Nicco Parks & Resorts Ltd (526721)
Snapshot
Events
- Latest results
- Q2 FY27, filed 9 Nov 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
Nicco Parks & Resorts Ltd reported Q2 FY27 results on 9 Nov 2026: revenue ₹10.2 Cr (-11.2% year on year, -46.4% on the previous quarter), and net profit ₹-1.7 Cr (against a profit a year earlier); the operating margin was -17.6%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹10.2 | -11.2% | -46.4% |
| Operating profit | ₹-1.8 | loss widened | to loss |
| Net profit | ₹-1.7 | to loss | to loss |
| EPS (₹) | -0.36 | to loss | to loss |
| Operating margin | -17.6% | — | — |
- Into loss: a profit a year ago
- Profit -999% below its own trend
- Operating margin contracted 1554 bps YoY
Against its own trend: net profit of ₹-1.7 Cr was -999.0% against the ₹0.1 Cr its recent growth pointed to (below trend). This is a statistical baseline, not an analyst estimate.
📢 Recent Corporate Announcements
Nicco Parks & Resorts reported a standalone net loss of ₹1.71 Cr for Q2 FY27 (ended September 30, 2026), swinging from a net profit of ₹0.18 Cr in Q2 FY26. Revenue from operations dropped 11.2% YoY to ₹10.22 Cr compared to ₹11.50 Cr in the year-ago period. Total expenses stood at ₹12.98 Cr, resulting in a pre-tax loss of ₹2.36 Cr. Additionally, statutory auditors highlighted material uncertainty regarding the company's going-concern status due to pending renewal of the 33-year park land lease that expired in February 2023, along with unilateral repossession of 1.46 acres of land by the State Government.
- Revenue from operations fell 11.2% YoY to ₹1,021.61 Lakhs (₹10.22 Cr) in Q2 FY27 versus ₹1,150.15 Lakhs in Q2 FY26
- Net loss for the quarter stood at ₹170.60 Lakhs (₹1.71 Cr) compared to a net profit of ₹17.59 Lakhs in Q2 FY26
- Auditor flagged material uncertainty over going concern as the primary 33-year land lease expired on 28-Feb-2023 and renewal remains pending execution
- The West Bengal Department of Tourism repossessed ~1.46 acres of F&B land effective 08-Nov-2025 without formalized transition agreements
- Basic EPS fell to negative ₹0.36 for the quarter versus ₹0.04 in Q2 FY26
Nicco Parks & Resorts has declared an interim dividend of Rs 0.25 per share (25% of face value) for the first quarter of FY27. The record date for determining shareholder eligibility is fixed for August 21, 2026, with the payout expected by September 11, 2026. This dividend declaration follows a challenging FY26 where the company reported a net loss of Rs 2.73 Cr, compared to a profit of Rs 22.44 Cr in FY25. The current payout represents a yield of approximately 0.34% on the current share price of Rs 72.5.
- Interim dividend of Rs 0.25 per share declared on a face value of Rs 1.00.
- Record date for dividend eligibility set for August 21, 2026.
- Dividend payment to be completed on or before September 11, 2026.
- Dividend rate is 25% of the equity share capital for the quarter ended June 30, 2026.
Nicco Parks reported a 27.5% YoY decline in revenue from operations to ₹19.05 Cr for Q1 FY27. Net profit stood at ₹5.19 Cr, down from ₹19.40 Cr in the previous year's quarter, though the latter was inflated by a ₹15.41 Cr exceptional gain. The company declared an interim dividend of ₹0.25 per share (25% of face value). Crucially, auditors have issued a 'going concern' warning due to material uncertainty regarding land repossession by the West Bengal government and pending formalization of agreements.
- Revenue from operations decreased to ₹19.05 Cr in Q1 FY27 from ₹26.29 Cr in Q1 FY26.
- Net profit for the quarter was ₹5.19 Cr, compared to ₹19.40 Cr YoY (which included a ₹15.41 Cr gain from share sales).
- Interim dividend of ₹0.25 per share declared with a record date of August 21, 2026.
- Park Operations segment revenue, the core business, fell to ₹18.00 Cr from ₹24.38 Cr YoY.
- Auditors highlighted material uncertainty regarding the company's ability to continue as a going concern due to land repossession issues.
Nicco Parks & Resorts has scheduled a board meeting on August 13, 2026, to approve Q1 FY27 financial results and consider a proposal for an interim dividend. The company has pre-emptively fixed August 21, 2026, as the record date for the dividend, if declared. This announcement follows a challenging FY26 where the company reported a net loss of Rs 2.73 crore and a revenue decline to Rs 66.35 crore from Rs 75.02 crore in FY25. Despite recent losses, the company maintains a zero-debt balance sheet and a strong promoter holding of 69.43%.
- Board meeting scheduled for August 13, 2026, to consider Q1 FY27 results and interim dividend.
- Record date for the potential interim dividend is fixed for August 21, 2026.
- Company reported a TTM net loss of Rs 3 crore against a market cap of Rs 332 crore.
- FY26 revenue of Rs 66.35 crore represents a ~11.5% decline compared to FY25 revenue of Rs 75.02 crore.
- Promoter holding remains stable at 69.43% as of March 2026.
Nicco Parks & Resorts has appointed two new directors to its board effective July 20, 2026. Shri Soumitra Sankar Sengupta, a 2009 batch IAS officer and current Managing Director of West Bengal Tourism Development Corporation, joins as a Nominee Director. Mr. Shiv Siddhant Narayan Kaul, a Princeton University graduate with specific exposure to the theme parks industry, has been appointed as a Non-Executive Director. These appointments reinforce the company's joint-sector relationship with the West Bengal government, which holds a significant stake in the 351 Cr market cap company.
- Appointment of Shri Soumitra Sankar Sengupta, a 2009 batch IAS officer, as Nominee Director.
- Appointment of Mr. Shiv Siddhant Narayan Kaul, a Princeton University graduate, as Non-Executive Director.
- The board meeting conducted for these appointments lasted 3 hours and 35 minutes on July 20, 2026.
- The company continues its strategic partnership with the Government of West Bengal (WBIDC & WBTDC).
- Promoter holding remains stable at approximately 69.4% as per recent filings.
Company profilewritten 13 Nov 2025
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Products & Services
Amusement park services, water park attractions, and resort facilities.
Brand Portfolio
Nicco Park
Strategic Alliances
Joint Sector Company with the Government of West Bengal, specifically West Bengal Industrial Development Corporation (WBIDC) and West Bengal Tourism Development Corporation (WBTDC).
External Factors
Competitive Moat
The company operates as a Joint Sector Company with the Government of West Bengal (WBIDC & WBTDC), which provides a significant competitive advantage in terms of land access, regulatory support, and regional brand authority in the tourism and amusement sector.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Geographic Concentration Risk
The company is headquartered in Kolkata, West Bengal, indicating a high geographic concentration in the Eastern Indian tourism market.
Third Party Dependencies
Dependency on R&D Infotech Pvt. Ltd. for Registrar and Transfer Agent (RTA) services.
