Nisus Finance Services Co. Ltd. has reported its strongest half-yearly performance to date, with H1 FY26 results surpassing the company’s full-year FY25 figures and marking a new phase of scale and growth. Revenue from core operations reached Rs 748.9 million in the first half, exceeding the full FY25 total of Rs 673 million. Consolidated revenue, including contributions from New Consolidated Construction Co. Ltd. (NCCCL), rose sharply to Rs 1.42 billion, compared with Rs 343.6 million in H1 FY25, reflecting exceptional year-on-year expansion. Sequential momentum remained strong, with Q2 revenue increasing by 61 per cent to Rs 461.7 million from Rs 287.2 million in Q1 FY26. This growth was driven by investment gains, higher transaction volumes and increased contributions from the company’s India and UAE operations. Consolidated EBITDA for the half year stood at Rs 620 million, with the ex-NCCCL margin at around 74 per cent — among the highest in the industry. Profit after tax reached Rs 356 million, supported by disciplined cost control, operating leverage and diversified income streams. Managing Director Amit Goenka said the H1 results reflected the company’s disciplined execution and the strength of its diversification across geographies, asset classes and business models. He noted that the acquisition and integration of NCCCL, expansion in Dubai and a fortified capital base had positioned Nisus as a diversified alternative-investment and infrastructure platform with global reach. The integration of NCCCL marked a significant milestone in Nisus’s evolution, creating a fully integrated urban-infrastructure platform combining financing, asset management and execution capabilities. NCCCL reported FY25 revenue of Rs 6.08 billion and holds an order book exceeding Rs 23.5 billion across more than 30 projects with top-rated developers. The company is targeting a doubling of this order book to Rs 50 billion, supported by a higher-margin mix that includes data centres, hospitals, institutional buildings, Grade-A offices and industrial facilities. Internationally, Nisus completed its largest global investment to date with the acquisition of a 24-storey residential tower in Dubai’s Motor City for Rs 5.25 billion. Purchased at a deep discount to market value, the asset offers rental upside of around 38 per cent and a projected IRR of 24 to 32 per cent. This move strengthens Nisus’s GCC strategy and positions Dubai as a core hub for its global real-estate operations. Nisus also achieved a significant credit-rating milestone, becoming the first Indian AIF business to secure a BBB+ rating from CareEdge, reflecting institutional-grade governance, a zero-loss investment record and consistent returns for investors. Balance-sheet indicators also improved: of the Rs 1.1 billion facility raised for the NCCCL acquisition, Rs 600 million has already been repaid through stake sales and internal accruals; share-pledge levels have fallen to around 18 to 19 per cent; and the company’s own capital contributions have risen from Rs 480 million to Rs 1.06 billion, demonstrating promoter confidence. On the people front, Nisus introduced an ESOP scheme for top performers, won the Global Real Estate Institute’s “Fundraising of the Year” award for a uniquely structured Rs 1.45 billion transaction, and earned Great Place to Work® certification for 2025. With a strengthened platform, expanding global footprint, robust balance sheet and scalable business model, Nisus Finance is positioned to maintain its growth trajectory and deliver sustained value to investors, partners and stakeholders.