Unaudited Financial Results (Standalone and Consolidated) for the First quarter ended June 30, 2025, alongwith Limited Review Reports.
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Nicco Parks & Resorts reported Q1 FY26 standalone revenue from operations of Rs. 2,629.48 lakhs, up about 6.3% from Rs. 2,474.34 lakhs in Q1 FY25, driven mainly by the Park Operations segment. Standalone net profit jumped to Rs. 1,939.75 lakhs (EPS Rs. 4.14) from Rs. 749.77 lakhs (EPS Rs. 1.60) a year ago, but this was largely fuelled by an exceptional gain of Rs. 1,540.95 lakhs from the buyback of shares of associate company Nicco Engineering Services Ltd (NESL). On a consolidated basis, the same transaction turned into a Rs. 1,409.89 lakhs exceptional loss, dragging the company into a consolidated net loss of Rs. 315.77 lakhs (negative EPS of Rs. 0.67) versus a profit of Rs. 878.50 lakhs last year. The Board declared a 100% interim dividend (Re. 1 per share) with record date August 22, 2025. The auditor Lodha & Co LLP gave an unmodified limited review conclusion but flagged a material going concern uncertainty linked to the unresolved renewal of the park's land lease (expired February 2023), which remains pending with the West Bengal Government.
Standalone headline PAT looks very strong, but retail investors should note it is mostly a one-time windfall from the NESL buyback; the core operating business is seasonal and the consolidated picture actually shows a loss. The unresolved 33-year land lease renewal is the key risk — a negative outcome could affect the company's ability to continue operations, as flagged by the auditor. The 100% interim dividend is a positive cash return for shareholders pending the lease clarity.