Nirlon Ltd — Important, 21-11-2025: Company Update

Nirlon Limited reported H1 FY26 total income of Rs. 336 Cr (up 5% YoY) and PAT of Rs. 206 Cr, reflecting a shift to the new tax regime and a Rs. 69.5 Cr deferred tax liability reversal. Q2 FY26 total income was Rs. 169 Cr (up 4% YoY) with PAT at Rs. 148 Cr. Operational highlights include a 98.6% occupancy rate. The company licensed approximately 2.60 lakh square feet to major clients like Deutsche Bank, Barclays, and EY at competitive rates with annual escalations, successfully filling space vacated by Morgan Stanley. Remaining vacancies are minimal, with most NKP space already finalized. The company paid a final dividend of Rs. 11 per share for FY25 and continues routine CAPEX for asset maintenance.