Nirlon Limited CIN: L17120MH1958PLC011045

Financial Performance Highlights

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹16,908.16 lakh
  • Other income: ₹505.22 lakh
  • Total income: ₹17,413.38 lakh
  • Profit before tax: ₹9,610.12 lakh
  • Tax expense: ₹2,421.16 lakh (Current tax: ₹2,258.28 lakh, Deferred tax: ₹194.90 lakh, Adjustment for earlier periods: ₹(32.02) lakh)
  • Profit after tax: ₹7,188.96 lakh
  • Earnings per share (Basic & Diluted): ₹7.98

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹33,738.70 lakh
  • Other income: ₹940.98 lakh
  • Total income: ₹34,679.68 lakh
  • Profit before tax: ₹18,940.75 lakh
  • Tax expense: ₹4,813.90 lakh
  • Profit after tax: ₹14,126.85 lakh
  • Earnings per share (Basic & Diluted): ₹15.68

Comparative Performance

Quarterly comparison (YoY):

  • Revenue increased from ₹16,530.85 lakh (Q2 FY26) to ₹16,908.16 lakh (Q2 FY27)
  • PAT decreased from ₹14,766.40 lakh (Q2 FY26) to ₹7,188.96 lakh (Q2 FY27), primarily due to tax regime change impact in previous year

Half-yearly comparison (YoY):

  • Revenue increased from ₹32,830.45 lakh (H1 FY26) to ₹33,738.70 lakh (H1 FY27)
  • PAT decreased from ₹20,607.15 lakh (H1 FY26) to ₹14,126.85 lakh (H1 FY27)

Expense Breakdown (Q2 FY27)

  • Employee benefits expense: ₹159.67 lakh
  • Finance costs: ₹2,648.07 lakh
  • Depreciation and amortization: ₹1,394.83 lakh
  • Property management expenses: ₹1,463.95 lakh
  • Other expenses: ₹2,136.74 lakh
  • Total expenses: ₹7,803.26 lakh

Balance Sheet Position (as at September 30, 2026)

Assets

  • Total assets: ₹2,26,127.20 lakh
  • Non-current assets: ₹1,87,566.15 lakh (including Investment properties: ₹1,79,204.04 lakh, Capital work-in-progress: ₹2,326.32 lakh)
  • Current assets: ₹38,561.05 lakh (including Cash & cash equivalents: ₹3,095.41 lakh, Bank balances: ₹31,537.33 lakh)

Liabilities and Equity

  • Total equity: ₹47,469.53 lakh (Equity share capital: ₹9,011.80 lakh, Other equity: ₹38,457.73 lakh)
  • Non-current liabilities: ₹1,53,334.04 lakh (including Borrowings: ₹1,08,959.33 lakh)
  • Current liabilities: ₹25,323.63 lakh (including Current borrowings: ₹5,757.51 lakh)

Cash Flow Statement (H1 FY27)

  • Cash from operating activities: ₹23,773.62 lakh
  • Cash used in investing activities: ₹(3,972.54) lakh
  • Cash used in financing activities: ₹(17,701.01) lakh
  • Net increase in cash: ₹2,100.07 lakh
  • Dividend paid: ₹13,517.71 lakh
  • Interest and borrowing costs paid: ₹4,183.30 lakh

Significant Events and Notes

1. Dividend Declaration: Shareholders approved final dividend of ₹15 per share (aggregating ₹13,517.71 lakh) for FY 2025-26 at meeting held on September 18, 2026. Dividend was paid on September 21, 2026.

2. Tax Regime Change: In FY 2025-26, the company exercised option under section 115BAA of Income Tax Act, 1961 (New Tax Regime) and remeasured opening deferred tax liability, resulting in reversal of ₹6,950.51 lakh.

3. Segment Reporting: The company has determined "licensing of investment properties" as its only reportable segment as per Ind AS 108.

4. Board Approval: The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 2, 2026 (commenced at 12:05 PM, concluded at 12:45 PM IST).

5. Auditor Review: The financial results were reviewed by SRBC & Co. LLP (ICAI Firm registration number: 324982E/E300003) who issued an unqualified limited review report.