Modison profit surges despite ₹19.92 cr fire and hedging hit
Q4 profit tripled against the previous year, with revenue more than doubling to ₹287.32 cr.
— 1 earlier story on Modison Ltd. →What's new
- Q4 profit jumped to ₹36.03 cr from ₹9.54 cr last year.
- Full-year revenue rose 45% to ₹710.33 cr.
- Fire at the Vapi plant and hedging losses forced a ₹19.92 cr exceptional charge.
Why it matters
The company absorbed a fire and hedging losses while still tripling annual profit to ₹72.55 cr. It suggests the core operations have significant scale.
What we're watching
- Insurance recovery timelines for the Vapi plant.
- Silver price volatility affecting hedging costs.
- Whether the new revenue scale holds.
The full read
Modison ended the year with a sharp gain in its bottom line. Quarterly revenue jumped to ₹287.32 crore, up from ₹130.07 crore a year earlier. Annual profit finished at ₹72.55 crore, tripled from the previous ₹24.68 crore.
Performance was dampened by a ₹19.92 crore charge from a fire at the Vapi facility and silver hedging losses.
Management announced a ₹3 per share dividend. Revenue climbed 45% to ₹710.33 crore for the year, proving the company can absorb significant, one-off operating shocks while still delivering high double-digit growth. The next test is whether the firm can clear its hedging hurdles without further exceptional charges hitting the income statement. The momentum is real.