Nitin Fire Protection Industries Reports Exceptional Q2 FY26 Performance
Nitin Fire Protection Industries reported outstanding Q2 FY26 results with ₹724.69 lakhs profit and ₹1,287.93 lakhs total income, continuing its turnaround from previous losses. Half-year consolidated performance showed ₹1,386.09 lakhs profit with significant improvement in operational metrics. The company remains under liquidation with new directors appointed following acquisition by Elysian Wealth Fund consortium.
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Nitin Fire Protection Industries Limited has delivered outstanding financial performance for Q2 FY26 (quarter ended September 30, 2025), continuing its remarkable turnaround trajectory from previous year losses. The company, operating in fire protection and detection equipment sector, maintains strong operational recovery while remaining under liquidation proceedings.
Q2 FY26 Standalone Financial Performance
The company's standalone results for Q2 FY26 demonstrate sustained growth momentum across key financial metrics:
| Metric | Q2 FY26 | Q1 FY26 | Q2 FY25 | Change (YoY) |
|---|---|---|---|---|
| Total Income | ₹1,287.93 lakhs | ₹1,044.32 lakhs | ₹110.42 lakhs | +1,066.06% |
| Revenue from Operations | ₹423.67 lakhs | ₹296.66 lakhs | ₹103.26 lakhs | +310.33% |
| Other Income | ₹864.26 lakhs | ₹747.66 lakhs | ₹7.16 lakhs | +11,970.25% |
| Net Profit | ₹724.69 lakhs | ₹591.91 lakhs | ₹(282.23) lakhs | Turnaround |
| Earnings per Share | ₹0.25 | ₹0.20 | ₹(0.10) | Positive |
Half-Year FY26 Consolidated Results
On consolidated basis, including subsidiary and associate companies, the half-year performance showcases robust growth:
| Parameter | H1 FY26 | H1 FY25 | Change |
|---|---|---|---|
| Total Income | ₹2,497.54 lakhs | ₹412.98 lakhs | +504.65% |
| Net Profit | ₹1,386.09 lakhs | ₹(396.55) lakhs | Turnaround |
| Earnings per Share | ₹0.47 | ₹(0.14) | Positive |
Operational Efficiency and Asset Management
Total standalone expenses for Q2 FY26 increased to ₹563.25 lakhs from ₹452.42 lakhs in Q1 FY26, primarily driven by higher cost of materials consumed at ₹343.34 lakhs and employee benefits expense of ₹90.53 lakhs. The company's balance sheet strengthened significantly with total assets reaching ₹3,640.47 lakhs as of September 30, 2025, compared to ₹2,291.54 lakhs in March 2025.
Cash Flow and Financial Position
The company generated substantial cash flows during the half-year period, with notable proceeds of ₹1,818.80 lakhs from sale of property, plant and equipment. Cash and cash equivalents surged to ₹714.98 lakhs from ₹1.54 lakhs, reflecting improved liquidity position. Trade receivables increased to ₹889.60 lakhs, indicating growing business activity.
Corporate Restructuring Progress
Following the successful completion of liquidation sale process with sale certificate issued on October 3, 2024, the company appointed three new directors as approved by the liquidator:
| Position | Director Name | DIN | Designation |
|---|---|---|---|
| Director 1 | Mr. Allan Marcelline Lopes | 11304400 | Non-Executive Non-Independent |
| Director 2 | Mr. Vikas Arunkumar Makharia | 07539227 | Non-Executive Non-Independent |
| Director 3 | Mr. Kailat Hariharan Vaidyanathan | 00077323 | Non-Executive Non-Independent |
These appointments were made pursuant to the acquisition plan submitted by Elysian Wealth Fund (formerly Silver Stallion Limited) in consortium with Vikasa India EIF I Fund and AIG Direct LLC.
Regulatory Status and Compliance
The company remains under liquidation with Mr. Uliyar Balakrishna Bhat serving as liquidator. Key regulatory developments include awaiting final liquidation closure order from NCLT and initiating process for filing interlocutory application for cancellation and issuance of fresh equity shares. The financial results were approved by the liquidator on December 15, 2025, with statutory auditors Tolia & Associates expressing unqualified conclusions on both standalone and consolidated financial statements.
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