Modis Navnirman Soars: Record H1 FY26 Profit, Strategic Mergers, and Main Board Migration

Modis Navnirman Limited, a rapidly expanding real estate developer in Mumbai, has announced exceptional financial results for the first half of fiscal year 2026 (H1 FY26). The company achieved a remarkable feat by matching its entire fiscal year 2025 profit within just six months, signaling robust operational efficiency and strategic foresight. Revenue from operations surged by an impressive 127.72% year-on-year to INR 83.39 crore, while Profit After Tax (PAT) witnessed an even more substantial increase of 164.54% year-on-year, reaching INR 12.01 crore. This stellar performance is underpinned by strong project execution and prudent financial management, reinforcing Modis Navnirman's position as a key player in Mumbai's dynamic real estate landscape.

The company's growth is not merely confined to financial metrics; it is also reflected in significant operational achievements. Modis Navnirman successfully sold 28,500 square feet of area, marking a 42.50% year-on-year increase. This sales momentum was supported by strong project execution across its portfolio. Key projects like Rashmi Celestia and Rashmi Signature contributed significantly to the revenue, generating INR 20.94 crore and INR 15.22 crore respectively. The company's asset-light and capital-efficient business model, focused on partnership-driven redevelopment, continues to ensure steady growth and healthy operating cash flows. This approach minimizes debt while maximizing returns, allowing for sustainable expansion.

Strategic Milestones Paving the Way for Future Growth

H1 FY26 has been a period of transformative strategic milestones for Modis Navnirman. The company successfully completed a fast-track merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited. This consolidation is a landmark event, being India's second listed merger and the first in Mumbai's real estate sector. The merger, approved by over 90% of shareholders, is set to enhance Modis Navnirman's scale, strengthen governance, streamline business processes, and unlock operational synergies, thereby accelerating its growth trajectory.

Following this, Modis Navnirman Limited achieved another significant milestone by successfully migrating from the SME Platform to the Main Board of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), effective November 14, 2025. This migration is expected to significantly enhance the company's visibility, liquidity, and credibility among institutional and retail investors, opening new avenues for broader market access and capital. These strategic moves collectively reaffirm the company's commitment to transparent reporting, strong financial discipline, and consistent value creation.

Operational Excellence and Market Positioning

Modis Navnirman's operational excellence is evident in its commitment to timely project delivery and customer satisfaction. In H1 FY26, the company successfully handed over the