Construction cost volatility
Rising steel and copper prices could pressure margins if not managed through project selection.
MODISNAVNIRMAN / Q3-FY26 / risks
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Modi's Navnirman · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Competition in Mumbai redevelopment
High competition may lead to pricing pressure or slower acquisition of new mandates.
Revenue recognition dependency on project completion
Shift to Ind AS ties revenue to completion percentage; any delays could defer revenue recognition.