Nirlon Ltd — Updates, 21-05-2025: Company Update

Nirlon Limited has announced a board meeting to discuss the financial results for the quarter and half-year ended March 31, 2025. The company operates primarily in commercial and IT-ITES real estate with marquee tenants and high occupancy levels at its flagship Nirlon Knowledge Park (NKP) in Mumbai. FY25 total income rose 6.2% to INR 6450 Mn, with EBITDA margin steady at 79.33% and PAT growing 6.1% to INR 2182 Mn. Management highlights strong cash flow (INR 4801 Mn) and a robust ROE of 61.1%. Nearly 98,000 sq.ft. was vacant across NKP and Nirlon House, with significant space already leased to BNP, NTT, and Barclays. The company maintains a solid credit rating and proposes a final dividend of INR 11 per share.