Modi's Navnirman Achieves Record H1 FY26 Profit, Matches FY25 in Just Six Months
Mumbai, November 06th, 2025: Modi's Navnirman Limited, one of Mumbai’s emerging premium real estate developers, has announced its unaudited standalone financial results for the half year ended September 30, 2025 (H1 FY26). The company has delivered its best-ever half-year performance, matching the entire FY25 profit in just six months.
Performance Highlights: - Earned ₹12.01 crore profit in just six months – equal to full-year FY25 profit. - Revenue rose by 127.72% year-on-year to ₹83.39 crore, supported by strong project execution. - EBITDA jumped 207.28% to ₹16.04 crore with improved margins due to better cost control. - Area sold grew 42.50% YoY to 28,500 sq. ft. - Company remains debt-free, giving flexibility for future growth. - Completed handover of “Rashmi Vasudeo”, Borivali (W) — 90 homes delivered on time. - Completed merger of Shree Modis Navnirman Pvt. Ltd., a landmark consolidation in Mumbai’s real estate sector.
Management Comment: Mr. Dinesh C. Modi, Chairman & Managing Director, Modi’s Navnirman Limited, said: “Our strong performance in H1 FY26, achieving the full-year FY25 profit within six months reflects the solid foundation we have built over the years through timely execution, financial prudence, and customer trust. This growth is a result of our focused redevelopment strategy across Mumbai’s western suburbs and our continued commitment to quality, transparency, and value creation.
The successful merger of Shree Modis Navnirman Pvt. Ltd. marks a historic milestone for the Company and the city’s real estate sector, being India’s second listed merger and the first in Mumbai’s property market. This strategic consolidation enhances our scale, strengthens governance, and unlocks operational synergies that will further accelerate our growth.
Our ongoing migration to the Main Boards of BSE and NSE is another defining step that underscores the unwavering trust of our shareholders and positions us for broader market access and greater visibility. These developments collectively reaffirm our vision of building a stronger, more future-ready Modi’s Navnirman. With a debt-free balance sheet, robust project pipeline, and an asset-light model, we are well positioned to capitalize on Mumbai’s rising housing demand and deliver sustained long-term value to all stakeholders.”
