Please find attached Audited Standalone and Consolidated Financial Result for the quarter and financial year ended 31st March, 2026 along Auditor Report with modified opinion.
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Nicco Parks & Resorts reported FY26 standalone revenue of Rs 6,634.67 lakhs (down 11.6% from Rs 7,501.67 lakhs in FY25) and PAT of Rs 1,970.81 lakhs (up 5.1% from Rs 1,874.93 lakhs). Q4 FY26 showed a net loss of Rs 72.87 lakhs. The auditors issued a Qualified Opinion on both standalone and consolidated results due to uncertainty surrounding repossession of ~1.46 acres of land by the Department of Tourism, Government of West Bengal (effective November 8, 2025) used for F&B operations. The auditors also flagged going concern uncertainty pending formalization of lease agreements (original lease expired February 2023). An exceptional item of Rs 1,540.95 lakhs was recorded from the sale of Nicco Engineering Services Limited shares (buyback reduced stake from 31.87% to 9.16%). The Board recommended a final dividend of 25% (Rs 0.25/share) in addition to 100% interim dividend already paid.
The qualified auditor opinion and going concern flag signal elevated risk. The land repossession and unresolved lease renewal create operational uncertainty that could affect future earnings, particularly the F&B segment which contributed Rs 705.76 lakhs to annual revenue. Shareholders should monitor lease formalization and board compliance status.