Modison Reports Q1 FY27 Revenue of ₹2.7 Billion and ₹338.4M Net Profit

MUMBAI — Modison Limited reported a consolidated revenue from operations of ₹2,704.67 million (approx. ₹2.7 billion) for the first quarter of fiscal year 2026–27 (Q1 FY27) ended June 30, 2026, up more than 100% compared to ₹1,341.357 million (approx. ₹1.34 billion) recorded in the same period last year.

The board of directors approved the unaudited standalone and consolidated financial results during its meeting on August 13, 2026. Alongside the earnings, the board approved a proposal to divest its 100% equity stake in its wholly owned subsidiary, Modison HV Private Limited.

Modison Q1 FY27 Financial Highlights

During Q1 FY27, the company delivered a robust operational performance across key earnings parameters.

(Note: Figures compiled from consolidated financial disclosures submitted to stock exchanges).

Operating Costs and Exceptional Items Detail

Cost of materials consumed represented the primary operating cost for the quarter at ₹2,464.727 million, compared to ₹1,101.477 million in Q1 FY26. Total employee benefit expenses stood at ₹67.763 million, while finance costs were ₹43.134 million. Depreciation and amortization expenses were reported at ₹23.090 million.

The company recorded exceptional losses of ₹2.770 million during the quarter. This included:

• A loss of ₹3.896 million on hedging of silver in stock.

• A gain of ₹1.126 million on mark-to-market forward contracts.

Board Approves Divestment of Wholly Owned Arm

In a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, Modison Limited announced board approval to divest its entire 100% equity stake in subsidiary Modison HV Private Limited (MHVPL).

• Target Entity: Modison HV Private Limited (formerly Modison Contacts Private Limited).

• Financial Contribution: The subsidiary generated nil income in the last financial year and held a net worth of ₹2.825 million.

• Consideration Value: Estimated at ₹2.768 million based on valuation.

• Buyers: Mr. Girdhari Lal Modi and Mr. Kumar Jay Modi, members of the Promoter and Promoter Group.

• Transaction Terms: Conducted as a Related Party Transaction on an arm’s length basis.

• Expected Completion: Share Sale Agreement and disposal execution target on or before September 12, 2026.

Official Sources Section

Statements, financial disclosures, and strategic decisions in this report are sourced directly from Modison Limited’s regulatory submission to the BSE Limited and National Stock Exchange of India Limited (NSE) dated August 13, 2026.

Quote Section

"The Board of Directors has considered and approved the proposal for divestment of 100% equity stake/investment held by the Company in its wholly owned subsidiary, M/s. Modison HV Private Limited," stated Pooja Birendra Sinha, Company Secretary & Compliance Officer of Modison Limited, in an official filing.

Why It Matters

The top-line expansion year-on-year highlights increased activity in electrical switchgear contact manufacturing. Meanwhile, the divestment of non-operating subsidiary assets streamlines the group's corporate structure without impacting primary manufacturing revenues.

Key Facts at a Glance

• Q1 FY27 Revenue: Consolidated revenue from operations reached ₹2,704.67 million.

• Net Profit Surge: Net profit jumped to ₹338.448 million from ₹48.097 million in Q1 FY26.

• Earnings Per Share: Basic and Diluted EPS came in at ₹10.43 for the quarter.

• Subsidiary Sale: 100% stake in Modison HV Private Limited to be sold to promoter group entities for ₹2.768 million by September 12, 2026.

Frequently Asked Questions (FAQ)

What were Modison Limited's main Q1 FY27 revenue figures?

Modison reported consolidated operational revenue of ₹2,704.67 million (approx. ₹2.7 billion) for Q1 FY27.

How much net profit did Modison record in Q1 FY27?

The company posted a consolidated net profit of ₹338.448 million (approx. ₹338.4 million) for the quarter ended June 30, 2026.

What entity is Modison divesting?

Modison Limited is divesting its 100% equity stake in wholly owned subsidiary Modison HV Private Limited to promoter group members.

Source: Official corporate filing submitted to BSE Limited and National Stock Exchange of India Limited under SEBI (LODR) Regulations, 2015