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Earnings Call Transcript

Nirlon Earnings Call Transcript: Key Takeaways

Nirlon maintains stable performance with 99.8% occupancy across Nirlon Knowledge Park and Nirlon House. Management remains cautious on REIT conversion and redevelopment of Nirlon House due to complex co-ownership structures.

Highlights
Revenue growthTotal income grew 3% YoY to ₹173 Crores.
MarginsEBITDA margin stable at 77.30%.
Demand visibilityHigh, with 99.8% occupancy and minimal vacant space.
Management confidenceBalanced, emphasizing steady contractual income over speculative growth.

Growth

Total income grew 3% YoY to ₹173 Cr; PAT rose 19% to ₹69 Cr.

Outlook

Debt repayment of 5% annually starting May 2027; dividend increased to ₹30/share for FY26-27.

Risks

High concentration in one micro-market; redevelopment of Nirlon House stalled by 12 co-owners' consent.

Last quarter's promises, checked

Delivered

  • Guided 5% debt repayment in May 2027 → On track per current schedule (= BEAT)
  • Targeted consistent dividends → Increased to ₹30/share for FY26-27 (= BEAT)
  • Maintain high occupancy → Delivered 99.8% vs 99.7% previous (= BEAT)
Source

Earnings Call Transcript filed with BSE, NSE: NIRLON. Summary written with AI assistance from the document.

Read the document ↗

Nirlon Ltd: key numbers

Share price
₹606.50
Market cap
₹5,466 Cr
Revenue (annual)
₹669.2 Cr
Net profit (annual)
₹346.0 Cr
P/E (TTM)
15.3×Sector 35.8×
Promoter holding
67.65%-0.02% QoQ
FII holding
4.49%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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