Modis Navnirman Q1 Results: Net profit rises 27% YoY to ₹861 lakh
Modis Navnirman Limited reported Q1FY26 standalone net profit of ₹861.14 lakh, up 27% YoY, with revenue rising 28% to ₹5,825.89 lakh. The company migrated to the Main Board in November 2025 and adopted Ind AS from April 2025.
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modi's navnirman reported a 27% year-on-year increase in standalone net profit to ₹861.14 lakh for the quarter ended June 30, 2026, driven by higher revenue from operations and improved operational efficiency. Revenue from operations rose 28% to ₹5,825.89 lakh, compared to ₹4,554.20 lakh in Q1FY25, while EBITDA grew to ₹1,168.17 lakh from ₹1,019.75 lakh in the same period last year.
The Board of Directors approved the unaudited standalone and consolidated financial results on August 7, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board. Statutory auditors D G M S & Co. issued an unmodified limited review report on the financial statements.
Financial Performance Highlights
The company’s financial performance reflects strong growth in core operations, with revenue expansion outpacing cost increases. Other income declined significantly to ₹49.39 lakh from ₹279.18 lakh in the previous quarter, but this was offset by lower finance costs and stable employee benefit expenses.
| Particulars | Q1FY26 (₹ in lakhs) | Q1FY25 (₹ in lakhs) | Change |
|---|---|---|---|
| Revenue from operations | 5,825.89 | 4,554.20 | +28% |
| Total Income | 5,875.28 | 4,567.38 | +29% |
| Total Expenses | 4,707.11 | 3,547.63 | +33% |
| EBITDA | 1,168.17 | 1,019.75 | +15% |
| Profit Before Tax | 1,155.43 | 1,018.87 | +13% |
| Net Profit | 861.14 | 679.09 | +27% |
Consolidated net profit stood at ₹858.07 lakh, compared to ₹679.09 lakh in Q1FY25. Consolidated revenue from operations remained at ₹5,825.89 lakh, with consolidated EBITDA at ₹1,165.10 lakh. The subsidiary, Modi's Navnirman Foundation, contributed negligible revenue of ₹0.04 lakh during the quarter.
Key Developments
The company migrated from the SME Platform to the Main Board of the Stock Exchange effective November 14, 2025, following shareholder approval. It has adopted Indian Accounting Standards (Ind AS) with effect from April 1, 2025, with comparative figures restated under Ind AS 101. The Ministry of Corporate Affairs approved the Scheme of Merger/Amalgamation on October 16, 2025, effective from April 1, 2025.
What the Numbers Show
The divergence between revenue growth (28%) and expense growth (33%) indicates pressure on operating margins, though EBITDA growth at 15% suggests some cost control measures are taking effect. The sharp decline in other income from ₹279.18 lakh in Q4FY26 to ₹49.39 lakh in Q1FY26 highlights that the profit growth is primarily driven by core operations rather than non-operating income, signaling sustainable earnings quality.
Historical Stock Returns for Modi's Navnirman
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.71% | +1.61% | +16.18% | +21.21% | +1.41% | +1.41% |
How will the migration from the SME Platform to the Main Board impact Modi's Navnirman's liquidity and institutional investor interest in the coming quarters?
Given the 33% rise in total expenses outpacing revenue growth, what specific operational strategies is management implementing to stabilize operating margins in Q2FY26?
What are the long-term financial implications of adopting Ind AS standards, particularly regarding restated comparative figures and future reporting compliance?
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