NIS Management Q4 FY26: Strong operating profit, exceptional labour-code hit clouds reported PAT

Total income was 436.70 crore in FY26 as per the consolidated profit and loss statement.

FY26 revenue contribution was Security Services 199.49 crore (46.03 percent), Housekeeping and Payroll 171.01 crore (39.46 percent), Integrated Facility Management 56.91 crore (13.13 percent), and other services 5.99 crore (1.38 percent).

The company recognized a one-time exceptional provision of 27.82 crore related to implementation of New Labour Codes. Reported PAT was -1.85 crore, while adjusted PAT was 19.12 crore.

EBITDA was 33.53 crore and EBITDA margin was 7.68 percent in FY26.

The presentation highlighted Mumbai Police CCTV project valued at 2.18 crore, West Bengal CCTV and OFC work valued at 56 lakhs, and a Bihar Secretariat housekeeping contract valued at 10.36 crore with a 5-year tenure.

The presentation states CCTV rentals deliver around 20 to 25 percent EBITDA margins, higher than manpower-led services.

ICRA reaffirmed short-term rating A2 and upgraded the long-term rating outlook to Positive for BBB+ rated facilities, with total rated bank facilities of 105.87 crore.