Mumbai, November 14, 2026: Nisus Finance Services Co. Limited, a leading alternative investment and urban infrastructure platform, announced its financial results for the quarter and half year ended September 30, 2026, demonstrating a strong recovery in its core business in Q2 FY27, continued capital deployment across India and the UAE, and progress across its expanding investment and infrastructure platforms.

Q2 FY27 highlights – Nisus core business (excluding NCCCL)

• Total income of ₹37.3 Cr, up 35% from ₹27.6 Cr in Q1 FY27. Growth came from both India and the UAE; UAE income recovered after two softer quarters.
• EBITDA of ₹24.5 Cr at a margin of 65.6%, against ₹17.0 Cr in Q1 FY27.
• PAT of ₹16.4 Cr, up 62% from ₹10.1 Cr. PAT margin was 43.9%, up 730 bps from 36.6%.

H1 FY 27 highlights

• The company deployed ₹673 crore across five investments, including ₹330 crore in four senior secured debt investments across Bengaluru, Pune, Mumbai and MMR region, and AED 137 million (about ₹343 crore) in ready, income-generating residential buildings in Jumeirah Garden City, Dubai, taking core AUM to ₹3,304 crore, with 56% in the UAE and 44% in India
• For H1 FY27, core total income stood at ₹64.8 crore, while EBITDA stood at ₹41.4 crore, with a margin of 63.9%. Core PAT stood at ₹26.4 crore, with a PAT margin of 40.8%. On an adjusted basis, excluding the one-time gain recorded in H1 FY26, core income grew approximately 8% YoY. Nisus also strengthened its platform for future growth, with Ni-YAM receiving SEBI approval and an AIF-1 (Excellent) rating from CareEdge, while Nisus maintained its credit rating of BBB+.
• The H1 performance was driven by strong capital deployment and a growing contribution from Nisus Finance’s Investment Banking Services and Fund and Asset Management Businesses, contributing 68% and 32%, respectively.
• Separately, NCCCL delivered improved operating performance, with revenue rising 12.3% YoY to ₹336 crore, EBITDA margin expanding to 10.3% and PAT increasing nearly four-fold to ₹7.7 crore. With ₹1,270+ crore of new orders in H1 and an order book exceeding ₹2,760 crore, NCCCL provides additional medium-term execution visibility.

Key Financial Highlights: (Core with and without NCCCL)
Particulars (₹ Cr)	Q1 FY27	Q2 FY27	QoQ	H1 FY27	H1 FY26	H2 FY26
Core: Total Income	27.6	37.3	+35%	64.8	74.9*	66.2*
Core: EBITDA	17.0	24.5	+44%	41.4 (63.9%)	55.6	42.5
Core: PAT	10.1	16.4	+63%	26.4 (40.8%)	36.5	31.3
Consol: Total Income	186	213	+15%	399	142.3**	432.6
Consol: EBITDA	34.5	39.5	+15%	74 (18.7%)	61.9	90.7
Consol: PAT	13.3	20	+50%	33.3 (8.3%)	36.9	46.2

* Includes one-time gains on sale of securities (₹15 Cr in H1 FY26, ₹6 Cr in H2 FY26), shown separately in the presentation.

                                ** NCCCL is consolidated from 22 Aug 2025, so consol comparisons are not like-for-like and no consol growth is quoted.

Commenting on the performance, Dr. Amit Goenka, Founder, Chairman & MD, Nisus Finance, said: “We have built strong momentum for FY26-27 with a significant Q2 performance. After two softer quarters, income recovered in the UAE and momentum continued in India. This drove a 35% increase in core income over the previous quarter and a 730-basis-point improvement in PAT margin. We remained active through the cycle, deploying ₹673 crore across five opportunities in H1 and taking our AUM to ₹3,304 crore. In India, a higher policy rate and growing concerns over credit risk are making capital harder to access. We believe this will continue to favour well-underwritten private credit and special situations funds. The UAE market is showing signs of stabilising, with Dubai residential prices now broadly flat after falling around 10% since February. We used this period to strengthen our local presence by adding two assets to the fund, securing additional credit lines from a financial institution and expanding our local team and leadership. We remain focused on deploying capital selectively, maintaining disciplined underwriting and building a platform that can pursue long-term opportunities while protecting capital across market cycles.”

Nisus Finance remains focused on scaling its core platform while maintaining disciplined underwriting and capital protection, with a target of ₹4,000–5,000 crore in AUM, ₹130–150 crore in core revenue by March 2027. The company expects H2 FY27 to be supported by a stronger deployment pipeline, improving UAE contribution, continued investment banking services and the ramp-up of newer platforms, while expanding recurring and fee-based income across real estate, private credit and urban infrastructure. With its India and UAE businesses scaling in parallel and its construction business adding another growth engine, Nisus remains focused on compounding AUM and earnings while delivering sustainable, risk-adjusted returns.