Modi's Navnirman Ltd. · NSE:MODIS
Modi's Navnirman — H1 FY2027 Earnings Presentation
33 slides from Modi's Navnirman's earnings presentation, Oct 24, 2026
Slide 1: Submission of Investor Presentation Q2 & H1 FY2026-27
MODIS NAVNIRMAN Dated: 24/10/2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relationship Dept., Plot No. C/1, G’ Block, Phiroze Bandra-Kurla Complex, Jeejeebhoy Towers, Bandra (E), Mumbai — 400 051 Dalal Street, Fort, Symbol/ Scrip Code —- MODIS Mumbai —
Slide 2: We Build Homes
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Slide 3: Disclaimer
il MODIS NAVNIBMAN Disclaimer Certain statements in this communication may be ‘forward-looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ mate
Slide 4: Table of Contents
- [able of Contents
Slide 5: Management Commentary - H1 FY27
MANAGEMENT COMMENTARY- H1 FY27 “Modis Navnirman Limited delivered a strong performance in H1 FY27, with revenue from operations growing 53% year-on-year to X127.64 crore, EBITDA increasing 63% to %26.19 crore, and PAT rising 59% to X19.08 crore. This performance reflects our focus on operational eff
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Slide 7: Modis Navnirman Limited - Building Homes with Love
MODIS NAVNIRMAN LIMITED-BUILDING HOMES WITH LOVE AND D PURPOSE MR STRONG FINANCIAL PROFILE ON & PHILOSOPHY Founded by Mr. Dinesh C. Modi Asset-light, capital-efficient Creating spaces that inspire and in 2009 business model enrich lives Emerging premium real estate Strong cash flows and sales Vision
Slide 8: Our Portfolio - Development Area
OUR PORTFOLIO-DEVELOPMENT AREA uuuuuuuuu 7.22 lakh sqg.ft. 12.11 lakh sq.ft. 10.50 lakh sg.ft. 28.83 lakh sq.ft. Completed Projects Ongoing Project Potential Launches Tatal Portfolio = 1] | j | | 14 6 5 25 PROJECTS PROJECTS PROJECTS TOTAL DELIVERED ONGOING T0 BE LAUNCHED PORTFOLD
Slide 9: Key Performance Highlights - H1 FY27
KEY PERFORMANCE HIGHLIGHTS - H1 FY27 uuuuuuuuu aall REVENUE EBITDA PAT EARNING PER SHARE 127.64 Cr %26.19 Cr 19.08 Cr 29.72 A 53%YaY A B3%YoY A 39% YoY A 99% Yo in HIFY27 inHIFYZ7 in HIFY27 in HI FY27 Note : This figures are actual and not projected
Slide 10: Project Till Date Synopsis - Key Development Properties H1 FY27
PROJECT TILL DATE SYNOPSIS — KEY DEVELOPMENT PROPERTIES H1 [j[) FY27 e = 2 = Financial Update Investment Properties Development Properties Project Name Saleable Carpet Area Ar.?ii;l%::tmi Inv:::;;ias E:mr:jIZ:itnn (sq. ft. in lakh) (sq. ft. in lakh) (sq. ft. in lakh) (%) Rashmi Square 0.82 0.74 0.08
Slide 11: Financial Highlights
il MODIS NAVNIRMAN Financial Highlights
Slide 12: Financial Performance H1 FY27
FINANCIAL PERFORMANCE H1 FY27 MEIEIS NAVNIRMAN Every key metric grew 50%+ year-on-year 127.64 - 26.19. 19.08 - A 53% YoY +44.25 Cr added A 63% YoY +10.14 Cr added A 59% YoY +7.08 Cr added H1 FY27 H1 FY27 H1 FY27 H1FY26 H1FY26 H1FY26 83.39 16.05 12.00 MARGINS (H1 FY26 - H1 FY27) EBITDA 19.2% ->20.5%
Slide 13: Operational Highlights - H1 FY27
OPERATIONAL HIGHLIGHTS - H1 FY27 --------- 12784 25724 20208 / 23788 — 97 - % 33% a%% 83.39 / 613 213% 5414 HIFY2E HIFY27 HIFY2E HIFY27 HIFY26 HIFYZ7 HIFY26 HIFYZ7 Sales Value Revenue Realisation Earning Per Share (INRCr) (INRCr) (INR/Sq.Ft.) Note: Prior-period operational and financial figures have
Slide 14: Project Progress, Sales Volume & Value - H1 FY27
PROJECT PROGRESS SALES VOLUME & VALUE - H1 FY27 MEIDD.S Projects Location Slab Completion Sal(essq\llalll.;me S?II;;‘II:H:;IE Rashmi Square Borivali (W) - Linking Road Residential & Commercial 22nd Slab Completed 13,646 33.08 Rashmi Signature Malad (W) - S.V. Road Residential 20th Slab Completed 18,
Slide 15: Revenue Visibility - Ongoing Projects
REVENUE VISIBILITY - ONGOING PROJECTS Mcfialonls % Completion as on Total Sales value Sales value Book Revenue Recognised Sales value Book Revenue Recognised Estimated Sale Value of unsold Total Revenue Potential Projects 30 Sep 2026 Estimated (INR Cr) ~ Till 31 Mar 2026 (INR Cr) ~ Till 31 Mar 2026 (
Slide 16: Inventory Visibility - Ongoing Projects
INVENTORY VISIBILITY - ONGOING PROJECTS MEEI,S NAVNIBMAN Projects Bn:;rlllplsegl'i,n;uazsfinn Earl:‘lallrea N ) ez Snld(lsiul‘l‘ll)Mar ek AIZ‘:LE;“:‘E:‘I Unsold Carpet Area (Sg.ft.) (Sgft) (Sgft) [0) (ii) (iii) (iv) (V) (Vi) (vii) Rashmi Square 80.11% 82,000 49,491 27,975 13,646 7,870 Rashmi Signatur
Slide 17: Consolidated Profit and Loss - Q2 & H1 FY27
CONSOLIDATED PROFIT AND LOSS - Q2 & H1 FY27 Particulars o1 FY27 0-0-0 (%) Revenue from Operations 69.38 58.26 19% 127.64 83.39 53% Dther income 0.16 0.49 0.65 0.42 Total income 69.54 58.75 18% 128.30 83.81 53% Cost of Projects 51.84 44.92 96.76 66.95 Changes in Inventories 1.08 (0.04) 1.02 (2.48) To
Slide 18: Key Project Metrics - H1 FY27
KEY PROJECT METRICS - H1 FY27 MODIS nnnnnnnnn INR Cr Projects Revenue Spends Rashmi Square 36.59 31.16 Rashmi Signature 41.31 30.69 Rashmi Delight 13.83 10.49 Rashmi Manorath 7.52 6.76 Rashmi Icon 7.97 4.72 Rashmi Avenue 6.07 2.21 Rashmi Celestia 11.04 11.06 Old Projects 3.31 1.73 Total 127.64 98.83
Slide 19: Indian Real Estate Industry
ah MODIS NAVNIRMAN Indian Real Estate Ind " £ | M| ] = A= o W m,‘ RASHMI ICON iy linMeRis
Slide 20: Indian Real Estate Sector Overview & Growth Outlook
INDIAN REAL ESTATE SECTOR OVERVIEW & GROWTH OUTLOOK MEIDD,S NAVNIBMAN Macro Growth Drivers /_)7 7.1% FY27 GDP forecast (RBI); Average home size up ~35% (5 years) fl 7.8% in Q1 FY27 Zl crore+ homesrose from 15% to 55% market 14-20% GDP by 2047 share (2018-9M 2026) O indiajsiReallEstatelMarket USDIOS(2
Slide 21: Segment Outlook - 2026 Performance & Growth Trajectory
SEGMENT OUTLOOK | 2026 Performance & Growth Trajectory il MODIS NAVNIBMAN A% ooo Residential Office / Commercial [=—= 2026 now Long-term outlook 2026 now Long-term outlook + GCCs: 1,700 = 2,400+ by 2030 * USD 438.5B market size (2026) . 9.9% CAGR to USD 702B by 2031 * 70-75 MSF leasing expected in 2
Slide 22: Growth Drivers & Risks
GROWTH DRIVERS & RISKS N MODIS NAVNIBMAN Structural Tailwinds vs. Key Watch Factors A GROWTH DRIVERS — NOW & LONG TERM W KEY RISKS & WATCH FACTORS « RBlrate cuts: Home loan rates at 8.35%, yet affordability pressures may dampen « GCC Growth: 1,700 - 2,400+ by 2030; key office demand driver housing d
Slide 23: WRR
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Slide 24: i gy S, psu
~~~~~~~~~ Focus on MHADA, SRA & Society Redevelopment, All developments located near key ensuring low land cost and steady margins suburban hubs and transit corridors Robust development pipeline of 6+ lakh Strong track record in micro-markets like Malad, sq. ft. combining residential towers with Kan
Slide 25: Rashmi Signature
Ongoing Project Rashmi Signature Redefine Luxury Living, Malad (W) e 22 Storey Building with 3 Wings e 208 Flats, 2 Podium Project Year — May 2024 To be Completed — 2027 Total Area —2,70,000 Sq. ft. Location —S.V. Road, Malad (W) “Signature Homes That ) RASHMI Define Modern Eleganc: it 2 e MODIS NAV
Slide 26: Rashmi Square
Ongoing Project ) Rashmi; )i’ 1 ' Square b Elegant Living, |'.: Borivali (W) ’: \‘ | ® 22 Storey Building with 2 Wings | l ‘ e 133 Flats, 10 Shops, 3 Office, | 2 Podium ' Project Year — Dec 23 To be Completed — 2027 Total Area — 1,75,000 Sgq. ft. Location — Linking Road, Borivali (W) “Not just a Spa
Slide 27: Rashmi Manorath
Ongoing project ol MODIS NAVNIRMAN Rashmi Manorath 19 Storey Building with 87 Flats & 2 Podium .g Project Year —Jan 24 =® To be Completed — 2027 Total Area —1,11,000 Sq. ft. Location — Datta Pada Road, Borivali (E) “A distinctive address for modern living” -
Slide 28: Rashmi Delight
Ongoing Project Rashmi Delight 22 Storey Building with 63 Flats & 3 Shops with 4 Podium Project Year —Jan 25 To be Completed — 2027 Total Area — 55,000 Sq. ft. Location — Shantilal Modi Road, Kandivali (W) “A refined address for ........
Slide 29: Rashmi Icon
Ongoing Project MODIS N3 NN\ ey Rashmi 3AN Icon A Landmark Address in the Heart of the City A e 22 Storey Building with 2 Wings ® Premium Residences o e Retail Spaces Project Year — Dec 2023 To be Completed — 2027 Total Area — 1,75,000 Sq. ft. Location — Linking Road, 32 B ‘! Borivali (W) S - ol o 3
Slide 30: Rashmi Avenue
Ongoing Project 2N nnnnnnnnn YW riereeiives kf Rashmi "‘-!fi;-z. g‘?&SEEEELiE Avenue Contemporary Living, Connected for More T e 18 Storey Building with 2 Wings o ol i o ® Premium Residences o = e Retail Spaces A — o = e Project Year — Dec 2024 = To be Completed — 2027 R R— e Total Area —1,40,000 Sq.
Slide 31: Rashmi Sheetal and Rashmi Paradise
L | = .|I.imfll nLMm..milr,I ufl.. Rashmi Sheetal N grff e ‘ % N w “.gn Wy mnmools = g Mfl XZfifififlfl, , 3<2 //w//////fig ,nu §¢4¢¢¢4¢4¢¢: « w Rashmi Paradise A///ffifififi Efl ANERRRRE RRS VTS ««fl««
Slide 32: Upcoming Projects
Upcoming Projects Rashmi Aurea Govind Dalvi Nagar (i Khar (West) Kandivali (East) Rashmi Royale Kandivali (West) 7 7 2, o -—-—-——( ome | odwar _omon ¢
Slide 33: Thank you
il MODIS NIA B A MODIS .ADFACTORSPR Reputation &Griical ssues Advisory NAVNIRMAN Thank you R Modis Navnirman Limited Mahek Modi | CFO Adfactors IR Team Saloni Nagvekar Rahul Viswanathan [email protected] Rahul [email protected]