Nirlon Ltd

Q4 FY26Commercial Services & Supplies

Nirlon Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹625

Market cap₹5.6K Cr

P/E16.2

Updated23 Aug 2026

Read4 min read

The short version

Growth in total income is primarily driven by contracted license fees, escalations, and new transactions at higher prices (Page 11). Growth in license fees driven by existing contracted license fees, new licenses, and higher price new transactions.

From Nirlon Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Growth in total income is primarily driven by contracted license fees, escalations, and new transactions at higher prices (Page 11).
For FY26, total income grew by 6% year-on-year; Q4 total income grew 9% YoY (Page 4).
No significant changes in capex plans; focus remains on maintaining NKP as an A-grade asset and sustainability (Page 11).
No significant early exits from tenants currently, so growth mainly through contractual escalations and new leasing (Page 9).
Current occupancy is very high at 99.7%, indicating limited immediate upside from new leasing but steady income stream (Page 4).
Management is operationally focused on maintaining and improving tenant experience to sustain and increase license fees (Page 7).

Profitability & Margins

Growth in license fees driven by existing contracted license fees, new licenses, and higher price new transactions.
Moderate increase in total income (6% YoY FY26) and EBITDA (5% YoY FY26) expected to continue through escalations and new deals.
EBITDA margin was steady around 78%, slight pressure on EBITDA due to higher operating expenses; management is reviewing.
Profit after tax growth was 27% YoY excluding one-time deferred tax adjustment, indicating healthy bottom-line expansion.
Finance costs reduced marginally in FY26; no significant changes expected going forward.
Annual capex plans to maintain and upgrade NKP asset to keep it A-grade with focus on sustainability; no significant new capex projects.
No significant early tenant exits anticipated, supporting stable income.
Market tailwinds such as GCC boom and increasing demand for office real estate expected to support future growth.

See what Nirlon Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

No significant changes in capex plans were reported for the near future.
Capex will primarily focus on maintaining the park (NKP) in the best possible condition.
Incremental capex-related modifications will be undertaken to sustain and enhance the A-grade asset quality.
Emphasis will be on sustainability aspects and operational improvements within the existing park.
No plans for capex outside the park were mentioned.
No concrete plans or comments on additional strategic investments such as data centers or expanding FSI at NKP at this time.

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No specific mention of any current or concrete plans for new fundraising through debt or equity in the call.
Management indicated no significant plans for debt repayment from existing cash balances currently.
No comments on buyback as an option for returning money to shareholders at this point; it's not being considered currently.
No mention of tapping into equity markets or raising new equity on the call.
Capex will continue as needed to maintain and improve existing assets, but no significant new capex indicative of fundraising requirements.
For specific or detailed queries on fundraising or financial plans, management suggests reaching out to their investor relations at Valorem Advisors.

See what Nirlon Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript and document from Nirlon Limited's Q4 FY26 Earnings Call do not contain specific information regarding current or expected orderbook or pending orders. The discussion primarily focuses on financial performance, dividend policy, debt repayment schedules, lease renewals, asset valuations, and operational aspects of their real estate assets (notably NKP and Nirlon House). There is no mention of any orderbook details, pending orders, or similar contractual engagements in the excerpts provided. For detailed information on orderbook or pending orders, it would be best to contact the company directly through their investor relations as suggested by management.

Nirlon Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹171 Cr, net profit ₹71 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Nirlon Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Nirlon Ltd Q4 FY26 results?

What is Nirlon Ltd share price analysis?

Nirlon Ltd currently shows a neutral. The stock trades at a P/E of 16.2 with a market cap of ₹5,601 Cr. Investors should review the full earnings analysis for detailed insights.

Is Nirlon Ltd planning capital expenditure?

No significant changes in capex plans were reported for the near future.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.