Q3 2026 Modi's Navnirman Ltd Earnings Call Transcript
Key Points
- Modis Navnirman Ltd (BOM:543539) reported a robust revenue growth of 103% year-on-year for the first nine months of FY'26, reaching INR137 crores.
- The company maintained a debt-free status, providing financial stability and flexibility in a high-cost funding environment.
- Modis Navnirman Ltd successfully completed the merger of its wholly-owned subsidiary, enhancing operational alignment and strengthening its balance sheet.
- The company achieved significant strategic progress by securing a key redevelopment mandate with an estimated gross development value of INR250 crores.
- Modis Navnirman Ltd completed the migration to the BSE and NSE main boards, improving governance standards and market visibility.
- The company's gross profit margin dipped slightly due to changes in accounting standards and project completion timing.
- Inventory levels in some projects, such as Rashmi Signature, are moving slower than expected due to delays in sample flat preparations.
- The company faces high competition in the Mumbai redevelopment market, which could impact future project acquisitions.
- There is a concern about the relatively low trading volume of the company's stock, which may affect liquidity and investor interest.
- The company does not engage in pre-sales, which could limit immediate cash flow and financial flexibility.
Good afternoon everyone and welcome to the Q3 and 9 month FY'26 earning call of Modi's Navnirman Limited. Today we have with us Mr. Mehek Modi, CFO and at Factor's IR team. (Operator Instructions)
I now hand the conference over to Mr. Mahek Modi for the opening remarks. Thank you and over to you sir.
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Thank you Danish. Good afternoon ladies and gentlemen. It is my privilege to present the performance update of Moody's Long name Unlimited for the third quarter and 9 months of FY'26.
The period has been transformational for the country is for the company both in terms of the financial performance and strategic progress. We have developed delivered our strongest ever 9 month results and more importantly, we have achieved this while maintaining financial discipline and judicial strategy.
I was speaking on the numbers of the nine months. For the first nine months ending December 30, 2025 our revenue from operations
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