Transcript of the Investors'' Earnings Call held on June 05, 2026 on the Audited Standalone and Consolidated Financial Results for the Quarter and year ended March 31, 2026.
Price
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NIS Management reported FY26 consolidated revenue of INR 436.70 crores, up 7.74% YoY, with EBITDA of INR 33.53 crores (margin 7.68%, +30 bps). Q4 FY26 revenue grew 13.96% YoY to INR 180.03 crores with EBITDA margin expanding 115 bps to 9.41%. Reported PAT was hit by a one-time non-cash exceptional provision of INR 27.82 crores related to the new Labor Codes; adjusted FY26 PAT stood at INR 19.12 crores. Management guided 12–15% consolidated revenue growth for FY27, targeting INR 500 crores, and highlighted expected margin support from a recovery in the CCTV business and renewed flow of government skill-development contracts. ICRA upgraded the long-term rating outlook on the company's BBB+ rating from stable to positive.
The one-time Labor Code provision masked an otherwise steady operating year, and the FY27 revenue guidance of INR 500 crores plus positive rating outlook could be incrementally positive for the stock. However, management itself flagged a balanced approach—prioritizing margin and cash flow over aggressive top-line growth—which may temper near-term valuation re-rating.