Nxtdigital Ltd Q1 FY27 Results

NDLVENTUREQ1 FY27 ResultsAnnounced 10 Aug, 5:49 pm

Result:Weak· Market: FlatMargin squeeze

Metric	Value	Q4 FY26	Q1 FY26
Revenue	0.00 Cr
Total Income	1.27 Cr	0.1%	9.2%
Expenditure	1.15 Cr	9.3%	37.4%
PBT	0.12 Cr	45.9%	64.3%
Net Profit	0.09 Cr	41.5%	63.3%
OPM	—
NPM	7.00%	4.96pp	13.79pp
EPS	0.03	40.0%	57.1%

View full financials

For this near-dormant shell, adjusted PAT fell 63.3% YoY on rising other expenses despite flat other-income top line, with no one-offs to excuse the decline.

Q1 FY-2027 RESULTS · NXTDIGITAL

NDL Ventures Q1FY27 PAT slides 63% YoY to ₹0.09 Cr as margins compress pre-HLFL merger

PAT -63.27% YoY · margins compressing

10 Aug 2026 · 3 min read

Revenue

₹0 Cr

PAT (standalone)

₹0.09 Cr

-63.27% YoY

Net margin

7%

-13.8pp YoY

EPS

₹0.03

NDL Ventures (formerly Nxtdigital) reported standalone PAT of ₹0.0888 Cr for Q1 FY27, down 63.3% year-on-year from ₹0.2418 Cr and down 41.5% sequentially from ₹0.1517 Cr in Q4 FY26. The company has reported zero revenue from operations across the current and all three comparative quarters — its entire top line is "other income" (₹1.2694 Cr this quarter, +9.2% YoY), consistent with its status as a near-dormant holding shell since divesting its cable/broadband distribution business. There is no analyst coverage or consensus estimate available for this stock given its shell status (confirmed via web search), and management has issued no formal guidance or outlook, so the print cannot be benchmarked against street or company expectations.

The scoreboard

Q1 FY-2027 vs prior quarters

Standalone P&L, ₹ Crore

	Q1 FY-2027	QoQ	YoY
Revenue	₹0 Cr	—	—
Expenses	₹1.15 Cr	+9.3%	+37.4%
PAT	₹0.09 Cr	-41.46%	-63.27%
Net margin	7%	-5pp	-13.8pp
EPS	₹0.03	-40%	-57.1%

The profit decline is a margin story, not a revenue one. Net margin (PAT/total income) compressed to 7.0% from 20.8% a year ago and 12.0% last quarter, driven almost entirely by other expenses rising to ₹0.6994 Cr from ₹0.3923 Cr YoY (+78.3%) and from ₹0.4932 Cr QoQ (+41.8%) — plausibly costs tied to the pending merger process, though the filing does not break this out. Employee costs were roughly flat (₹0.4548 Cr vs ₹0.4476 Cr YoY). No exceptional items appear in either the current or comparative periods, so the YoY and QoQ declines are on a like-for-like basis with no one-offs to adjust for.

₹

The tape into the print — daily closes, last 3 months

The stock went into the print at ₹130.65, down 2.5% over the past month of trading.

₹ Cr

Quarterly standalone PAT, ₹ Crore

For context: revenue is at a 6-quarter high.

Beyond the headline

What the summary numbers don't show

EPS (not annualised) fell to ₹0.03 from ₹0.07 a year ago and ₹0.05 last quarter

The quarter's defining corporate event is procedural rather than operational: shareholders approved the Scheme of Merger by Absorption of Hinduja Leyland Finance (HLFL) into the company on July 30, 2026, following the stock exchanges' no-objection letter (May 19, 2026) and an NCLT order convening the meeting (June 17, 2026). The company is now awaiting final NCLT sanction; the filing explicitly notes no financial impact has been given for the merger in these results. Auditors S K Patodia & Associates issued an unmodified limited-review opinion, and the board separately fixed the 41st AGM for September 21, 2026.

W1
Final NCLT sanction for the HLFL merger — completion will convert NDL Ventures into a listed NBFC vehicle, replacing these near-nil operating figures
W2
Trajectory of other expenses (₹0.6994 Cr this quarter, +78.3% YoY) — likely merger-related costs; watch whether this normalizes or stays elevated next quarter
W3
Whether revenue from operations remains nil next quarter or merger-related activity begins appearing in the P&L