Q3 2025 Nirlon Ltd Earnings Call Transcript
Key Points
- Nirlon Ltd (BOM:500307) reported a total income of INR164 crores for Q3, marking a 7% year-on-year growth.
- EBITDA for the quarter was INR133 crores, representing a 10% increase year-on-year, with strong EBITDA margins of 81.39%.
- Profit after tax for Q3 stood at approximately INR58 crores, a 12% growth year-on-year, with profit margins at 35.57%.
- The average occupancy rate for the company was high at 99.5%, indicating strong demand for their properties.
- The board approved an interim dividend of INR15 per share for the fiscal year 2024-2025, reflecting confidence in the company's financial health.
- Morgan Stanley has given notices to vacate approximately 449,000 square feet of space, which could impact future occupancy rates.
- The company will fully utilize its accumulated MAT credit by March 2025, potentially leading to higher tax expenses in the future.
- There is uncertainty regarding the transition to a new tax regime, which the company is still analyzing.
- Despite a strong pipeline, there is a risk associated with re-licensing the vacated space by Morgan Stanley, which may not be completed by Q1 2026.
- The company has not provided significant updates on the progress of Nirlon House, leaving some investors seeking more information.
Ladies and gentlemen, good day and welcome to Q3 and 9 months FY 2025 conference call of Nirlon Limited.
[operator instruction]
I now hand the conference over to Ms. Nupur Jainkunia from Valorem Advisors. Thank you and over to you.
Thank you. Good afternoon, everyone. My name is Nupur Jainkunia from Valorem Advisors. We represent 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 third quarter and 9 months 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. Maybe forward-looking in nature, such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management beliefs as well as assumptions made by information currently available to management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of
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