Modison reported a substantial increase in profitability and revenue for the first quarter of FY27, driven by strong operational performance. The company's standalone net profit for the quarter rose to ₹338.4 million, a significant jump from ₹48 million in the same period last year. This represents a year-on-year growth of approximately 605%. Consolidated net profit stood at ₹338.4 million, up from ₹48.1 million in Q1FY26.

Revenue also showed robust growth, reaching ₹2,731 million in Q1FY27 (standalone), compared to ₹1,374.5 million in the year-ago quarter. This top-line expansion was accompanied by an improvement in operating efficiency, with standalone EBITDA rising to ₹524.5 million from ₹107.6 million previously. Consolidated EBITDA was reported at ₹524.5 million, up from ₹107.7 million in Q1FY26.

Financial highlights

The company's key financial metrics for the quarter reflect a marked turnaround in profitability:

What the Numbers Show

The most notable aspect of the quarter is the expansion in operating margins alongside revenue growth. While revenue nearly doubled, EBITDA grew at a faster pace, causing the EBITDA margin to expand significantly. Net profit growth outpaced EBITDA growth, indicating that non-operating items or tax efficiencies may have contributed positively to the bottom line. The earnings per share (EPS) for the quarter stood at ₹10.43, compared to ₹1.48 in the corresponding period last year.

Modison Limited held its 43rd Annual General Meeting (AGM) on Tuesday, July 21, 2026, through video conferencing and other audio-visual means. The meeting, which commenced at 5:30 p.m. IST and concluded at 6:53 p.m. IST, was conducted in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). The proceedings were webcast live on the National Depository System Limited (NSDL) website.

Mr. Jayant Govindrao Kulkarni, Non-Executive Independent Director, chaired the meeting, which was attended by 40 members. The requisite quorum was present throughout the session. Key managerial personnel, including Chief Executive Officer Murlidhar Narayan Nikam, Chief Financial Officer Mr. Ramesh Mangilal Kothari, and Company Secretary & Compliance Officer Ms. Pooja Birendra Sinha, were in attendance. The statutory auditors and secretarial auditors were also present via video conference.

The Chairman provided an overview of the company's performance for the financial year 2025-26, emphasizing operational excellence, innovation, and sustainability. The CEO presented a comprehensive review of financial highlights, business performance, and strategic initiatives. The Auditor's Report on the Financial Statements for the year ended March 31, 2026, contained no qualifications or adverse remarks.

Shareholders voted on several resolutions through remote e-voting and e-voting during the meeting. The ordinary business included the adoption of audited financial statements for the standalone and consolidated entities, the confirmation of interim dividend and declaration of final dividend, and the re-appointment of a director liable to retire by rotation.

The special business transacted included the ratification of remuneration payable to cost auditors for FY2026-27 and the approval of a material related party transaction with Modison Copper Private Limited. Shareholders also approved resolutions under Section 180(1)(C) and Section 180(1)(A) of the Companies Act, 2013, regarding the company's overall borrowing limits and the creation of mortgages or charges on its assets.

The consolidated voting results and the Scrutinizer's Report will be submitted to the stock exchanges and uploaded on the company’s website within two working days from the conclusion of the meeting.