NIS Management Ltd Q2 FY27 Revenue Rises 16.3%, Profit Falls 27.3%

NIS Management Ltd reported consolidated revenue from operations of ₹133.3 crore in Q2 FY27, up 16.3% year on year, while net profit fell 27.3% to ₹4 crore for the quarter ended September 30, 2026. The result shows continued revenue growth but lower profitability compared with both the preceding quarter and the year-earlier period.

What did NIS Management Ltd report for Q2 FY27?

NIS Management Ltd reported total income of ₹133.6 crore for the September 2026 quarter, compared with ₹115.1 crore in Q2 FY26 and ₹115.4 crore in Q1 FY27. Revenue from operations stood at ₹133.3 crore, against ₹114.6 crore a year earlier and ₹114.5 crore in the June 2026 quarter.

Net profit was ₹4 crore, compared with ₹5.5 crore in Q2 FY26 and ₹6.4 crore in Q1 FY27. Profit before tax and profit before exceptional items and tax were both ₹4.4 crore, lower than ₹6.4 crore a year earlier and ₹6.6 crore in the preceding quarter. Other income was ₹0.3 crore, compared with ₹0.5 crore in Q2 FY26 and ₹1 crore in Q1 FY27.

How did the board approve the September 2026 results?

The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. NIS Management also enclosed a fund utilisation certificate with its announcement, though the available information does not provide figures or further details from that certificate.

The company had informed exchanges on November 5, 2026 that its board would meet on November 14 to consider the results. It also noted the closure of the trading window in connection with the financial-results process. The results were subsequently reported through a BSE filing for the company, whose BSE code is 544495.

Why did profit decline despite higher revenue?

NIS Management's net profit declined 27.3% year on year even as revenue from operations rose 16.3%. On a sequential basis, net profit was down 37.5% from ₹6.4 crore in Q1 FY27, while revenue increased from ₹114.5 crore to ₹133.3 crore.

The operating margin declined to 3.3% from 5.6% in Q2 FY26 and 5.7% in Q1 FY27. Operating profit was reported to be down 30.5% year on year and 26.8% quarter on quarter. The information provided does not state a specific reason for the lower margin and profit, so the results establish the change in reported performance without attributing it to a particular cost or business factor.

What is the financial context behind NIS Management's results?

The September-quarter outcome follows a mixed recent profit trend. NIS Management reported quarterly net profit of ₹3.57 crore in December 2024, ₹6.01 crore in March 2025, ₹4.72 crore in June 2025 and ₹5.51 crore in September 2025. Profit then moved to ₹2.83 crore in December 2025 before the company reported a loss of ₹14.04 crore in March 2026.

The company returned to profit in the June 2026 quarter, reporting ₹6.4 crore of net profit on sales of ₹114 crore. Separately, NIS Management reported FY26 total income of ₹436.70 crore and EBITDA of ₹33.53 crore. It also referred to order-book growth and future expansion plans in its September 2026 results update, without providing comparable order-book figures in the supplied information.

How do the Q2 numbers matter to investors and operations?

For investors, the key contrast is between the revenue increase and the fall in profit and operating margin. Revenue exceeded both the year-earlier and June-quarter levels, but profit before tax and net profit were below both comparison periods. This makes the margin movement an important reported indicator alongside top-line growth.

NIS Management has scheduled an earnings call for November 17, 2026, at 12:00 PM to discuss its Q2 and H1 FY27 results. The company said Managing Director Debajit Choudhury and Chief Financial Officer Kanad Mukherjee would participate. The call is the next disclosed forum for management to discuss the quarter's reported financial performance.

Conclusion

NIS Management delivered higher Q2 FY27 revenue of ₹133.3 crore, but its ₹4 crore net profit was lower than both Q2 FY26 and Q1 FY27. The reported operating margin of 3.3%, versus 5.6% a year earlier, captures the difference between the company's revenue growth and its profit performance during the quarter.

The next scheduled event is the November 17, 2026 earnings call on the Q2 and half-year results. Investors will be able to track management's discussion of the approved results, the fund utilisation certificate and the company's previously referenced order-book growth and expansion plans.