Nirlon Limited reported a 59% year-on-year increase in profit after tax (PAT) to Rs 346 crore for the financial year 2026, driven by a one-time tax adjustment. Total income for FY26 grew by 6% to Rs 683 crore, while EBITDA increased by 5% to Rs 535 crore, with margins at 78.36%. The Board has proposed a final dividend of Rs 15 per share for the fiscal year, subject to shareholder approval.

For the fourth quarter of FY26, the company recorded a total income of Rs 174 crore, a 9% increase year on year. EBITDA for the quarter stood at Rs 136 crore, an 8% growth, with margins at 77.85%. PAT for Q4 FY26 was Rs 71 crore, rising 32% year on year with a margin of 40.5%. The FY26 PAT includes a one-time adjustment of Rs 69.5 crore due to the re-measurement of deferred tax liability following the company's shift to the new tax regime under Section 115BAA of the Income Tax Act, 1961. Excluding this adjustment, PAT growth was 27% year on year.

Operational metrics remained strong, with an average occupancy rate of 99.7% for NKP and Nirlon House combined in Q4 FY26. As of March 31, 2026, approximately 8000 sqft remained vacant. The company's cash and bank balance stood at approximately Rs 300 crore as of March 31, 2026. Management indicated that fixed deposits totaling Rs 278 crore were yielding an interest rate of approximately 5.5%, maturing between 6 months to 1 year.

Financial Performance Summary

Regarding debt management, the company has an outstanding loan of approximately Rs 1150 crore with HSBC. The repayment schedule includes a 5% balloon payment due in May 2027, followed by 5% annual payments for the subsequent five years and a bullet payment for the remaining balance. Management stated there are no concrete plans to repay debt from existing cash balances at this time.

Nirlon Limited has reported its audited financial results for the financial year ended March 31, 2026. The company recorded a net profit of ₹3,460 crore for the year, an increase of 58.6% compared to the previous year's net profit of ₹2,182 crore. Revenue from operations for the year stood at ₹6,833 crore, up from ₹6,450 crore in the prior year.

Financial Performance

The board of directors approved the results during a meeting held on May 25, 2026. For the quarter ended March 31, 2026, the company reported a net profit of ₹706 crore on revenue from operations of ₹1,743 crore. EBITDA for the quarter stood at ₹1,357 crore with a margin of 77.85%. The statutory auditors provided an unmodified opinion on the financial results.

Dividend Declaration

Alongside the results, the board recommended a final dividend of ₹15.00 per equity share of ₹10 each, amounting to 150%, for the Financial Year 2025-26. This is in addition to the interim dividend of ₹15 per share already paid in February 2026. The total dividend payout for the year aggregates to ₹30 per share. The final dividend declaration is subject to the approval of shareholders at the company's ensuing Annual General Meeting.

Operational Highlights

The company's total assets stood at ₹22,497 crore as of March 31, 2026, compared to ₹22,430 crore in the previous year. Net cash flow from operating activities for the year was ₹4,775 crore. The occupancy rate for Nirlon Knowledge Park and Nirlon House combined was 99.7% for Q4-FY26.