Nisus Finance Services has reported its audited financial results for the fourth quarter of FY26. Nisus Finance Q4 & FY26 results were characterised by significant growth in the core fund management business and the structural integration of its newly acquired EPC subsidiary, New Consolidated Construction Company Ltd (NCCCL).
Nisus Finance Q4 & FY26 Results: Financial Performance
The company’s standalone core business reported total revenue of INR 141 Crore for FY26, representing a 110% year-over-year (YoY) increase. Core Profit After Tax (PAT) grew by 108% YoY to INR 68 Crore, maintaining a robust PAT margin of 48%.
FY26 marks the first reporting period reflecting the consolidation of NCCCL, following Nisus’s acquisition of a 54% stake in August 2025. On a consolidated basis, Nisus reported total revenue of INR 575 Crore and a PAT of INR 83 Crore, reflecting a 14.5% consolidated PAT margin.
| Metric | Nisus Core Business | Nisus Consolidated | YoY Growth (Core) |
| Total Revenue | 141 | 575 | +110% |
| EBITDA | 97 | 139 | +117% |
| PAT | 68 | 83 | +108% |
| PAT Margin | 48.0% | 14.5% | — |
| Deployed AUM | 2,631 | 2,631 | +67% |
For Nisus Finance Q4 & FY26, the core business generated revenue of INR 27.42 crore and a PAT of INR 11.05 crore. Management attributed the sequential moderation in Q4 to a deliberate deferral of transaction activity, specifically an AED 200 million deal in the UAE, in response to geopolitical instability in West Asia during February and March 2026. The company opted to retain dry powder rather than deploy capital into uncertain market conditions. Despite the temporary slowdown in transaction velocity, the existing UAE portfolio reported zero impairment, with core residential assets maintaining a ~30% NAV appreciation.
AUM Expansion and Exits
Total deployed Assets Under Management (AUM) expanded by 67% YoY to INR 2,631 Crore. The firm executed five investments across India and the UAE during the fiscal year.
Notably, the firm fully exited a township development investment in the NCR region ahead of the scheduled June 2026 timeline, realizing a 16.5% IRR. An earlier exit from a Bengaluru special situation yielded a 23% IRR.
NCCCL Integration and Order Book
The integration of NCCCL has provided Nisus with an execution-focused revenue stream. In its first year under Nisus management, NCCCL reported a PAT of INR 16.4 Crore, a 4.7x YoY improvement. The EPC division added ~INR 313 Crore in new orders during FY26, bringing the closing order book to INR 1,833 Crore. Order intake accelerated post-fiscal, with ~INR 870 Crore in new contracts secured in April and May 2026.
Nisus Finance Q4 FY26 Results: Management Outlook
Management has outlined a deal pipeline exceeding INR 3,000 crore across its India and UAE platforms for FY27. To support future AUM targets, Nisus plans to launch two new regulated vehicles:
- Ni-YAM (Nisus Yield & Asset Multiplier): A hybrid credit and asset appreciation Category II AIF targeting INR 2,500 Crore, currently awaiting SEBI approval.
- SM REIT: A small and medium real estate investment trust targeting INR 2,000 Crore, scheduled for launch in H2 FY27.
The company’s proprietary capital investments also increased from INR 48 Crore to INR 128 Crore during the year, reflecting internal deployment alongside external LP commitments.
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