Modi's Navnirman

Modi's Navnirman delivered a stellar 9M FY26 with revenue of ₹137 CrCurrent reported value: ₹137 Cr. No comparable prior figure is available in the source record. (+103Current reported value: 103. No comparable prior figure is available in the source record.% YoY), EBITDA of ₹30.89 CrCurrent reported value: ₹30.89 Cr. No comparable prior figure is available in the source record. (+102% YoY), and PAT of ₹24.77 CrCurrent reported value: ₹24.77 Cr. No comparable prior figure is available in the source record. (+105Current reported value: 105. No comparable prior figure is available in the source record.% YoY). The quarter was boosted by the completion of the Rashi Vasuv project (90 flats delivered) and a shift to Ind AS revenue recognition, which accelerated revenue booking. Management guided for FY26 full-year revenue of ~₹180 Cr and FY27Current reported value: 27. No comparable prior figure is available in the source record. revenue of ₹200-230 CrCurrent reported value: ₹200-230 Cr. No comparable prior figure is available in the source record., with EBITDA margins sustaining at 22-25%Current reported value: 22-25%. No comparable prior figure is available in the source record.. The company remains debt-free and secured a new redevelopment mandate in Borivali West (GDV ₹250 CrCurrent ₹250 Cr. Reported change: N/A.). Key risks include potential construction cost volatility and competition in Mumbai's redevelopment market, though management expressed confidence in demand and pricing stability.