Nisus Finance FY26 PAT rises to ₹83.08 crore; AUM grows 67%
Nisus Finance Services Co Limited reported a consolidated profit after tax of ₹83.08 crore for FY26, with total income rising to ₹574.92 crore. The core business, excluding NCCCL, saw a 108% increase in PAT to ₹67.76 crore and a 110% rise in total income to ₹141.07 crore. Assets under management grew 67% to ₹2,631 crore. The UAE portfolio showed zero impairment with NAV appreciation, and the company received a BBB+ credit rating from CARE Ratings. For FY27, the company targets a core business AUM of ₹4,500-5,000 crore and announced the receipt of SEBI approval for a new ₹1,800 crore Neon Fund, expected to launch in Q2.

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Nisus Finance Services Co Limited reported a consolidated profit after tax of ₹83.08 crore for the financial year ended March 31, 2026. The company's core business of fund management and transaction advisory delivered strong growth, with total income rising 110% year-on-year to ₹141.07 crore. Assets under management grew 67% to ₹2,631 crore, driven by investment activity across India and Dubai. The board approved the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026, at a meeting held on May 26, 2026. Statutory auditors Sanjay Raja Jain & Co. issued an unmodified opinion on the financial results.
Standalone Performance
On a standalone basis, Nisus Finance reported a sharp improvement in Q4 results. Net profit rose to ₹10.60 crore from ₹1.20 crore in the same period of the previous year, while revenue grew to ₹13.30 crore from ₹3.40 crore year-on-year.
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Net Profit (₹ Cr) | 10.60 | 1.20 |
| Revenue (₹ Cr) | 13.30 | 3.40 |
Core Business Performance
Excluding NCCCL, the core business reported an EBITDA of ₹100.80 crore for FY26, with EBITDA margins expanding to 71.5%. Profit after tax for the core segment stood at ₹67.76 crore, a 108% increase from the previous year. The fourth quarter saw a temporary moderation in revenue due to deferred investment activity linked to geopolitical developments in West Asia, though the company stated the impact was event-driven and not structural.
| Particulars (₹ Cr) | Q4 FY26 | H2 FY26 | FY26 | FY25 |
|---|---|---|---|---|
| Total Income | 27.42 | 66.19 | 141.07 | 67.30 |
| EBITDA | 14.47 | 42.45 | 100.80 | 44.80 |
| EBITDA Margin (%) | 57.10% | 66.90% | 71.50% | 66.10% |
| PAT | 11.05 | 31.25 | 67.76 | 32.58 |
Consolidated Financials
On a consolidated basis, including NCCCL, total income for FY26 was reported at ₹574.92 crore. The civil construction segment, acquired during the year, contributed significantly to the group's integrated infrastructure platform. Since the acquisition, NCCCL added new orders worth over ₹1,200 crore till May 26, 2026.
| Particulars (₹ Cr) | Q4 FY26 | H2 FY26 | FY26 |
|---|---|---|---|
| Total Income | 203.58 | 432.62 | 574.92 |
| EBITDA Margin (%) | 13.50% | 18.69% | 24.73% |
| PAT | 25.12 | 46.15 | 83.08 |
Strategic Developments and Outlook
The company significantly expanded its international investment platform, with Dubai-focused AUM growing 223% year-on-year to ₹1,516 crore. The UAE portfolio reported zero impairment and continued NAV appreciation despite temporary disruptions from the West Asia conflict. Nisus Finance received final approval from the Dubai Financial Services Authority (DFSA) for a license granted to Nisus Finance & Investment Management (DIFC) Limited. CARE Ratings Limited assigned an issuer rating of BBB+ with a Stable outlook.
During the earnings conference call held on May 27, 2026, management provided an outlook for FY27. The company has adopted a scenario framework for its guidance, targeting a core business AUM of ₹4,500-5,000 crore. For NCCCL, the order book stands at ₹1,833 crore as of March 31, 2026, with an additional ₹870 crore of orders added in the first two months of the current financial year. The company also announced that it received SEBI approval for its new Neon Fund, a ₹1,800 crore fund with a ₹500 crore green shoe option, which is expected to launch from Q2 FY27. Management noted that the revenue-to-AUM ratio is expected to stabilize around 3% in the coming years, down from the higher levels seen in FY26 due to extraordinary investment gains and high-margin advisory contracts.
Historical Stock Returns for Nisus Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.33% | -1.21% | -3.14% | -26.76% | -35.77% | -15.22% |
How will the company deploy the capital raised from the upcoming Neon Fund launch in Q2 FY27?
What is the expected timeline for integrating NCCCL's operations to improve consolidated EBITDA margins?
Will the temporary moderation in investment activity due to West Asian geopolitical tensions persist into H1 FY27?


































