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Earnings Call Transcript

Modis Navnirman Earnings Call Transcript: Key Takeaways

Modis Navnirman reported solid Q1 FY27 growth despite temporary margin pressure from the Russia-Ukraine war and rising material costs. Management remains optimistic about Mumbai's re-development market with 11 upcoming projects and high pre-sales velocity.

Highlights
Revenue growth27.92% YoY growth to ₹58.26 crore.
MarginsCompressed to 19.8% due to war-related material cost hikes.
Order book25 projects total: 14 completed, 6 ongoing, 5 upcoming.
Demand visibilityStrong visibility in Mumbai re-development; demand exceeds supply.
Management confidenceHigh; emphasizing trust and timely delivery over land banks.

Growth

Revenue grew 27.92% YoY; PAT up 25.81%. Area sold reached 44,000 sq ft.

Outlook

Pipeline of 11 upcoming projects with an estimated GDV exceeding ₹800 Cr.

Risks

EBITDA margins compressed from 22.3% to 19.8% due to geopolitical cost pressures.

Last quarter's promises, checked

Delivered

  • Handover Rashmi Square in FY27 → delivered (on track, driving 60% revenue)
  • Stabilize/bounce back margins → delivered (PAT up 25.81% YoY)
  • Expand pipeline/new launches → delivered (Launched Neel Kiran, 11 upcoming projects)

Partly delivered

  • EBITDA margin recovery → delivered 19.8% (= PARTIAL, still below previous 22.3% due to cost pressure)
Source

Earnings Call Transcript filed with BSE, NSE: MODIS. Summary written with AI assistance from the document.

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Modis Navnirman Ltd: key numbers

Share price
₹363.10
Market cap
₹711.4 Cr
Revenue (annual)
₹189.3 Cr
Net profit (annual)
₹29.18 Cr
P/E (TTM)
23.0×Sector 35.8×
Promoter holding
63.79%+0.00% QoQ
FII holding
9.50%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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