Just when SME investors thought “76% EBITDA margin” was a typo, Nisus calmly logged into the concall and doubled down. Post-IPO hangover? Nope. This was more like IPO steroids with a side of construction acquisition.
While most finance companies politely talk about “pipeline visibility,” Nisus casually dropped words like ₹4,600 crore pipeline, ₹5,000 crore order book, and 30% IRR — without blinking. Analysts scrambled, retail investors clapped, and skeptics quietly refreshed the transcript.
Between a 78-year-old construction company bought “cheap,” Dubai licenses, tokenisation dreams, and PAT margins that most NBFCs would sell kidneys for — this concall was less earnings discussion, more controlled flex.
Read on. Because when management says H1 already beat last year, things only get louder from here.
2. At a Glance
Revenue ₹142 cr (H1) – Growth so fast even Excel needed a breather.
Core Nisus revenue up 118% YoY – IPO money didn’t go on office chairs.
EBITDA margin ~76% – PE bros quietly taking notes.
PAT ₹36.5 cr, +94% YoY – Bottom line finally matching the pitch deck.
AUM ₹1,900 cr – Marching confidently towards the ₹4,004 cr dream.
3. Management’s Key Commentary
“FY26 is a defining period for Nisus Finance.” (Translation: This is where we separate ourselves from the SME crowd 😎)
“We have transitioned into a fully integrated cross-border urban platform.” (Translation: We’re not just lenders anymore, deal with it 🌍)
“EBITDA margins of over 76% are remarkable.” (Translation: Yes, we know. Please stop asking how 🤷♂️)
“We acquired NCCCL at a fraction of its revenue.” (Translation: Distress sale? No. Relationship alpha 💸)
“Order book of ₹2,350 cr, scaling to ₹5,000 cr.” (Translation: Construction is no longer the boring cousin 🏗️)
“Tokenisation could be a ₹5 trillion opportunity.” (Translation: Future revenue slides loading… ⏳)
