Modi Naturals Limited Q1 profit rises 30% to ₹12.50 crore

Modi Naturals Limited reported consolidated net profit of ₹12.50 crore in Q1 FY27, up 30% year on year, while revenue was broadly unchanged at ₹156 crore compared with ₹155 crore in the year-earlier quarter. The result also showed EBITDA growth of 25.3% and a higher operating margin of 12.4%.

What did Modi Naturals report for Q1 FY27?

Modi Naturals reported consolidated revenue of about ₹156 crore for the quarter ended June 2026, compared with ₹155 crore in the corresponding quarter of the previous year. This represented year-on-year revenue growth of about 0.6%, indicating that sales remained broadly stable despite a sharp sequential decline from the ₹243 crore reported in the March 2026 quarter.

Consolidated net profit stood at ₹12.50 crore, compared with about ₹11 crore in June 2025. The company reported that profit rose 30% year on year. Earnings per share were ₹9.44 for the June 2026 quarter, against ₹7.87 in the comparable quarter a year earlier.

The company also reported EBITDA of ₹21.27 crore for the latest quarter. Its operating profit margin was 12.4%, compared with 10.1% in the June 2025 quarter and 9.2% in the March 2026 quarter. This margin movement was a key feature of the quarter, as revenue growth remained limited.

How did revenue and profitability change during the quarter?

Modi Naturals recorded a 36.2% quarter-on-quarter decline in consolidated revenue, from ₹243 crore in March 2026 to ₹156 crore in June 2026. Net profit also declined sequentially from about ₹20 crore in the preceding quarter to ₹12.50 crore. The reported figures show that the March quarter had a higher revenue and profit base.

However, the company’s expenses were reported to have fallen 37.3% quarter on quarter and 1.6% year on year in the June quarter. The lower expense base coincided with improvement in operating margin. The available information does not specify the individual cost items responsible for the change.

The company has described its Q1 FY27 result as including 25.3% EBITDA growth and a strong ethanol order book. The supplied information does not provide the value, delivery schedule, or counterparties for those ethanol orders. Investors therefore have limited disclosed detail on the potential revenue conversion from the order book.

Why is the margin improvement relevant for Modi Naturals?

Modi Naturals achieved a 12.4% operating profit margin in Q1 FY27, an increase of 2.3 percentage points from 10.1% a year earlier. This occurred despite revenue increasing by only about ₹1 crore year on year. The result indicates that profit growth during the quarter was supported more by the operating cost and margin profile than by a material increase in sales.

The June-quarter operating profit was reported at ₹19 crore, compared with ₹16 crore in June 2025. This compares with EBITDA of ₹21.27 crore stated in the company’s latest quarterly data. The difference reflects that operating-profit and EBITDA figures can be presented under different reporting formats, and the supplied material does not provide a reconciliation.

Modi Naturals describes itself as India’s largest processor of rice bran. Its operations are therefore linked to the edible-oil and rice-bran processing ecosystem, where input costs, product realisations and demand conditions can influence quarterly financial performance. The reported figures provide no quantified breakdown of segment-wise sales or profitability for Q1 FY27.

When will Modi Naturals announce its September-quarter results?

Modi Naturals has scheduled a board meeting for 5 November 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The board meeting intimation was issued on 30 October 2026.

The scheduled results will cover the company’s Q2 FY27 performance and its financial position for the first half of FY27. Since the June-quarter result showed stable year-on-year revenue, higher profit and a strong stated ethanol order book, the forthcoming filing will provide the next reported data point on these operating trends.

The company’s reporting schedule is also relevant because investors will receive both standalone and consolidated numbers. The available material does not provide an estimate, management outlook, or target for the September-quarter result. Any assessment of the next quarter’s financial outcome would therefore require the formal disclosure after the board’s consideration.

What do the latest figures indicate for investors?

For investors, the Q1 FY27 outcome presents two distinct movements. Revenue was nearly flat year on year at ₹156 crore, while net profit increased to ₹12.50 crore and the operating margin improved to 12.4%. The figures show better profitability on a largely unchanged revenue base, although they also show lower sales and profit than in the immediately preceding March quarter.

For the full year ended March 2026, Modi Naturals recorded total revenue of ₹719.18 crore, gross profit of ₹170.54 crore and net income of ₹50.28 crore, based on the financial information provided. The June 2026 quarter therefore began FY27 with revenue equivalent to roughly one-fifth of the prior year’s reported annual revenue, though quarterly performance is not necessarily evenly distributed across a financial year.

The company has also reported physical share-transfer requests under a special window. That disclosure concerns shareholder servicing and is separate from the June-quarter operating result. No share-price movement, valuation metric, dividend decision, or capital-allocation announcement was provided in the source material.

Conclusion

Modi Naturals began FY27 with consolidated revenue of about ₹156 crore, broadly in line with the prior-year quarter, and net profit of ₹12.50 crore, up 30% year on year. The principal financial change was the rise in operating margin to 12.4%, supported by lower reported expenses and higher operating profitability.

The next confirmed event is the 5 November 2026 board meeting to approve the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. Investors will watch the reported revenue trend, operating margin and any additional disclosure on the ethanol order book when those results are released.