Exhicon FY26 Revenue Crosses ₹205 Crore; PAT Surges 49.54% to ₹45.24 Crore

5 min read     Updated on 18 May 2026, 02:29 PM
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Exhicon Events Media Solutions delivered its strongest-ever FY26 performance with consolidated revenue of ₹205.46 Crore (up 40.25% YoY), PAT surging 49.54% to ₹45.24 Crore, and shareholders' profit rising 56.54% to ₹40.70 Crore. The company's consolidated net worth expanded 72.52% to ₹212.25 Crore, total assets rose 85.34% to ₹264.26 Crore, and cash & bank balances grew 144.39% to ₹28.57 Crore, underpinned by its integrated exhibitions, VAS and convention infrastructure platform strategy.

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Exhicon Events Media Solutions held its Board of Directors meeting on Monday, May 18, 2026, through video conferencing, approving audited financial results for the half year and year ended March 31, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also issued a press release under Regulation 30 announcing its strongest-ever financial performance, marking a transformational year in its evolution into an integrated exhibitions, convention infrastructure and Venue As A Service (VAS) platform. The statutory auditors, M/s. Piyush Kothari & Associates, issued an audit report with an unmodified opinion on both the standalone and consolidated financial results. The intimation was signed by Pranjul Jain, Compliance Officer and Company Secretary.

Consolidated Financial Performance

On a consolidated basis, Exhicon Events Media Solutions delivered robust growth for the year ended March 31, 2026. Total revenue rose to ₹20,546.01 lakhs (₹205.46 Crore) from ₹14,649.95 lakhs in the previous year, representing year-on-year growth of over 40%. Consolidated Profit After Tax (PAT) rose sharply to ₹45.24 Crore, while profit attributable to shareholders increased to ₹40.70 Crore — up 56.54% YoY — demonstrating strong earnings momentum and operating leverage across the platform. Profit before tax stood at ₹5,050.02 lakhs versus ₹3,573.65 lakhs in the prior year. After accounting for total tax expense of ₹525.58 lakhs and minority interest of ₹454.90 lakhs, net profit attributable to shareholders was ₹4,069.54 lakhs, up from ₹2,599.74 lakhs.

The following table summarises the consolidated income statement for the year ended March 31, 2026 (₹ in Lakhs):

Metric: FY26 (Audited) FY25 (Audited) Change (%)
Revenue from Operations: ₹20,270.05 ₹14,351.22 +41.24%
Other Income: ₹275.97 ₹298.73
Total Revenue: ₹20,546.01 ₹14,649.95 +40.25%
Total Expenses: ₹15,495.99 ₹11,076.30
Profit Before Tax: ₹5,050.02 ₹3,573.65 +41.31%
Total Tax Expense: ₹525.58 ₹548.02
Net Profit (after minority interest): ₹4,069.54 ₹2,599.74 +56.54%
Basic EPS (₹): 27.56 20.06 +37.39%
Diluted EPS (₹): 24.80 15.56

For the half year ended March 31, 2026, consolidated total revenue was ₹10,258.00 lakhs versus ₹8,118.73 lakhs in the corresponding period of the previous year. Net profit after minority interest for the half year stood at ₹1,974.11 lakhs, compared to ₹1,616.71 lakhs.

Standalone Financial Performance

On a standalone basis, the company reported total revenue of ₹8,698.24 lakhs for the year ended March 31, 2026, compared to ₹7,056.65 lakhs in the prior year. Revenue from operations grew to ₹8,530.18 lakhs from ₹6,967.17 lakhs. Profit before tax was ₹2,088.30 lakhs versus ₹1,617.29 lakhs, and net profit for the year was ₹1,562.72 lakhs compared to ₹1,210.25 lakhs.

The following table summarises the standalone income statement for the year ended March 31, 2026 (₹ in Lakhs):

Metric: FY26 (Audited) FY25 (Audited)
Revenue from Operations: ₹8,530.18 ₹6,967.17
Other Income: ₹168.06 ₹89.48
Total Revenue: ₹8,698.24 ₹7,056.65
Total Expenses: ₹6,609.93 ₹5,439.36
Profit Before Tax: ₹2,088.30 ₹1,617.29
Total Tax Expense: ₹525.58 ₹407.04
Net Profit: ₹1,562.72 ₹1,210.25
Basic EPS (₹): 10.58 9.34
Diluted EPS (₹): 9.52 7.24

Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects significant expansion. Total assets stood at ₹26,425.94 lakhs (₹264.26 Crore) versus ₹14,258.10 lakhs in the prior year, representing growth of 85.34% YoY. Shareholders' funds (including minority interest) grew to ₹21,225.52 lakhs (₹212.25 Crore) from ₹12,302.92 lakhs, reflecting a 72.52% expansion in consolidated net worth. Reserves & Surplus rose 86.42% YoY to ₹184.76 Crore. Trade receivables increased to ₹8,730.70 lakhs from ₹3,456.66 lakhs, while cash and bank balances rose to ₹2,856.90 lakhs (₹28.57 Crore), up 144.39% YoY from ₹1,169.09 lakhs.

The following table summarises key balance sheet and performance metrics:

Metric: FY26 FY25 Change (%)
Consolidated Assets: ₹264.26 Cr ₹142.58 Cr +85.34%
Consolidated Net Worth: ₹212.25 Cr ₹123.03 Cr +72.52%
Reserves & Surplus: ₹184.76 Cr +86.42%
Cash & Bank Balance: ₹28.57 Cr ₹11.69 Cr +144.39%
Trade Receivables: ₹8,730.70 Lakhs ₹3,456.66 Lakhs

Building a Scalable Infrastructure-Led Growth Platform

Exhicon Events Media Solutions is strategically positioning itself at the intersection of India's rapidly growing MICE (Meetings, Incentives, Conferences and Exhibitions), tourism, exhibitions and convention infrastructure sectors through a diversified integrated platform model. The company operates across exhibitions, conventions, event infrastructure, aviation logistics, religious tourism, media and integrated business services. Its long-term growth strategy is increasingly anchored around Venue As A Service (VAS), convention infrastructure development, integrated venue operations, event ecosystems and recurring infrastructure-linked business opportunities.

As part of its expansion strategy, the company is developing and participating in multiple large-scale purpose-built event and convention infrastructure projects. Key initiatives include:

Initiative: Details
Upcoming Venue Projects: Integrated venue and convention ecosystem projects at Mohali, Ayodhya, Nashik and Indore
Operational VAS Platforms: Two operational Venue As A Service infrastructure platforms in Pune
Golf & Lifestyle Facilities: Management of two golf course & lifestyle facilities in Pune
Design & Build Contract: 24,000 sqm contract with India Expo Mart Limited
Event IP: 'Best of India' Series of International event IPs
Tourism: Religious Tourism expansion

India's MICE & Infrastructure Growth Opportunity

India's MICE industry is projected to grow from approximately USD 49.4 billion in 2024 to over USD 103 billion by 2030, representing a strong projected CAGR of nearly 13.2%, making India one of the fastest-growing MICE markets globally. India currently accounts for only around 5% of the global USD 850 billion MICE market, creating a significant long-term opportunity for organised venue infrastructure, exhibitions and convention ecosystem players. The Indian MICE tourism market is also expected to grow at an estimated CAGR of nearly 12% through 2031, supported by rising corporate travel, large-scale convention infrastructure creation, global events participation and government initiatives such as "Meet in India".

Simultaneously, India has emerged as the world's fifth-largest aviation market with approximately 241 million air passengers annually, highlighting the rapid expansion of business mobility, tourism and inter-city connectivity that directly supports growth in conventions, exhibitions and destination-led event infrastructure. The sector is further benefiting from substantial investments into convention centres, integrated exhibition venues, religious tourism circuits, smart cities, multimodal logistics and destination infrastructure. With a strengthened balance sheet, expanding infrastructure portfolio and growing execution capabilities, the company remains focused on sustainable growth, disciplined capital allocation and long-term shareholder value creation.

Historical Stock Returns for Exhicon Events Media Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+7.28%-0.25%-9.90%-12.10%+19.45%+578.57%

How will Exhicon fund the capital-intensive convention infrastructure projects in Mohali, Ayodhya, Nashik, and Indore — through debt, equity dilution, or asset-light partnerships — and what is the expected timeline for revenue contribution from these venues?

Given that trade receivables nearly tripled to ₹8,730 lakhs while revenue grew only 41%, what is the risk of receivables stress or working capital pressure impacting cash flows in FY27?

As Exhicon scales its Venue As A Service (VAS) model, how defensible is this business against competition from larger hospitality conglomerates and international convention centre operators entering India's MICE market?

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Exhicon Events Media Solutions Partners with ICICI Lombard to Strengthen Exhibition Insurance Ecosystem

2 min read     Updated on 01 May 2026, 02:34 AM
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Exhicon Events Media Solutions Limited announced a strategic partnership with ICICI Lombard General Insurance Company Limited on April 30, 2026, to strengthen exhibition insurance adoption across India's exhibitions and trade fairs ecosystem. The collaboration leverages Exhicon's venues, media platforms, and industry reach alongside ICICI Lombard's insurance expertise to drive risk awareness and professional governance standards. The partnership is expected to enhance platform value, create ecosystem stickiness, enable scalable integration, and open medium to long-term revenue opportunities through integration-led services and ecosystem monetization.

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Exhicon Events Media Solutions Limited has entered into a strategic partnership charter with ICICI Lombard General Insurance Company Limited on April 30, 2026, to strengthen the exhibition risk ecosystem across India's exhibitions and trade fairs industry. The collaboration aims to advance awareness, adoption, and integration of exhibition insurance as a critical enabler for sustainable growth in the increasingly complex exhibitions sector.

Strategic Partnership Framework

The partnership positions Exhicon Events Media Solutions Limited at the forefront of creating a risk-aware and professionally governed exhibition ecosystem that aligns with global best practices. As India's exhibitions industry witnesses increasing scale, complexity, and stakeholder participation, risk preparedness and continuity planning have emerged as essential components for sustainable development.

Partnership Component: Details
Partner: ICICI Lombard General Insurance Company Limited
Focus Area: Exhibition Insurance Ecosystem
Announcement Date: April 30, 2026
Regulatory Compliance: SEBI Regulation 30

Value Creation and Business Impact

The strategic collaboration is designed to create multiple value streams through enhanced platform positioning and ecosystem integration. The partnership framework focuses on four key areas that will strengthen Exhicon's market position while supporting industry-wide improvements.

Value Creation Area: Expected Impact
Platform Value Enhancement: Strengthen positioning as integrated exhibitions ecosystem enabler
Ecosystem Stickiness: Deepen engagement with organizers, exhibitors, and venues
Scalable Integration: Embed insurance awareness across venues and media platforms
Industry Formalization: Contribute to higher governance standards and credibility

Collaboration Scope and Implementation

Under the partnership charter, Exhicon will leverage its comprehensive infrastructure including venues, media platforms, and industry reach to drive awareness, education, and adoption of exhibition insurance as a best practice. The company's extensive network will serve as the foundation for promoting risk management solutions across the exhibitions ecosystem.

ICICI Lombard will contribute domain expertise, relevant insurance solutions, and support ecosystem education through insights and simplified engagement frameworks. This combination of Exhicon's market presence and ICICI Lombard's insurance expertise creates a comprehensive approach to risk management in the exhibitions sector.

Revenue and Growth Opportunities

The partnership charter opens up adjacent opportunities over the medium to long term, creating new revenue streams and business development pathways:

  • Potential integration-led service offerings
  • Ecosystem-led monetization opportunities
  • Enhanced partner-led value creation across company platforms

These opportunities align with Exhicon's broader strategy of integrated ecosystem solutions, strengthening its long-term growth prospects and market positioning within the exhibitions industry.

Industry Leadership and Market Position

The signing ceremony in Mumbai was attended by key executives from both organizations, including Ms. Padma Mishra, Whole Time Director of Exhicon Events Media Solutions Limited, Mr. Anand Singh, CDO Retail & Government of ICICI Lombard, Mr. M.Q. Syed, Chairman and Managing Director of Exhicon Events Media Solutions Limited, and Mr. Anurag Choudhary, Head SME Agency ICICI Lombard.

This strategic initiative reinforces Exhicon's commitment to advancing industry standards and creating comprehensive solutions for the exhibitions sector. The partnership represents a significant step toward establishing exhibition insurance as a standard practice across India's trade fairs and exhibitions landscape, ultimately contributing to the sector's professionalization and sustainable growth.

Historical Stock Returns for Exhicon Events Media Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+7.28%-0.25%-9.90%-12.10%+19.45%+578.57%

How might this partnership influence other insurance companies to develop specialized products for India's exhibitions industry?

What impact could widespread adoption of exhibition insurance have on the pricing and risk assessment models for trade fair venues?

Will this collaboration potentially lead to mandatory insurance requirements for exhibitions in India, similar to other regulated industries?

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