Q2 2025 Nirlon Ltd Earnings Call Transcript
Key Points
- Nirlon Ltd (BOM:500307) reported a total income of INR163 crores for the quarter, marking an 8% year-on-year growth.
- The company's EBITDA for the quarter was INR131 crores, also reflecting an 8% year-on-year increase, with strong EBITDA margins of 80.55%.
- Profit after tax for the quarter stood at INR57 crores, showing an 8% year-on-year growth, with a PAT margin of 34.77%.
- The average occupancy rate for Nirlon Ltd (BOM:500307) was stable at 99.8% for the second quarter, indicating strong demand for its properties.
- Nirlon Ltd (BOM:500307) received recognition by being ranked second in the GRI India Awards 2024 in the Sustainable Project of the Year category.
- Morgan Stanley has given notices to vacate approximately 195,000 square feet, which could impact future occupancy rates.
- The company has only agreed on terms for relicensing 139,000 square feet of the vacated space, with no final agreements signed yet.
- There is a three to four-month license-free period for new agreements, which may delay revenue realization.
- The company faces uncertainty regarding the Supreme Court ruling on GST input credit, which could affect financial outcomes.
- Nirlon Ltd (BOM:500307) has limited options for increasing its area, which could constrain future growth opportunities.
Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY25 Conference Call of Nirlon Limited. (Operator Instructions)
I now hand the conference over to Ms. Nupur Jainkunia from Valorem Advisors. Thank you, and over to you, ma'am.
Thank you. Good afternoon, everyone. My name is Nupur Jainkunia from Valorem Advisors. We represent the Investor Relations for Nirlon Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the second quarter and first half of the financial year 2025.
Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as assumptions made by information currently available to management. Audiences are cautioned not to place
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