Modern Insulators FY26 profit doubles to ₹8292.64 lacs
Modern Insulators reported a standalone net profit of ₹8292.64 lacs for FY26, nearly doubling from the previous year, with revenue from operations reaching ₹71913.61 lacs. The company's Q4 performance showed significant growth in EBITDA and net profit, with margins expanding to 15.65%. However, the statutory auditor issued a qualified opinion regarding the non-provision of taxation due to a pending amalgamation scheme, and the board did not recommend a dividend for the fiscal year.

*this image is generated using AI for illustrative purposes only.
Modern Insulators Limited reported a standalone net profit of ₹8292.64 lacs for the financial year ended March 31, 2026, nearly doubling from ₹3921.73 lacs in the previous year. Revenue from operations for the year stood at ₹71913.61 lacs, compared to ₹50325.16 lacs in FY25. Despite the strong profit growth, the board decided not to recommend any dividend for FY26. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 29, 2026.
Financial Performance
The company delivered robust growth across both quarterly and annual metrics. For the quarter ended March 31, 2026, standalone net profit rose to 246M rupees from 91M rupees in the same period last year, while revenue climbed to 2.02B rupees from 1.6B rupees year-on-year. EBITDA for Q4 surged to 316M rupees compared to 178M rupees in the corresponding quarter of the previous year, with the EBITDA margin expanding significantly to 15.65% from 11.15%. Total revenue for FY26 was ₹74130.78 lacs. The company operates primarily through two segments: Insulators and Terry Towels.
The following table summarises the key annual financial metrics:
| Metric: | FY26 (₹ in Lacs) | FY25 (₹ in Lacs) |
|---|---|---|
| Revenue from Operations: | 71913.61 | 50325.16 |
| Total Revenue: | 74130.78 | 51557.29 |
| Net Profit: | 8292.64 | 3921.73 |
| Basic EPS: | 17.59 | 8.32 |
The Q4 performance highlights are presented below:
| Metric: | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Revenue: | 2.02B rupees | 1.6B rupees |
| Net Profit: | 246M rupees | 91M rupees |
| EBITDA: | 316M rupees | 178M rupees |
| EBITDA Margin: | 15.65% | 11.15% |
Audit Qualifications
R B Verma & Associates, Chartered Accountants, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises because the company has not made a provision for taxation, including interest, amounting to ₹244.69 lacs for the quarter and ₹936.19 lacs for the year ended March 31, 2026. This decision is based on a proposed amalgamation scheme with Modern Denim Limited, which is currently pending regulatory approvals including a No Objection Certificate (NOC) from the stock exchange.
Board Decisions
The board re-appointed M/s Rajesh & Company, Cost Accountants, as the Cost Auditor for the financial year 2026-27. The trading window for designated persons and their immediate relatives, which has been closed since April 1, 2026, will remain shut until 48 hours after the publication of the financial results.
Historical Stock Returns for Modern Insulators
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -5.61% | +17.30% | +140.30% | +291.76% | +919.64% |
What is the expected timeline for regulatory approval of the proposed amalgamation scheme with Modern Denim Limited?
How will the company address the tax provision liability if the proposed amalgamation scheme fails to secure necessary approvals?
Will the board reconsider its dividend policy once the amalgamation uncertainty is resolved?


































