Nirlon Q4 FY25 results (Jan–Mar 2025) and concall

Nirlon Limited reported a steady performance for Q4 and full-year FY25, with modest single-digit growth in income, EBITDA, and PAT. Operational metrics remained strong with a high occupancy rate of 98.2%. Key discussions revolved around the ongoing tax inefficiency due to the current corporate structure, the utilization of growing cash reserves, and the status of large lease renewals, with management largely deferring specific answers on restructuring and cash deployment.