Modison profit triples as revenue climbs 45% despite plant fire
A ₹19.92 cr loss from a Vapi fire and silver hedging did not stop the manufacturer from tripling its annual net profit.
— 1 earlier story on Modison Ltd. →What's new with Modison Ltd.
- Standalone net profit reached ₹36.03 cr in Q4, up from ₹9.54 cr a year prior.
- Full-year revenue grew 45% to ₹710.33 cr.
- Board recommended a final dividend of ₹3 per share.
Why this matters for Modison Ltd.
The company tripled its bottom line despite absorbing a ₹19.92 cr loss. This confirms that demand for its electrical contacts is scaling faster than its localized risks.
What we're watching
- The restoration timeline for the Vapi plant capacity.
- Silver price volatility affecting future hedging outcomes.
- Sustainability of the recent profit growth.
The full read
Modison hit a major milestone in FY26, with annual net profit reaching ₹72.55 crore as revenue rose 45% to ₹710.33 crore. The final quarter was particularly active, with revenue more than doubling to ₹287.32 crore and net profit jumping to ₹36.03 crore against ₹9.54 crore in the same period last year. These results absorbed a ₹19.92 crore charge from a fire at the Vapi plant and silver hedging losses. The board opted to return cash to shareholders, declaring a final dividend of ₹3 per share. These are audited figures, confirming the turnaround is genuine. The next test is whether the company can maintain this pace as it moves past the fire-related losses.