-contraction\/","url_meta":{"origin":181156,"position":0},"title":"Symphony Net Profit Declines to INR 200 Million Amid Revenue Contraction","author":"Staff Correspondent","date":"January 29, 2026","format":false,"excerpt":"Symphony Ltd (NSE: SYMPHONY; BSE: 517385) shares traded at INR 839.80 at the market close on January 29, 2026, representing an intraday move of 1.45%. The stock performance follows the company's release of its third-quarter financial results for the period ended December 31, 2025. Market Capitalization As of January 29,\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":181153,"url":"https:\/\/alphastreet.com\/india\/maan-aluminium-reports-revenue-and-profit-decline-in-third-quarter\/","url_meta":{"origin":181156,"position":1},"title":"Maan Aluminium Reports Revenue and Profit Decline in Third Quarter","author":"Staff Correspondent","date":"February 17, 2026","format":false,"excerpt":"Maan Aluminium Ltd (NSE: MAANALU, BSE: 532906) closed at 148.02 on the National Stock Exchange today, representing an intraday increase of 0.25%. The stock fluctuated between an intraday low of 145.14 and a high of 149.79. Market Capitalization The market capitalization of Maan Aluminium Ltd stood at INR 887.90 crore\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180858,"url":"https:\/\/alphastreet.com\/india\/sigachi-industries-reports-revenue-decline-as-pashamylaram-fire-impacts-quarterly-earnings\/","url_meta":{"origin":181156,"position":2},"title":"Sigachi Industries Reports Revenue Decline as Pashamylaram Fire Impacts Quarterly Earnings","author":"Staff Correspondent","date":"February 15, 2026","format":false,"excerpt":"Sigachi Industries Ltd (NSE: SIGACHI, BSE: 543389) shares closed at 23.01 INR on Monday, February 16, 2026, representing an intraday decline of 4.21%. The stock traded between a high of 24.00 INR and a low of 22.86 INR during the session following the board's approval of the third-quarter financial results\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179513,"url":"https:\/\/alphastreet.com\/india\/rashi-peripherals-reports-profit-growth-in-third-quarter-results\/","url_meta":{"origin":181156,"position":3},"title":"Rashi Peripherals reports profit growth in third quarter results","author":"Staff Correspondent","date":"February 4, 2026","format":false,"excerpt":"Rashi Peripherals Ltd (NSE: RPTECH) shares rose on Wednesday following the disclosure of its financial results for the quarter ended December 31, 2025. The company's stock closed at 391.45 per share, representing an intraday increase of 7.26% from the previous close. Market Capitalization As of the market close on February\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178365,"url":"https:\/\/alphastreet.com\/india\/swiggy-ltd-shares-close-at-inr-324-05-following-q3-fy26-earnings-disclosure\/","url_meta":{"origin":181156,"position":4},"title":"Swiggy Ltd Shares Close at INR 324.05 Following Q3 FY26 Earnings Disclosure","author":"Staff Correspondent","date":"January 29, 2026","format":false,"excerpt":"Swiggy Ltd (SWIGGY) shares traded at INR 324.05 on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during today\u2019s session, representing a 0.17% increase from the previous close of INR 323.50. The stock reached an intraday high of INR 330.50 and a low of INR 321.65. Total traded\u2026","rel":"","context":"In "Retail"","block_context":{"text":"Retail","link":"https:\/\/alphastreet.com\/india\/category\/retail-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180841,"url":"https:\/\/alphastreet.com\/india\/shakti-pumps-india-shares-fall-after-q3-fy2026-results\/","url_meta":{"origin":181156,"position":5},"title":"Shakti Pumps India Shares Fall After Q3 FY2026 Results","author":"Staff Correspondent","date":"February 15, 2026","format":false,"excerpt":"Shakti Pumps (India) Limited (NSE: SHAKTIPUMP, BSE: 531431) shares closed at INR 3,023.90 on Monday, representing an intraday decline of 3.80%. The stock opened the session at INR 3,100.00 and reached a high of INR 3,127.00 before settling lower following the release of its quarterly financial statements. Market Capitalization As\u2026","rel":"","context":"In "LATEST"","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2392"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=181156"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181156\/revisions"}],"predecessor-version":[{"id":181159,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/181156\/revisions\/181159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=181156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=181156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=181156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}