Mumbai: Commercial real estate developer Nirlon Limited reported a 51.3 per cent year-on-year (YoY) decline in net profit to ₹71.90 crore for the second quarter of the financial year 2026-27 (Q2 FY27), compared with ₹147.70 crore in the corresponding quarter of the previous financial year.

Despite the sharp fall in quarterly profit, the company's total income, license fee earnings and operating EBITDA registered moderate growth during the July-September 2026 period.

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Nirlon Q2 FY27 Results: Total Income Rises 3.1%

Nirlon Limited recorded total income of ₹174.10 crore in Q2 FY27, reflecting an increase of 3.1 per cent from ₹168.90 crore reported in the year-ago quarter.

The company's license fee income, a key revenue component of its commercial real estate operations, increased 2.4 per cent YoY to ₹149.90 crore, compared with ₹146.40 crore in Q2 FY26.

EBITDA Registers 2.7% Growth

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 2.7 per cent to ₹136.50 crore during the quarter, against ₹132.90 crore in the corresponding period last year.

The increase in EBITDA came alongside growth in total income and license fee collections, even as the company reported a substantial decline in net profitability.

Total Expenses Increase 4.4%

Nirlon's total expenses climbed 4.4 per cent to ₹37.60 crore in Q2 FY27 from ₹36 crore in the same quarter of the previous financial year.

The increase in expenditure accompanied a comparatively smaller rise in total income during the reporting period.

Nirlon Earnings Per Share Declines

The company's diluted earnings per share (EPS) decreased to ₹7.98 in Q2 FY27, compared with ₹16.39 in Q2 FY26.

Overall, Nirlon's second-quarter financial performance reflected growth in income and operating earnings, while net profit and diluted EPS recorded significant year-on-year declines.

Disclaimer: This report is based on financial figures provided for the company's quarterly results and does not constitute investment advice.

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Mumbai: The rush to accommodate Diwali special trains and additional AC local services has put pressure on Western Railway's suburban timetable, with four local trains losing time between Nalasopara and Borivali on Monday morning. Delays in the door-closing process of AC locals and special trains added to the disruption, leaving commuters waiting longer at stations during the morning rush.

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Ahmedabad And Bhuj Special Trains Add To Morning Peak-Hour Congestion

The disruption was reported during the morning peak hours, when suburban services were already under pressure from increased festive traffic. The Ahmedabad-Mumbai Central special train departed Virar at 7.05 am, followed by the Bhuj-Mumbai Central special at 7.40 am. Their movement added to the traffic load on the suburban section, affecting the running of local trains. The four delayed services required additional time to pass through the Nalasopara-Borivali stretch, where the door-closing process of AC locals and special trains also contributed to the delay.

The additional trains are part of Western Railway's efforts to handle the seasonal rush ahead of Diwali, when passenger demand on long-distance routes rises sharply. However, the disruption highlights the challenge of running extra services on a busy suburban network while maintaining the regular local timetable. The impact was felt most by office-goers and other daily commuters, who faced longer waits at stations and crowding in subsequent local trains. With festive traffic expected to remain high, the railway will have to balance the movement of special trains with the needs of suburban passengers. Even small delays in the movement of trains can have a wider impact during peak hours, when services operate at close intervals and platforms are crowded.

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