MODIS

What Modis Navnirman promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 2 delivered 3 missed 10 open
  • Project Launch missed said Q3 FY26 Promised: Launch Rashmi Avenue in the next month (Q4 FY26) Q1 FY27: Missed. The project was not launched in Q4 FY26 as promised. It was reported to be in the 'initial plinth stages' in Q1 FY27, confirming the delay.
  • EBITDA Margin revised down said Q4 FY26 Promised: Return to previous levels (FY25: ~28%) in FY27 Q1 FY27: Revised down. Q1 FY27 margin was 19.99%. Management abandoned the recovery target and issued new guidance to 'maintain everything a 19%-20% margins'.
  • Revenue from Operations on track said Q3 FY26 Promised: INR 200 crores to INR 230 crores in FY27 Q1 FY27: On track. Q1 revenue of INR 58.26 crores annualizes to INR 233 crores, which is at the upper end of the guided range.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 15 tracked commitments for Modis Navnirman — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens