Q3 2026 Nirlon Ltd Earnings Call Transcript
Key Points
- Nirlon Ltd (BOM:500307) reported a total income of INR173 crores for Q3, marking a 6% year-on-year growth.
- The company's EBITDA for the quarter was INR135 crores, with a strong EBITDA margin of 77.93%.
- Profit after tax for the quarter stood at INR69 crores, with a PAT margin of 40.04%.
- The average occupancy rate for the company was an impressive 99.7% for the quarter.
- The board declared an interim dividend of INR15 (150%) per share for FY26, indicating a strong cash position.
- The EBITDA growth was modest at 1% year-on-year, indicating limited operational leverage.
- Approximately 7,800 square feet of area remained vacant, which could impact future rental income.
- The company has not provided any updates on potential restructuring plans, leaving investors uncertain.
- There is no significant plan for expansion into other cities or vertical expansion of existing assets.
- The company faces challenges in resetting rental rates to market levels due to existing long-term contracts.
Ladies and gentlemen, good day and welcome to the Q3 and nine months FY26 conference call of Nirlon Limited. (Operator Instructions)
I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, ma'am.
Thank you. Good afternoon, everyone. My name is Purvangi Jain 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 third quarter and nine months of the financial year 2026. (Event Instructions)
Now let me introduce you to the management participating with us in today's earnings call and hand it over to them for their opening remarks. We have with us Mr. Rahul V Sagar, Chief Executive Officer and Executive Director, Mr. Manish B Parikh, Chief Financial Officer, VP Finance, Mrs. Jasmine K Bhavsar, Company Secretary, Vice President, Legal and Compliance Officer. And Mr. Ashish Bharadia, VP Business Development and
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