Nirlon Ltd — Updates, 26-05-2025: Company Update

Nirlon Limited has announced a board meeting on its financial results for the quarter and half-year. The company reported a 4% YoY revenue growth to Rs. 161 Cr with EBITDA margins at 78.22% and PAT margins at 33.29% for Q4 FY25. For the full year, revenue grew 6% to Rs. 645 Cr with a 79.33% EBITDA margin and 33.83% PAT margin. Occupancy stood at 98.2% overall, with ~76,000 sq ft licensed out of ~98,000 sq ft vacant space. Renewals for key tenants like NTT are ongoing with negotiations advanced for about half of the expiring leases. Management confirmed no significant update on the long-pending restructuring and intends to update shareholders when available. The company holds substantial cash on the balance sheet intended for dividend distribution, though no concrete plans on excess cash utilization or structural tax inefficiencies were disclosed.