Why did the company report a loss despite rising net profits?

Net profit reflects operational earnings, while total income includes fair value changes in equity investments. A ₹1,899.72 crore loss on these investments erased operational gains.

How do these results compare to the previous year?

In FY25, the company recorded a consolidated gain of ₹4,071.30 crore. This year, that figure dropped to a loss of ₹1,504.53 crore.

Did the auditors raise any concerns?

No. The board approved the results on May 28, 2026, and the auditors provided an unmodified opinion.

Is this a new development for the market?

No. These audited results were previously disclosed, and the filing provides no new guidance or unexpected events.

Earnings · Finance - Investment · Small cap

Nalwa Sons reports ₹1,504 cr loss on portfolio revaluation

Standalone net profit rose to ₹46.35 crore, but fair value losses on equity investments pushed total income into the red.

— 1 earlier story on Nalwa Sons Investments Ltd. →

NSIL 28 May 2026 · 3:12 PM IST Verify on BSE · NSE

Mkt cap₹2,921 cr

P/E124.81×

ROE0.28%

Debt / eq.0.00

-₹1,504.53 cr Consolidated total loss for FY26.

What's new

Standalone net profit rose to ₹46.35 crore from ₹36.95 crore.
Consolidated total loss hit ₹1,504.53 crore against a prior gain of ₹4,071.30 crore.
Fair value losses on equity investments totaled ₹1,899.72 crore.

Why this matters

For an investment holding firm, net profit is a secondary metric compared to portfolio volatility. The swing from a ₹4,071.30 crore gain last year to a ₹1,504.53 crore loss this year shows how sensitive the firm's net worth is to market shifts in its underlying holdings.

What we're watching

The specific equity assets driving the ₹1,899.72 crore fair value loss.
Impact of these valuation swings on future dividend capacity.
Market performance of the underlying portfolio in the current fiscal year.

The full read

Nalwa Sons Investments posted a standalone net profit of ₹46.35 crore for the year ended March 31, 2026, up from ₹36.95 crore in the prior year. The firm's total income tells a different story. Driven by a ₹1,899.72 crore fair value loss on equity investments, the company swung to a consolidated total loss of ₹1,504.53 crore from a gain of ₹4,071.30 crore in FY25. Consolidated net profit rose to ₹56.69 crore from ₹45.99 crore, but these operational gains are minor compared to the portfolio's valuation decline. As an investment holding company, Nalwa Sons is exposed to the volatility of its underlying assets. The auditors issued an unmodified opinion on these results, which the board approved on May 28, 2026. This is a backward-looking filing that confirms previously disclosed figures without offering new guidance.

Questions answered

Why did the company report a loss despite rising net profits?: Net profit reflects operational earnings, while total income includes fair value changes in equity investments. A ₹1,899.72 crore loss on these investments erased operational gains.
How do these results compare to the previous year?: In FY25, the company recorded a consolidated gain of ₹4,071.30 crore. This year, that figure dropped to a loss of ₹1,504.53 crore.
Did the auditors raise any concerns?: No. The board approved the results on May 28, 2026, and the auditors provided an unmodified opinion.
Is this a new development for the market?: No. These audited results were previously disclosed, and the filing provides no new guidance or unexpected events.

Mentioned: Nalwa Sons Investments Ltd. · May 28, 2026

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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28 May 2026 · 3:12 PM IST Nalwa Sons reports ₹1,504 cr loss on portfolio revaluation
today Nalwa Sons Investments reports ₹1,504 cr loss on portfolio revaluation