Nisus Finance Services Co Limited has reported a stellar performance for the first half of fiscal year 2026, with consolidated revenue reaching INR 142.30 crore, marking a substantial 312% increase from INR 34.36 crore in H1FY25. The company's core operations generated INR 74.89 crore in revenue during H1FY26, already surpassing the full FY25 revenue of INR 67.30 crore.

Strong Quarter-on-Quarter Growth

The company demonstrated robust sequential growth, with Q2 revenue reaching INR 46.17 crore, up 61% from Q1FY26's INR 28.72 crore. This growth was driven by the realization of investment gains, increased transaction flow, and enhanced contributions from both Indian and UAE operations.

Profitability Metrics

Nisus Finance maintained strong profitability in H1FY26:

• EBITDA for the half year reached INR 62.00 crore on a consolidated basis.
• EBITDA margins were around 74% (excluding NCCCL), one of the highest in the industry.
• Profit after tax (PAT) stood at INR 35.60 crore, reflecting disciplined cost management and high operating leverage.

Strategic Acquisition and Expansion

A significant milestone in Nisus Finance's growth journey was the acquisition of New Consolidated Construction Co. Ltd. (NCCCL) in August 2025. This acquisition brings several benefits:

• NCCCL's FY25 revenue of INR 608.00 crore
• An order book of over INR 2,350.00 crore across 30+ projects with AAA developers
• Creation of a fully integrated urban infrastructure platform with financing, asset management, and execution capabilities

International Investments

Nisus made its largest global investment to date, investing INR 525.00 crore in a 24-storey residential tower in Dubai's Motor City. This strategic move is expected to yield:

• Rental upside of approximately 38%
• Projected IRR in the range of 24%–32%

Financial Strength and Credit Rating

The company achieved a significant milestone by becoming the first Indian AIF business to secure a BBB+ credit rating from CareEdge. This rating signifies:

• Institutional-grade governance standards
• Zero-loss investment history
• Consistent investor returns

Balance Sheet Improvements

Nisus Finance has demonstrated financial discipline:

• Partial repayment of the INR 110.00 crore facility raised for NCCCL's acquisition
• Reduction of share pledge levels to approximately 18-19%
• Increase in the company's own capital contribution in investments from INR 48.00 crore to INR 106.00 crore

Management Commentary

Amit Goenka, Managing Director of Nisus Finance, commented on the results: "Our H1 results reflect the disciplined execution of our growth strategy and the value of our diversification across geographies, asset classes and business models. The acquisition and integration of NCCCL, the Dubai expansion and the strengthening of our capital base have positioned Nisus as a genuinely diversified alternative-investment and infrastructure platform with a global edge."

Future Outlook

With a high-quality platform, expanding footprint, strong balance sheet, and a scalable business model, Nisus Finance appears well-positioned to sustain momentum and deliver differentiated value to investors, partners, and stakeholders in the coming quarters.

Nisus Finance promoter Amit Goenka has released the pledge on 47,00,000 equity shares of the company, as disclosed in a recent regulatory filing. This corporate action marks a significant change in the promoter's shareholding structure and warrants attention from investors and market watchers.

Key Details of the Pledge Release

Impact on Shareholding

The release of pledge has resulted in a notable change in Amit Goenka's encumbered shareholding in Nisus Finance. Here's a breakdown of the current situation:

Regulatory Compliance

The company has made this disclosure in compliance with the Securities and Exchange Board of India (SEBI) regulations, specifically under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in the promoter's shareholding pattern.

Other Promoter Group Holdings

Other members of the promoter group, including Abha Anil Goenka, Arti Vikas Modi, Mridula Amit Goenka, Vikas Krishnakumar Modi, and Anil Brijmohan Goenka, each hold 17 shares in the company. None of these shares are currently encumbered.

This development may be of interest to investors and analysts tracking Nisus Finance, as changes in promoter pledges can sometimes indicate shifts in the company's financial position or the promoter's confidence in the business.