Mumbai, May 27: Nisus Finance Services Co Limited, an alternative investment and urban infrastructure platform, announced its audited financial results for the second half and financial year ended March 31, 2026, reporting strong operational growth, platform expansion, and sustained profitability despite temporary geopolitical disruptions in Q4.
Strong Core Business Performance
Nisus Finance’s core business of fund management and transaction advisory delivered robust growth in FY26:
- Total Income: INR 141.07 crore (↑110% YoY)
- Profit After Tax (PAT): INR 67.76 crore (↑108% YoY)
- EBITDA: INR 100.80 crore
- EBITDA Margin: 70.5%
Assets under management (AUM) grew 67% YoY to INR 2,631 crore, driven by investments across India and Dubai, strategic exits, and strong traction in private credit and urban infrastructure opportunities.
Core Business Financial Highlights (Excluding NCCCL)
| Particulars (₹ Cr) | Q4 FY26 | H2 FY26 | FY26 | FY25 |
|---|---|---|---|---|
| Total Income | 27.42 | 66.19 | 141.07 | 67.30 |
| EBITDA | 14.47 | 42.45 | 100.80 | 44.80 |
| EBITDA Margin (%) | 57.1% | 66.9% | 71.5% | 66.1% |
| PAT | 11.05 | 31.25 | 67.76 | 32.58 |
| PAT Margin (%) | 40.3% | 47.21% | 48.0% | 48.4% |
Q4 FY26 Performance and Outlook
The fourth quarter witnessed a temporary moderation in revenue due to deferred investment activity linked to geopolitical developments in West Asia. The company clarified that the impact was event-driven and non-structural, with several India and UAE transactions expected to be completed in FY27.
Consolidated Performance (Including NCCCL)
On a consolidated basis, including New Consolidated Construction Company Limited (NCCCL), Nisus Finance reported:
- Total Income: ₹574.92 crore
- PAT: INR 83.08 crore
- EBITDA Margin: 24.73%
Consolidated Financial Highlights (Including NCCCL)
| Particulars (₹ Cr) | Q4 FY26 | H2 FY26 | FY26 |
|---|---|---|---|
| Total Income | 203.58 | 432.62 | 574.92 |
| EBITDA Margin (%) | 13.5% | 18.69% | 24.73% |
| PAT | 25.12 | 46.15 | 83.08 |
| PAT Margin (%) | 12.3% | 10.67% | 14.5% |
NCCCL Integration and Order Growth
NCCCL, acquired during FY26, continued to strengthen Nisus Finance’s integrated infrastructure platform, adding over INR 1,200 crore in new orders till May 26, enhancing medium-term execution visibility.
International Expansion
The company’s Dubai-focused AUM grew 223% YoY to ₹1,516 crore, supported by investments in income-generating residential assets and high-yield opportunities. The UAE portfolio remained resilient despite regional geopolitical disruptions, reporting zero impairment and continued NAV appreciation.
Commenting on the performance, Dr. Amit Goenka, Chairman & Managing Director, said:
“FY26 was a defining year for Nisus Finance. We scaled the platform meaningfully while remaining resilient through global uncertainty. Despite temporary disruptions in cross-border investment activity in Q4, we exceeded our revenue guidance and maintained strong profitability. Our India and UAE businesses continued to show momentum, and the acquisition of NCCCL has further strengthened our integrated urban infrastructure strategy. We enter FY27 with a strong pipeline across fund management, structured credit, redevelopment, and infrastructure opportunities.”
Strategic Focus Ahead
During the year, the company also advanced strategic initiatives including Ni-YAM, a hybrid credit and asset appreciation platform, along with plans for SM REIT structures and GIFT City feeder platforms.
Nisus Finance reaffirmed its focus on capital preservation, disciplined underwriting, and long-term value creation, while continuing to expand its cross-border investment and advisory capabilities.
With a diversified platform spanning fund management, transaction advisory, strategic investments, and infrastructure execution, the company remains well-positioned to benefit from growing demand for alternative capital and urban infrastructure financing across India and the GCC region.