Nisus Finance Services Co Limited (NIFCO) has reported a robust financial performance for the first half of fiscal year 2026, marked by significant revenue growth and a strategic acquisition. The company, which operates as an urban infrastructure investment and operating platform, has demonstrated strong momentum across its verticals.

Financial Highlights

NIFCO achieved consolidated revenues of INR 142 crores in H1 FY26. Notably, excluding acquisitions, the company's revenue grew by 118% year-on-year to INR 75 crores. This growth underscores NIFCO's strong operational performance and market positioning.

The company maintained healthy profitability metrics:

• EBITDA margin: 76%
• PAT margin: 50%

These margins reflect NIFCO's operational efficiency and disciplined approach to cost management and capital deployment.

Strategic Acquisition

A key highlight of the period was NIFCO's acquisition of New Consolidated Construction Company Limited (NCCCL) for INR 110 crores. This strategic move marks NIFCO's entry into the construction execution business, complementing its existing fund management and advisory services.

NCCCL brings to the table:

• An active order book of nearly INR 2,350 crores
• Over 30 high-quality day-to-day developer contracts
• Potential to scale to about INR 5,000 crores in the short term

Asset Under Management (AUM) Growth

NIFCO's AUM stood at approximately INR 1,900 crores, representing a compound annual growth rate (CAGR) of 95% since FY22. The company appears well-positioned to reach its target of INR 4,000 crores AUM by the end of the current financial year.

Expansion and Future Outlook

The company's combined India and GCC pipeline, which is under active closure, exceeds INR 4,600 crores. This robust pipeline sets the stage for NIFCO's next phase of growth.

NIFCO's UAE and Dubai platform continues to perform strongly, with recent acquisitions and regulatory approvals positioning the company as one of the first Indian fund managers to be licensed in the GCC outside of India.

Management Commentary

Amit Goenka, Chairman and Managing Director of NIFCO, commented on the results: "H1 and definitely FY26 in general continues to be a defining period for Nisus Finance, a period that is demonstrating our strategic acceleration and operational excellence."

Recent Corporate Development

In a separate announcement, NIFCO informed that Ms. Ruksana Istak Khan has resigned from her position as Company Secretary & Compliance Officer, effective November 17, 2025. The company has identified CS Bhoomika Rahul Sharma as a potential replacement, pending formal appointment procedures.

NIFCO's strong performance in H1 FY26, coupled with its strategic initiatives, positions the company for continued growth in the urban infrastructure investment space, both in India and the GCC region.

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.