Nirlon Ltd

Nirlon Ltd Q1-FY26 Highlights: Strong Margins & Occupancy Updates 🏢📊

- Q1-FY26 total income: ₹1,671 Mn | EBITDA: ₹1,319 Mn (78.93% margin)

- PAT: ₹584 Mn (34.95% margin), up 17.3% YoY

- License fees grew 3.7% YoY to ₹1,452 Mn

- Vacancy update: 280K sq.ft. vacant as of June 2025, with 269K sq.ft. licensed/agreed by Deutsche Bank, Barclays, MUFG, Citi, EY

- Accenture licensed 28K sq.ft. | Citi renewed 196K sq.ft. at NKP

- Proposed final dividend: ₹11 (110%) per share for FY25

- FY25 CFO: ₹4,801 Mn | 3-year revenue CAGR: 18.6%

- NKP total area: 3.08 Mn sq.ft. | GIC Singapore holds 63.92% stake

- Sustainability: LEED Platinum/Gold & TRUE Platinum certifications for Phases 1-4

- Debt: ₹1,150 Cr outstanding (HSBC facility) | CRISIL AA+/Stable rating