Modi's Navnirman Reports Strong H1 Performance: Net Profit Rises to ₹120 Crore

Modi's Navnirman Limited, a prominent player in the real estate sector, has announced its financial results for the first half of the fiscal year 2025-26, showcasing remarkable growth across key financial metrics.

Revenue for the first half of the fiscal year 2025-26 surged by 129.20% to ₹839.00 crore, compared to ₹366.00 crore in the same period last year. This significant year-over-year growth indicates strong market demand for the company's offerings, suggesting a recovering real estate market in India.

The company's bottom line also witnessed a dramatic improvement. Net profit for H1 FY2025-26 stood at ₹120.00 crore, up from ₹45.00 crore in the corresponding period of the previous year. This represents a remarkable 166.70% increase in net profit, underscoring the company's ability to enhance profitability alongside revenue growth.

The unaudited financial results, as approved by the Board of Directors on November 4, 2025, reveal several key aspects of Modi's Navnirman's operations:

1. Inventory Management : The company reported inventories of ₹14,917.77 crore as of September 30, 2025, indicating a robust pipeline of projects. 2. Cash Position : Cash and cash equivalents stood at ₹258.64 crore, reflecting a strong liquidity position. 3. Borrowings : The company has maintained a relatively low level of borrowings, with long-term borrowings at ₹100.16 crore. 4. Equity : Total equity increased to ₹11,760.45 crore, up from ₹10,559.98 crore at the end of the previous fiscal year, indicating retained earnings and a stronger balance sheet.

The strong financial performance of Modi's Navnirman may be indicative of a recovering real estate market in India. The significant growth in both revenue and profitability suggests that the company has been successful in project execution and sales, potentially capitalizing on pent-up demand in the housing sector.

Investors and market analysts are likely to view these results positively, as they demonstrate the company's ability to grow substantially even in a challenging economic environment. The real estate sector, which has faced headwinds in recent years, may see renewed interest if other players in the industry also report similar growth trends.

As Modi's Navnirman continues to strengthen its market position, stakeholders will be keen to observe if this growth trajectory can be maintained in the coming quarters, especially given the cyclical nature of the real estate industry.

Modi's Navnirman, founded by Dinesh Modi, is a leading player in Mumbai's redevelopment real estate sector. The company has a strong track record of successful project execution and has been at the forefront of innovative real estate development in the region. The recent merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited, further strengthens its position in the market, marking a significant milestone in the company's growth trajectory.