Modi's Navnirman Limited has announced strong financial results for the quarter and nine months ended December 31, 2025, demonstrating robust growth momentum across key performance metrics. The Mumbai-based real estate developer reported significant improvements in revenue, profitability, and operational efficiency during the period.

Quarterly Financial Performance

The company's Q3 FY26 results showcased strong operational execution with substantial year-on-year growth across all major financial parameters.

The quarterly performance was driven by strong project execution and improved cost control measures, resulting in enhanced profitability margins across EBITDA and PAT levels.

Nine-Month Performance Exceeds Full Year FY25

The nine-month FY26 performance was particularly noteworthy, with the company achieving earnings that surpassed its full FY25 results.

The nine-month revenue of ₹137.82 crore represents a significant milestone, exceeding the full FY25 revenue of ₹104 crore. Similarly, the PAT of ₹24.8 crore surpassed the full year FY25 PAT of ₹23.1 crore.

Operational Achievements and Strategic Progress

Beyond financial metrics, the company achieved several operational milestones during the period. Area sold grew 38.69% year-on-year to 36,080 sq. ft. in the nine-month period, reflecting strong market demand for the company's projects.

Key operational highlights included:

• Completion of handover for "Rashmi Vasudeo" project in Borivali West, delivering 90 homes on schedule
• Securing a redevelopment mandate at Borivali West with estimated gross development value of approximately ₹250 crore
• Successful completion of merger with Shree Modis Navnirman Pvt. Ltd.
• Migration to BSE and NSE Main Boards, enhancing visibility and governance standards

Management Outlook and Strategy

According to Mr. Dinesh C. Modi, Chairman & Managing Director, the company's performance reinforces structural momentum in both financial trajectory and project pipeline. The management emphasized their selective project acquisition approach, focusing on societies with execution clarity, margin visibility, and timely approvals.

The company maintains its debt-free status, providing financial flexibility for future growth opportunities. Management highlighted that this conservative capital structure offers resilience in the current real estate environment where funding costs remain elevated.

Company Profile

Modis Navnirman Limited operates as a redevelopment-focused real estate developer in Mumbai, established by Mr. Dinesh C. Modi in 2010. The company specializes in redevelopment projects in Mumbai's western suburban markets, targeting areas with aging housing stock and strong end-user absorption.

Modi's Navnirman Limited celebrated a key milestone with the successful Bhoomi Poojan ceremony for its upcoming residential project Rashmi Icon on February 6, 2026. The ceremony marked the formal commencement of construction for this mixed-use development located at Shankar Gully, Orlem, Malad West, Mumbai.

Project Overview

Rashmi Icon represents a thoughtfully planned mixed-use development designed to become a modern lifestyle landmark in the Malad West neighborhood. The project specifications demonstrate the company's focus on comprehensive community living.

Management Commentary

Mr. Mahak Modi, Whole-Time Director & Chief Financial Officer of Modis Navnirman Limited, emphasized the project's significance during the ceremony. He stated that Rashmi Icon reflects the company's commitment to building future-ready urban communities, with focus on delivering well-designed homes, strong construction quality, and meaningful amenities that add long-term value to residents and the surrounding neighborhood.

Project Features

The development is designed to offer a balanced blend of comfort and convenience for modern urban living. Key highlights include:

• Modern lifestyle amenities and recreational spaces
• Fitness facilities aimed at enhancing community living
• Contemporary home designs across three residential wings
• Integrated commercial spaces for added convenience
• Comprehensive parking solutions with podium parking

Company Background

Modis Navnirman Limited positions itself as one of Mumbai's rapidly growing real estate developers, founded by Mr. Dinesh C. Modi in 2010. The company focuses on redevelopment projects in Mumbai and has established itself as a promising player in the real estate sector. The Rashmi Icon project strengthens the company's growing portfolio of residential developments in Mumbai and reinforces its mission to create modern, community-focused spaces built with quality and integrity.

Project Timeline

The Bhoomi Poojan ceremony on February 6, 2026, officially commenced the construction phase of Rashmi Icon. This ceremonial beginning marks an important milestone in the project's development timeline, transitioning from planning to active construction phases.