NISUS FINANCE SERVICES CO LIMI Earnings Summary — Q4 FY2026
Nisus Finance Reports Explosive Revenue Growth Amidst Business Model Transition
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 5.5% sequentially in Q1 FY2027.
- Revenue of ₹185 Cr is 1262.2% higher year-on-year.
- Revenue has compounded at 1262.2% annualised over the last 10 quarters.
- Net profit of ₹11 Cr is 35.7% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 35.7% annualised across the period.
- Operating margin stands at 17.3% in Q1 FY2027.
- Operating margin compressed by 5956 bps year-on-year.
- PBT margin is 8.4%.
- Expenses grew 4771.0% against revenue growth of 1262.2%.
- Operating profit of ₹32 Cr is 206.9% higher year-on-year.
- Operating leverage has been under pressure recently.
- 1 of the last 1 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 58/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q1 FY2026 | Q1 FY2025 | Q4 FY2019 | Q3 FY2019 | Q2 FY2019 | Q1 FY2019 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 185 | 196 | 225 | 28 | 14 | — | — | — | — | — |
| Expenses | Accelerating | 153 | 161 | 181 | 7 | 3 | — | — | — | — | — |
| Operating Profit | Improving | 32 | 35 | 44 | 21 | 10 | — | — | — | — | — |
| Operating Margin | Declining | 17.3% | 17.9% | 19.3% | 75.2% | 76.9% | — | — | — | — | — |
| Other Income | Accelerating | 1 | 8 | 0 | 0 | 2 | — | — | — | — | — |
| Interest | Strong Uptrend | 9 | 9 | 12 | 0 | 0 | — | — | — | — | — |
| Depreciation | Strong Uptrend | 9 | 9 | 6 | 1 | 0 | — | — | — | — | — |
| Profit Before Tax | Improving | 16 | 25 | 27 | 20 | 12 | — | — | — | — | — |
| Tax | Accelerating | 3 | 0 | 6 | 3 | 3 | — | — | — | — | — |
| Net Profit | Volatile | 11 | 18 | 21 | 16 | 8 | — | — | — | — | — |
| Net Margin | Declining | 6.1% | 9.3% | 9.1% | 56.9% | 61.2% | — | — | — | — | — |
Key Takeaways
- Nisus is undergoing a hyper-scaling phase, transitioning from a boutique advisory firm to a capital-intensive fund management player.
- The business model has shifted toward high-volume, lower-margin asset-backed activities, resulting in a sharp OPM contraction from 85% to 25%.
- Total assets have expanded aggressively, growing from ₹49 Cr to over ₹1,000 Cr in just two fiscal years.
- Financial health is pressured by a massive spike in debt, rising from ₹9 Cr to ₹262 Cr, and deteriorating cash flow dynamics.
- Operational efficiency, while still respectable with an ROCE of 24.3%, has declined significantly from the 88.2% reported in FY24.
- Management is actively expanding international footprints, specifically in the UAE, while managing a significantly larger balance sheet.
Management Guidance
Management is focused on scaling the deal pipeline and international expansion, though they face increased complexity in consolidated accounts and higher execution risks due to the larger workforce and capital-heavy strategy.
Sentiment Shift
Deteriorating
While revenue growth is exceptional, the sharp decline in operating margins and massive increase in leverage raise concerns about the quality of recent growth.
Outlook
The company is positioned as an emerging compounder, but its reliance on real estate cycles and the high debtor cycle (196 days) creates significant liquidity risk that must be managed alongside growth.
From the Annual Report (Key Quotes)
“The business quality is currently characterized by high growth coupled with deteriorating cash flow dynamics.”
“Sudden explosion in debt from ₹9 Cr to ₹262 Cr warrants close monitoring.”
“Execution risk remains high as the company manages a much larger balance sheet and workforce than it did three years ago.”
Official Quarterly Documents
This summary is AI-generated from NISUS FINANCE SERVICES CO LIMI's latest quarterly filing and earnings call. For informational purposes only — not investment advice.