NIS Management Q4 FY26: ₹118 Cr income, EBITDA up 30%

Key update for investors

NIS Management Limited reported Q4 FY26 total income of ₹118.03 crore, alongside a year-on-year rise in operating profitability. The company’s Q4 FY26 EBITDA came in at ₹11.11 crore, up 29.75% YoY, with an EBITDA margin of 9.41%. For the full year FY26, total income stood at ₹436.70 crore, but reported profitability was affected by a large exceptional item linked to new labour codes. The updates are relevant for investors tracking execution momentum, order inflows, and how one-time accounting provisions can distort headline profit numbers.

Q4 FY26: revenue and margin snapshot

In Q4 FY26, NIS Management reported total income of ₹118.03 crore, translating into 13.96% YoY growth. EBITDA increased to ₹11.11 crore, and the company disclosed an EBITDA margin of 9.41%. The margin expansion was quantified at 115 basis points YoY. The company also reported an adjusted net profit of ₹6.86 crore for Q4 FY26, up 13.56% YoY over Q4 FY25. These numbers collectively indicate stronger operating performance in the quarter compared with the year-ago period, based on the company’s own presentation.

FY26 performance: growth in income, but a reported loss

For FY26, NIS Management reported total income of ₹436.70 crore, reflecting 7.74% YoY growth. FY26 EBITDA was ₹33.53 crore, up 12.19% YoY, and EBITDA margin was reported at 7.68%, up 30 basis points YoY. The company also disclosed revenue from operations of ₹433.40 crore for the year to March 2026. Despite the higher EBITDA, the company reported a consolidated net loss of ₹1.85 crore for FY26 (₹185.36 lakh). This compared with a profit of ₹18.67 crore in FY25 (₹1,866.68 lakh), highlighting the impact of items below operating profit.

Exceptional item tied to new labour codes

NIS Management stated that it recognized an exceptional item of ₹27.82 crore due to actuarial valuation of employee benefit obligations under the New Labour Codes notified by the Government of India on November 21, 2025. The disclosure also noted a corresponding deferred tax asset of ₹6.85 crore. The company attributed the FY26 reported loss primarily to this non-cash provision, even as it cited growth in core EBITDA. This distinction between operating performance and reported net profit is central to how FY26 numbers should be interpreted.

Quarterly financial trend (Dec 2024 to Jun 2026)

The company’s quarterly data shows revenue generally around the ₹100 crore to ₹118 crore range during the period provided, while EBITDA fluctuated more sharply. One notable data point is the quarter ended Mar 2026, where EBITDA was shown as negative in the table.

Q1 and recent quarterly numbers cited in disclosures

NIS Management’s quarter-ended Jun 2026 performance was cited as sales of ₹114 crore and net profit of ₹6.4 crore. The same disclosure set also stated sales were up 15.2% from ₹99.38 crore a year earlier, and net profit rose 35.6% YoY. Separately, a “Last Earnings Date” snapshot for Q1 FY26-27 (dated 14th Aug, 2026) listed revenue of ₹110 crore, gross profit of ₹8 crore, and net profit of ₹6 crore. The company also noted there was no quarterly earnings forecast data available for the stock in the referenced dataset.

Order inflow and work orders: what the company has won

NIS Management disclosed multiple contract wins and order flow data points across government and corporate entities. An “Order Value Trend” item showed FY 2026-27 order value of ₹122.58 crore across 10 orders. The company also cited a West Bengal work order of about ₹1.50 crore under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) for rural youth training and placement, described as a 36-month contract.

In another update, the company said the total Q2 FY27 order inflow reached ₹73.88 crore across seven deals. It also disclosed securing ₹48.03 crore in new orders, including ₹45.71 crore from Reliance Group entities. Post March 2026, it cited additional wins including two Patna contracts worth ₹19.57 crore and ₹14.65 crore (each with a five-year tenure), and a ₹7.93 crore skill development contract from the Government of Odisha under DDU-GKY (two-year tenure). One more disclosure referenced a ₹7.92 crore Odisha Rural Development and Marketing Society order to train and place 1,200 rural youth under DDU-GKY.

Full-year context: operating revenue and half-year performance

For the year to March 2026, NIS Management reported consolidated operating revenue of about ₹433 crore, consistent with the reported revenue from operations figure of ₹433.40 crore. The company also cited H1 FY26 consolidated revenue of ₹214.89 crore, up 6.8% year-on-year. These figures provide additional context on how the business scaled through FY26, even as the final reported net result was affected by the labour-code-related exceptional item.

What to watch in upcoming updates

The next key milestone mentioned is the earnings date of 14th Aug, 2026 for Q1 FY26-27. Investors typically track whether the pace of order inflows translates into stable quarterly revenue and operating margin performance. Another focus area is how employee benefit obligations and related accounting items evolve after the exceptional item booked in FY26. Any further disclosures around the impact of the new labour codes could also influence how reported profits compare with operational trends.

Summary table: reported highlights at a glance

Conclusion

NIS Management’s Q4 FY26 performance showed higher EBITDA and improved margins alongside double-digit YoY growth in total income. For FY26, the company reported income growth and higher EBITDA, but a reported net loss driven largely by a ₹27.82 crore exceptional item related to employee benefit obligations under new labour codes. Alongside financial performance, the company has highlighted multiple new work orders and order inflow metrics into FY27. The next widely cited checkpoint is the Q1 FY26-27 earnings date of 14th Aug, 2026.