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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Nicco Parks & Resorts Ltd-$

Nicco Parks & Resorts Q2 FY27 Net Loss at Rs. (170.60) Lakhs; Auditor Flags Going Concern

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 09 Nov 2026, 07:50 PM IST  ·  BSE ID: 6a756332-5561-4b8b-b31b-f781b8670a56
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a financial loss for the last quarter, and its auditor raised concerns about its ability to continue operating normally.
🤖 AI Summary
  • Nicco Parks & Resorts reported a Net Loss of Rs. (170.60) Lakhs for the quarter ended 30-Sep-26 (Q2 FY27).
  • Revenue from Operations for Q2 FY27 was Rs. 1,021.61 Lakhs, a decrease from Rs. 1,150.15 Lakhs in Q2 FY26.
  • Auditor's review report cited material uncertainty regarding the company's going concern basis due to pending agreements.
  • Auditor noted non-compliance with Regulation 17 of SEBI Regulations regarding independent director composition.
  • Company recognized supervision and management charges despite land repossession by Government of West Bengal.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
1,021.61 Lakhs
Net Profit/(Loss) for the period (Q2 FY27)
(170.60) Lakhs
Revenue from Operations (Half Year Ended 30-Sep-26)
2,926.63 Lakhs
Net Profit/(Loss) for the period (Half Year Ended 30-Sep-26)
348.13 Lakhs
🏢 How This Affects the Company
📈
Business Impact
Revenue from Operations declined in Q2 FY27, specifically in Park Operations and F&B segments compared to the previous year's corresponding quarter. The continued uncertainty regarding land repossession for F&B operations may affect future business continuity.
💰
Financial Impact
The company recorded a net loss of Rs. (170.60) Lakhs in Q2 FY27, impacting overall profitability. The material uncertainty regarding going concern status indicates potential challenges in financial stability and access to funding.
⚙️
Operational Impact
Operations for 'F&B and Other Recreational Facilities' are affected by the repossession of land by the Department of Tourism, Government of West Bengal, with the impact currently not determinable.
⚠️
Risk Impact
The auditor's qualification on going concern and non-compliance with independent director requirements introduce significant regulatory and operational risks for the company. The unresolved land repossession matter further exacerbates business continuity risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's reported net loss of Rs. (170.60) Lakhs and the auditor's concerns regarding its ability to continue as a going concern.
🔍
Management Signal
Management approved results despite auditor's concerns on going concern and non-compliance, indicating an ongoing effort to operate under challenging conditions.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 results — monitor for sustained profitability and resolution of auditor concerns.
Updates on formalization of agreements with Government of West Bengal for land use.
BSE filings on compliance with independent director requirements (Regulation 17).
HIGH RISK Auditor's going concern qualification and non-compliance with SEBI regulations pose significant risks.
💡 Investor Takeaway
Nicco Parks & Resorts recorded a Net Loss of Rs. (170.60) Lakhs for Q2 FY27, down from a profit of Rs. 17.59 Lakhs in Q2 FY26. The auditor highlighted material uncertainty regarding the company's going concern status and non-compliance with independent director regulations.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Net Loss for Q2 FY27 was Rs. (170.60) Lakhs, a decrease from a Net Profit of Rs. 17.59 Lakhs in Q2 FY26.
  • Auditor noted a material uncertainty regarding the company's ability to continue as a going concern due to pending agreement formalization.
📅 Company Track Record
A past filing on 2026-05-14 indicated the auditor gave a modified opinion on Nicco Parks & Resorts' FY26 results, citing land repossession and going concern uncertainty, which continues to be a factor in this current Q2 FY27 report.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Nicco Parks & Resorts' net profit/loss for Q2 FY27?
Nicco Parks & Resorts Limited reported a Net Loss of Rs. (170.60) Lakhs for the quarter ended 30-Sep-26 (Q2 FY27).
What was Nicco Parks & Resorts' Revenue from Operations for Q2 FY27?
Revenue from Operations for Nicco Parks & Resorts Limited was Rs. 1,021.61 Lakhs for the quarter ended 30-Sep-26 (Q2 FY27).
Did the auditor raise any concerns regarding Nicco Parks & Resorts' Q2 FY27 results?
Yes, the auditor highlighted a material uncertainty regarding Nicco Parks & Resorts' ability to continue as a going concern and noted non-compliance with SEBI regulations regarding independent director composition.
What was the segment revenue for Park Operations in Q2 FY27 for Nicco Parks & Resorts?
The segment revenue for Park Operations was Rs. 917.77 Lakhs for the quarter ended 30-Sep-26 (Q2 FY27).

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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