Exhicon FY26 Revenue Crosses ₹205 Crore; PAT Surges 49.54% to ₹45.24 Crore
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.
*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?
























