NIRLONBSENirlon LtdMediumNeutral
Announced Tue, 10 Feb · 15:03 IST

The Board approve the investor presentation for the quarter ended December 31, 2025 at their meeting held on February 10, 2026

Investor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nirlon Ltd, a Mumbai-based commercial/IT-ITES real estate company, reported Q3-FY26 total income of INR 1,731 Mn (up 5.6% YoY) with EBITDA of INR 1,349 Mn at a 77.93% margin (down 346 bps YoY). PAT grew 18.9% YoY to INR 693 Mn, with EPS of INR 7.69. For 9M-FY26, total income was INR 5,090 Mn (up 5.1% YoY) and PAT jumped 67.3% to INR 2,754 Mn, boosted by a one-time deferred tax reversal of INR 69.50 Cr after switching to the new tax regime from Q2-FY26. Occupancy at NKP + NH stood at 99.7% with only ~7,800 sq.ft. vacant; Citi renewed ~25,000 sq.ft. The board declared an interim dividend of INR 15 (150%) per share.

Likely market impact

Strong operational performance with near-full occupancy and steady license fee growth supports income stability, though YoY EBITDA margin compression of 346 bps is a watch point. The interim dividend and tax regime switch boosted headline PAT numbers, which may flatter reported profitability versus underlying earnings.