Q1 2027 Modi's Navnirman Ltd Earnings Call Transcript
Key Points
- Revenue from operations grew 27.92% year-on-year to INR58.26 crore, with a 13.15% sequential increase.
- Profit after tax rose 25.81% year-on-year to INR8.54 crore, and basic EPS increased to INR4.36 from INR3.47.
- Expanded into new micro-markets, securing a new project in Santa Cruz West and exploring opportunities in Khar, Ghatkopar, and other areas.
- Strong execution across ongoing projects, with significant progress in Rashmi Square, Signature, Delight, and Manor, and near completion of Rashmi Celestia.
- Healthy project pipeline with upcoming projects expected to generate over INR800 crore in GDV, maintaining 20-30% margins.
- EBITDA margin declined to 19.8% from 22.3% due to increased material and labor costs from the war situation.
- Project completions and new project acquisitions are uncertain due to the tender process, with no guaranteed number of new projects.
- Rashmi Govindalu project is on hold due to government issues, delaying its start.
- Inventory in some projects is still low, with Rashmi Avenue and Rashmi Icon just starting sales.
- Management has not yet planned capital allocation for larger redevelopment projects, indicating potential working capital needs.
Ladies and gentlemen, good day and welcome to Modi's Navnirman Limited Q1 FY27 Earnings Conference Call.
(Operator Instructions)
Mr. Mehak Modi.
Good afternoon, everyone, and thank you for joining Modi's Navnirman Q1 F.I. 2027 earnings call. On behalf of the management team, I sincerely appreciate your time and interest in our company. Before I get to the numbers, I would just like to brief about the company that is Modi's Nauniraman Limited. The numbers what we speak, sorry. Since our founder, Dinesh Modi, Tata Modi's Noniramani in 2009, we have built this business around one simple belief that we don't just build walls, we build homes. This isn't a tagline for us it is a filter which we run every in every decision which we take. Which society keeps with partner, and how we design a tower, how we treat our family that has trusted their money and time with us, and the roof which we provide them over their heads during a redevelopment. A house becomes a home with love, and that is the standard we
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