Nirlon Reports Q2 Net Profit Of ₹71.90 Crore On Revenue Of ₹174.10 Crore
Mumbai: Commercial real estate developer Nirlon Limited reported a 51.3 per cent year-on-year (YoY) decline in net profit to ₹71.90 crore for the second quarter of the financial year 2026-27 (Q2 FY27), compared with ₹147.70 crore in the corresponding quarter of the previous financial year. Despite the sharp fall in quarterly profit, the company's total income, license fee earnings and operating…
Commercial real estate firm Nirlon Limited disclosed on Tuesday that its net profit for the second quarter of the current financial year fell 51.3% year-on-year to ₹71.90 crore, despite a modest uptick in revenue and operating earnings. The Mumbai-based developer reported total income of ₹174.10 crore for Q2 FY27, marking a 3.1% rise from ₹168.90 crore in the same quarter last year.
License fee income, a crucial revenue source for Nirlon, climbed 2.4% YoY to ₹149.90 crore. However, the company's earnings before interest, tax, depreciation, and amortisation (EBITDA) also grew 2.7% to ₹136.50 crore, up from ₹132.90 crore in the previous quarter. While Nirlon's overall financial performance displayed positive trends, net profit and diluted earnings per share (EPS) witnessed steep declines, with EPS dropping to ₹7.98 from ₹16.39 in Q2 FY26.
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