Nalwa Sons Investments FY26 profit up 23%, revenue down

Key takeaways from the FY26 filing

Nalwa Sons Investments Limited reported a stronger profit performance for the financial year ended March 31, 2026, supported by a return to profit in the March quarter. On a standalone basis, the company said net profit rose 25.40% year-on-year to ₹46.35 crore, from ₹36.95 crore a year earlier. On a consolidated basis, net profit for FY26 increased to ₹56.69 crore, compared with ₹45.99 crore in FY25.

But the year also showed a decline in consolidated revenue from operations. Consolidated revenue from operations fell to ₹101.15 crore in FY26 from ₹125.22 crore in FY25, as per the audited consolidated results cited in the update.

Standalone FY26: profit rises, board approves audited results

For FY26, the company reported standalone net profit of ₹46.35 crore, up from ₹36.95 crore in FY25. The update also stated that the board approved audited standalone financial results with revenue of ₹67.46 crore and net profit of ₹46.35 crore.

The profit increase is consistent with the year-on-year growth rate of 25.40% that was highlighted for the standalone entity. The figures were reported for the year ended March 31, 2026.

Consolidated FY26: net profit rises as revenue declines

On a consolidated basis, the company reported net profit of ₹56.69 crore for FY26, up from ₹45.99 crore in FY25. Consolidated revenue from operations, however, declined to ₹101.15 crore from ₹125.22 crore over the same period.

The company also reported basic EPS of ₹110.37 for the consolidated entity for the year. Separately, the update included a summary stating net profit rose 23.27% to ₹56.69 crore while revenue declined 19% to ₹101.15 crore.

In another mention within the same information set, consolidated results were also described as showing revenue of ₹101.15 crore and net profit of ₹54.51 crore. The note did not provide additional reconciliation in the provided text, so the two consolidated profit figures appear as reported in different summaries.

March quarter: standalone swings to profit

For the quarter ended March 31, 2026, the standalone business reported a net profit of ₹3.81 crore, compared with a net loss of ₹22.54 crore in the same quarter last year. Total revenue from operations for the quarter was ₹7.85 crore.

The company also reported an exceptional item of ₹0.01 crore for the quarter, attributed to the impact of New Labour Codes. The quarterly swing from loss to profit was the key change in the standalone March-quarter comparison.

March quarter: consolidated results also reverse losses

For the quarter ended March 31, 2026, consolidated net profit stood at ₹5.51 crore. This reversed a consolidated net loss of ₹26.45 crore recorded in the corresponding quarter of the previous year.

The March-quarter turnaround on the consolidated basis aligns with the full-year trend of higher net profit in FY26 versus FY25, even as revenue from operations was lower year-on-year.

Snapshot table: FY26 vs FY25 (as reported)

Quarterly comparison table: March quarter performance

Market data points: share price and listing details

The update also carried market-related reference points. Nalwa Sons Investments’ listing date was stated as November 3, 1994. The share price was noted at ₹5,620 at market close, with an intraday high of ₹5,720 and a low of ₹5,535.

The last earnings date mentioned for Q3 FY25-26 was February 13, 2026.

Q3 FY26 indicators mentioned in the data

Alongside the audited FY26 results, the information set included a separate Q3 FY26 snapshot. It stated that net profit fell 8.21% year-on-year to ₹7.49 crore in Q3 FY25-2026 and that net profit declined 52.35% on a quarter-on-quarter basis.

In the same block, revenue of ₹11.94 crore for December 2025 (Q3 FY26) and net profit of ₹7.53 crore for December 2025 (Q3 FY26) were also listed. These Q3 profit figures were presented as-is in the provided text.

Market impact: what the FY26 mix signals

The reported numbers show a clear split between profit and revenue on the consolidated basis in FY26. Consolidated profit increased year-on-year while consolidated revenue from operations declined from ₹125.22 crore to ₹101.15 crore.

For investors tracking quarter-to-quarter swings, the March quarter reversal from losses to profits stood out on both standalone and consolidated bases. Separately, the Q3 FY26 snapshot cited a year-on-year and sequential decline in net profit for that quarter, which suggests that quarterly outcomes varied during the year, based on the figures presented.

Analysis: why the March quarter reversal matters

The most direct change in the FY26 reporting package is the shift from large losses in the March quarter of the previous year to profits in the March quarter of FY26. Standalone moved from a loss of ₹22.54 crore to a profit of ₹3.81 crore, while consolidated moved from a loss of ₹26.45 crore to a profit of ₹5.51 crore.

The presence of an exceptional item linked to New Labour Codes was disclosed for the standalone March quarter, though the amount was small at ₹0.01 crore. Over the full year, the rise in consolidated EPS to ₹110.37, as stated, was one of the headline metrics accompanying the audited consolidated results.

Conclusion

Nalwa Sons Investments closed FY26 with higher net profit on both standalone and consolidated bases, while consolidated revenue from operations declined year-on-year. The March quarter’s swing back to profit was a key year-end development, and the company reported audited standalone and consolidated financial results for FY26.