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MODISNAVNIRMAN Diversified 09 Feb 2026

Modi's Navnirman Ltd — Q3 FY26

Modi's Navnirman delivered a stellar 9M FY26 with revenue of ₹137 Cr (+103% YoY), EBITDA of ₹30.89 Cr (+102% YoY), and PAT of ₹24.77 Cr (+105% YoY).

bullish high
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Revenue ₹54 Cr +103%
EBITDA ₹31 Cr +102%
PAT ₹13 Cr +105%
EBITDA Margin 26.99%
Duration 45 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Construction cost volatility

Rising steel and copper prices could pressure margins if not managed through project selection.

medium · analyst_question
R

Competition in Mumbai redevelopment

High competition may lead to pricing pressure or slower acquisition of new mandates.

medium · analyst_question
R

Revenue recognition dependency on project completion

Shift to Ind AS ties revenue to completion percentage; any delays could defer revenue recognition.

low · data_observation