Exhicon revenue tops Rs 205 crore as FY26 profit jumps nearly 50 per cent

MUMBAI: Exhicon Events Media Solutions Limited has reported its strongest-ever annual performance for FY26, with consolidated revenue crossing Rs 205 crore and profit after tax surging nearly 50 per cent as the company expanded its footprint across exhibitions, convention infrastructure and venue-led businesses.

The company, which operates across exhibitions, event infrastructure, aviation logistics, religious tourism and integrated business services, reported consolidated total revenue of Rs 205.46 crore in FY26, up 40.25 per cent from Rs 146.50 crore a year earlier.

Revenue from operations rose 41.24 per cent year-on-year to Rs 202.70 crore, while profit before tax climbed 41.31 per cent to Rs 50.50 crore.

Profit after tax jumped 49.54 per cent to Rs 45.24 crore, while profit attributable to shareholders rose an even sharper 56.54 per cent to Rs 40.70 crore, underlining improving operating leverage and stronger business quality across its platform.

The company also saw substantial balance sheet expansion during the year. Reserves and surplus grew 86.42 per cent to Rs 184.76 crore, consolidated net worth increased 72.52 per cent to Rs 212.25 crore, while total assets rose 85.34 per cent to Rs 264.26 crore.

Cash and bank balances more than doubled, climbing 144.39 per cent year-on-year to Rs 28.57 crore. Basic earnings per share stood at Rs 27.56, up 37.39 per cent from the previous year.

Exhicon said the strong numbers reflected disciplined execution, stronger liquidity and its transition towards an infrastructure-backed and scalable integrated business model.

The company is increasingly positioning itself as a venue-as-a-service player, building long-term growth around convention infrastructure, integrated venue operations and recurring infrastructure-linked revenue streams.

As part of this strategy, Exhicon is developing and participating in multiple large-scale convention and venue infrastructure projects across India, including upcoming projects in Mohali, Ayodhya, Nashik and Indore.

The company also operates two venue-as-a-service infrastructure platforms in Pune and manages two golf course and lifestyle facilities in the city.

Among its major ongoing projects is a 24,000 square metre design-and-build contract with India Expo Mart Limited, alongside the expansion of its international intellectual property platform, Best of India, and its religious tourism business.

Exhicon said these long-duration infrastructure and operating assets are expected to improve recurring revenues, operating efficiencies and earnings visibility over time.

The company is also betting on broader tailwinds in India’s meetings, incentives, conferences and exhibitions, or MICE, sector. According to industry projections cited by the company, India’s MICE market is expected to grow from around USD 49.4 billion in 2024 to more than USD 103 billion by 2030, representing a projected compound annual growth rate of nearly 13.2 per cent.

India currently contributes only around 5 per cent of the global USD 850 billion MICE market, leaving substantial room for growth in organised venue infrastructure and exhibition ecosystems.

The sector is also being supported by rising corporate travel, expanding aviation infrastructure, religious tourism circuits, convention centre investments and government-led initiatives such as “Meet in India”.

With India now ranking as the world’s fifth-largest aviation market and business mobility rising rapidly, Exhicon appears keen to build more than just events. It is building the stage, the venue and the ecosystem around them.