Financial Performance - Core Business (excluding NCCCL)

The company's core business of fund management and transaction advisory reported:

  • Total Income: ₹141.07 crore for FY26, representing 110% YoY growth from ₹67.30 crore in FY25
  • Profit After Tax: ₹67.76 crore for FY26, representing 108% YoY growth from ₹32.58 crore in FY25
  • EBITDA: ₹100.80 crore for FY26 with EBITDA margin of 71.5%
  • PAT Margin: 48.0% for FY26 compared to 48.4% in FY25

Quarterly Breakdown (Core Business):

  • Q4 FY26: Total Income ₹27.42 crore, EBITDA ₹14.47 crore (57.1% margin), PAT ₹11.05 crore (40.3% margin)
  • H2 FY26: Total Income ₹66.19 crore, EBITDA ₹42.45 crore (66.9% margin), PAT ₹31.25 crore (47.21% margin)

Consolidated Performance (including NCCCL)

On a consolidated basis including New Consolidated Construction Company Limited (NCCCL):

  • Total Income: ₹574.92 crore for FY26
  • Profit After Tax: ₹83.08 crore for FY26 with PAT margin of 14.5%

Quarterly Breakdown (Consolidated):

  • Q4 FY26: Total Income ₹203.58 crore, PAT ₹25.12 crore (12.3% margin)
  • H2 FY26: Total Income ₹432.62 crore, PAT ₹46.15 crore (10.67% margin)

Operational Highlights

  • Assets Under Management: Grew 67% YoY to ₹2,631 crore
  • Dubai AUM: Grew 223% year-on-year to ₹1,516 crore
  • NCCCL Acquisition: Added new orders worth over ₹1,200 crore since acquisition, providing medium-term execution visibility
  • Geopolitical Impact: Q4 saw temporary revenue moderation due to deferred investment activity linked to geopolitical developments in West Asia. The company stated this impact was event-driven and not structural, with several India and UAE transactions expected to spill over to FY27
  • UAE Portfolio: Remained resilient with zero impairment and continued NAV appreciation despite West Asia conflict

Strategic Initiatives

The company expanded multiple strategic initiatives including:

  • Preparations for Ni-YAM hybrid credit and asset appreciation platform
  • Plans for SM REIT structures
  • GIFT City feeder platforms

Management Commentary

Dr. Amit Goenka, Chairman & Managing Director, stated: "FY26 was a defining year for Nisus Finance. We scaled the platform meaningfully while continuing to remain resilient through a period of global uncertainty. Despite temporary disruptions in cross-border investment activity during the fourth quarter, we exceeded our revenue guidance for the year and maintained strong profitability. Both our India and UAE businesses continued to see healthy momentum, while the acquisition of NCCCL has further strengthened our integrated urban infrastructure strategy. We are entering FY27 with a strong pipeline across fund management, structured credit, redevelopment and infrastructure opportunities."

Company Background

Nisus Finance Services Co., Ltd., promoted by Mr. Amit Goenka and Mrs. Mridula Goenka, specializes in urban infrastructure financing and capital markets with over 11 years of experience. The company operates under the "Nisus Finance Group" or "NiFCO" brand and focuses on Transaction Advisory Services and Fund & Asset Management.

The group network includes subsidiaries and associates like Nisus BCD Advisors LLP and Dalmia Nisus Finance Investment Managers LLP managing Real Estate and Urban Infrastructure Fund operations. Nisus Fincorp Private Limited functions as an NBFC focused on financing. The group also manages investment vehicles such as the Nisus High Yield Growth Fund through entities including Nisus Finance Investment Consultancy FZCO and Nisus Finance International Advisors IFSC LLP.