Nisus Finance Services Reports Strong FY26 Results Driven by Construction Arm

Nisus Finance Services Co Ltd announced a significant surge in its audited consolidated profit after tax (PAT) for fiscal year 2026, reaching ₹70.35 crore. This represents an impressive 118% increase compared to the ₹32.22 crore reported in FY25.

Reader Takeaway: Revenue saw substantial growth due to a key acquisition, but investors should monitor the rising finance costs.

What Happened

Nisus Finance Services Co Ltd has released its audited financial results for the fiscal year 2026. Consolidated revenue from operations climbed to ₹561.01 crore, a significant leap from ₹64.73 crore in the prior fiscal year. The company's consolidated Profit After Tax (PAT) stood at ₹70.35 crore, up from ₹32.22 crore in FY25. Basic Earnings Per Share (EPS) also saw a healthy increase to ₹29.46 from ₹16.31.

Why It Matters

This strong financial performance marks a transformative year for Nisus Finance. The considerable rise in revenue and profit is largely due to the successful integration of its civil construction business, particularly after acquiring a controlling stake in New Consolidated Construction Company Limited (NCCCL). The growth in EPS directly benefits shareholders by increasing the earnings attributable to each share.

The Backstory

Direct year-over-year comparisons of the company's financial figures are impacted by substantial expansion and restructuring undertaken during the fiscal year, including the acquisition of NCCCL. This inorganic growth has fundamentally changed the scale of Nisus Finance's operations.

What's Next

Nisus Finance is advancing several strategic growth initiatives. These include plans to establish a Small and Medium Real Estate Investment Trust (SM REIT), implement the 'Nisus Employees Stock Option Plan 2025', and expand into international markets. The company has already received approval for its DIFC entity from the Dubai Financial Services Authority. Furthermore, its subsidiary NCCCL secured a ₹112.5 crore order from Lodha Developers.

Risks to Monitor

A key concern is the notable increase in finance costs, which rose to ₹25.63 crore from ₹1.06 crore. This reflects the financial impact of the company's debt-funded expansion. An exceptional item of ₹3.98 crore was also recorded, related to incremental gratuity liability resulting from new Labour Codes.

Peer Comparison

While specific peer financial results for the same period were not detailed in the filing, Nisus Finance's performance in the civil construction and financial services sectors is significant. Its strategic diversification into real estate investment trusts and international financial services signals an ambition to broaden its business scope beyond core construction activities.

Key Financials (FY26 vs FY25)

• Consolidated Revenue: ₹561.01 crore (FY26) vs ₹64.73 crore (FY25)
• Consolidated PAT: ₹70.35 crore (FY26) vs ₹32.22 crore (FY25)
• NCCCL Order Win: ₹112.5 crore
• Finance Costs: ₹25.63 crore (FY26) vs ₹1.06 crore (FY25)

What to Watch

Investors will closely follow the execution of the SM REIT plans and the progress of international expansion efforts. Managing the increased finance costs while capitalizing on new construction order wins will also be crucial. The stability of the company's credit rating (BBB+ Stable) will be another key indicator to track.