The Board of Directors of the Company at their meeting held on November 14,2025 approved and taken on record , Interalia; the UAFR for the quarter and half year ended September 30,2025 ....
NIRLON · price
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Nirlon Ltd's board approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025) on November 14, 2025, with a clean limited review report from SRBC & Co LLP. Q2 total income rose 3.9% YoY to Rs 168.9 crore, with EBITDA of Rs 132.9 crore at 78.69% margin. H1 total income grew 4.8% YoY to Rs 335.9 crore, with EBITDA of Rs 264.8 crore at 78.83% margin. Q2 PAT jumped to Rs 147.7 crore and H1 PAT doubled to Rs 206.1 crore (up 93.9% YoY), but this is largely driven by a one-time reversal of Rs 69.5 crore in deferred tax liability after the company moved to the new concessional tax regime from Q2 FY26. Underlying PBT growth was a more modest 11.2% in H1. The company leased about 260,000 sq ft to Deutsche Bank, Barclays, MUFG, Citi and EY during the quarter, occupancy stood at 98.6%, and it paid a final dividend of Rs 11 per share for FY25.
The headline PAT growth looks dramatic but is mostly a non-repeatable accounting boost from the tax regime switch — operational performance is steady mid-single-digit revenue growth with stable margins. Positive takeaways include high occupancy, strong tenant additions, and a 1.90x net debt to EBITDA ratio, but the headline earnings print should not be extrapolated.