NIS Management FY26 revenue rises 7.74% to ₹436.70 crore
NIS Management Limited reported a 7.74% rise in FY26 total income to ₹436.70 crore, with adjusted PAT growing 2.29% to ₹19.12 crore, while reported net profit turned negative due to exceptional items. Q4FY26 income increased 13.96% YoY to ₹118.03 crore. The company secured government orders, including a ₹10.36 crore Bihar Secretariat contract, and saw ICRA upgrade its long-term rating outlook to positive. An investor earnings call was held on June 05, 2026.

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NIS Management Limited reported a 7.74% increase in total income to ₹436.70 crore for the financial year ended March 31, 2026, driven by scale-up and long-term contracts. The company’s adjusted profit after tax grew 2.29% to ₹19.12 crore, while reported net profit stood at ₹-1.85 crore due to exceptional items of ₹27.82 crore. The firm strengthened its credit profile with ICRA upgrading its long-term rating outlook to positive.
Financial Performance
For the quarter ended March 31, 2026 (Q4FY26), total income increased 13.96% year-on-year to ₹118.03 crore. EBITDA for the quarter rose 29.75% to ₹11.11 crore. Adjusted net profit for Q4FY26 grew 13.56% to ₹6.86 crore. The company noted that margins moderated due to wage inflation and business mix transition.
| Metric | Q4 FY25 (₹ Cr) | Q4 FY26 (₹ Cr) | YoY Growth | FY25 (₹ Cr) | FY26 (₹ Cr) | YoY Growth |
|---|---|---|---|---|---|---|
| Total Income | 103.58 | 118.03 | 13.96% | 405.33 | 436.70 | 7.74% |
| EBITDA | 8.56 | 11.11 | 29.75% | 29.89 | 33.53 | 12.19% |
| Reported Net Profit | 6.01 | -14.04 | -333.61% | 18.67 | -1.85 | -109.90% |
| Adjusted Net Profit | 6.04 | 6.86 | 13.56% | 18.69 | 19.12 | 2.29% |
Operational Highlights
The company secured significant government orders during the quarter, including a ₹10.36 crore contract for housekeeping services at the Bihar Secretariat and a ₹2.18 crore CCTV project with the Mumbai Police. It also executed a ₹56 lakh CCTV project for the West Bengal Electronics Industry Development Corporation Limited. NIS Management serves over 600 clients across 1,500+ sites with a workforce of approximately 18,000 employees.
Credit Profile and Ratios
ICRA reaffirmed the company’s short-term rating at A2 and upgraded the outlook on its long-term rating (BBB+) to positive. Total rated bank facilities stood at ₹105.87 crore. Key financial ratios for FY26 included an interest coverage of 3.30 times, a fixed asset turnover of 20.12 times, and a return on capital employed of 11.10%.
Investor Conference Call
Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, NIS Management held a group meeting with investors and analysts on June 05, 2026. The virtual meeting, held from 12:00 PM to 01:00 PM, discussed the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Executives present included Mr. Debajit Choudhury, Managing Director, and Mr. Kanad Mukherjee, CFO. The audio recording of the earnings call is available on the company's website.
Historical Stock Returns for NIS Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.42% | -7.73% | -10.11% | -35.79% | -50.09% | -50.09% |
How does the company plan to mitigate the impact of wage inflation on margins in the upcoming fiscal year?
What specific factors could lead ICRA to upgrade the long-term rating from 'BBB+' given the positive outlook?
Will the recent government contracts significantly alter the revenue mix, and what are the implications for future profitability?


































