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Awaiting price reaction for this filing.
Nicco Parks & Resorts submitted copies of newspaper advertisements (Business Standard and Ekdin) published on August 14, 2025, containing its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, total income rose to Rs 2,629.48 lakhs (vs Rs 2,474.34 lakhs in Q1 FY25), and profit after tax jumped sharply to Rs 1,939.75 lakhs (vs Rs 749.77 lakhs YoY), with EPS at Rs 4.14. On a consolidated basis, however, the company slipped into a loss of Rs 315.77 lakhs (vs a profit of Rs 878.50 lakhs in Q1 FY25), with a negative EPS of Rs (0.67). The Board approved an interim dividend of 100% (Re. 1 per share) for FY26. The results carry a note that the park and F&B business is seasonal, and a key risk: the original 33-year land lease expired on February 28, 2023, and renewal with the West Bengal Tourism Department remains pending.
Strong standalone earnings and a 100% interim dividend are positives for shareholders, but the consolidated loss and unresolved land lease renewal remain key overhangs on the stock. Investors should watch for the lease renewal outcome, which is critical to the going concern assumption.