Modi's Navnirman reports robust half-year growth, plans exchange migration

Modi's Navnirman Limited reported significant growth for the first half of FY26, with revenue reaching ₹83.39 crores, a 128% year-on-year increase. EBITDA surged by 164% to ₹16.04 crores, and Profit After Tax (PAT) grew by 165% to ₹12 crores, matching the full financial year's PAT from the previous year. The company remains debt-free, attributing its financial prudence to timely project completion, typically within two years.

Strategic milestones include the successful merger of its subsidiary, Shri Modi's Navnirman Private Limited, and plans to migrate from the BSE SME platform to the main boards of BSE and NSE, aiming to enhance liquidity and visibility. The company also announced the establishment of the Modi's Navnirman Foundation to promote sustainability, education, and community development.

Modi's Navnirman is focusing on expanding its redevelopment portfolio in Mumbai's western suburbs and other MMR regions, with two out of three upcoming projects having secured approvals and set to commence demolition this month. The company aims to maintain its current profit levels for FY26, with the completion of another project in Rashmi Celestia expected to further boost results.