Nirlon Ltd — Important, 17-08-2026: Company Update

Nirlon Limited announced its financial results for the quarter, reporting a total income of Rs. 173 crore (up 3% YoY), EBITDA of Rs. 134 crore (up 1% YoY) with 77.30% margins, and profit after tax of Rs. 69 crore (up 19% YoY) with 40.19% margins. The company maintained high average occupancy at 99.8% across its properties, with only approximately 6,900 square feet vacant. Management clarified there are no concrete plans for REIT conversion despite favorable tax changes, and Nirlon House redevelopment remains complex. Rental growth is expected to follow existing contracts, with no major lease expiries in FY27, ensuring healthy and steady EBITDA margins.