The Board of Directors of the Company took on record the Investor Presentation for the Quarter ended June 30,2025
NIRLON · price
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Nirlon reported Q1 FY26 total income of INR 1,671 Mn, up 5.8% year-on-year, driven by 3.7% growth in license fees to INR 1,452 Mn. EBITDA came in at INR 1,319 Mn with margins expanding 186 basis points YoY to 78.93%, while PAT grew 17.3% YoY to INR 584 Mn (PAT margin 34.95%, up 341 bps). Occupancy stood at 97.5% across Nirlon Knowledge Park and Nirlon House combined. On the leasing front, Deutsche Bank, Barclays, MUFG, Citi and EY took up or agreed to take up ~269,000 sq.ft. of the previously vacant space, and Citi renewed ~196,000 sq.ft. Total debt outstanding from HSBC is INR 1,150 Cr (CRISIL AA+/Stable reaffirmed), with the loan spread revised higher from 200 bps to 233 bps. The Board has also proposed a final dividend of INR 11 per share for FY25, subject to AGM approval.
Strong quarterly performance with margin expansion and high occupancy reinforces Nirlon's stable, lease-driven business model, but a higher borrowing spread and proposed dividend are modest near-term considerations. Shareholders benefit from a consistent dividend track record and improving returns (FY25 ROE of 61.1%).