Nila Spaces Q1 2026 profit up 22% to ₹8.60 cr

Overview of the quarterly result

Nila Spaces Limited reported a stronger set of quarterly numbers for the quarter ended June 30, 2026, with higher profit and improved operating margin. The Ahmedabad-based real estate developer said consolidated net profit rose 22% year-on-year to ₹8.60 crore. The improvement was supported by a 14% rise in revenue from operations on a consolidated basis. The company also reported a higher EBITDA and a better EBITDA margin compared with the corresponding quarter of the previous year. On a standalone basis, net profit also rose 22% to ₹7.31 crore, which the company attributed to improved operational efficiency and cost management in its construction and development segment. These results were approved by the Board of Directors in early August 2026.

Consolidated performance: profit and revenue move higher

On a consolidated basis, revenue from operations increased to ₹46.67 crore from ₹40.83 crore in the corresponding quarter of the previous year. Consolidated total income came in at ₹49.90 crore, which included other income of ₹3.23 crore. Consolidated profit before tax stood at ₹11.50 crore for the quarter. Net profit for the period was ₹8.60 crore and basic earnings per share were ₹0.21, as disclosed in the company’s financial table. The numbers indicate that profit growth outpaced revenue growth, pointing to operating leverage during the quarter. The company also disclosed an increase in finance costs, which is an important moving part for real estate developers with capital-intensive projects.

Operating performance: EBITDA rises and margin expands

Nila Spaces reported an improvement in consolidated EBITDA to ₹15.00 crore from ₹12.10 crore in the same quarter of the previous year. Along with the higher EBITDA, the EBITDA margin expanded to 32.23% from 29.61%. The margin expansion is notable because the quarter also saw higher finance costs and a sizeable expense base. While the company did not provide a project-wise explanation in the provided text, the stated driver was improved operational efficiency and cost management. For investors, the margin trend is a key indicator of execution and pricing power in a sector where input costs, project timelines, and financing conditions can shift quickly. The EBITDA and margin disclosures are also useful for comparing performance against other listed real estate developers.

Standalone numbers: net profit up despite lower revenue

On a standalone basis, revenue from operations was ₹39.11 crore, compared with ₹40.83 crore in Q1FY25 as stated in the text. Even with this decline in standalone revenue, standalone net profit increased 22% year-on-year to ₹7.31 crore. Standalone profit before tax was ₹9.78 crore, while total income was ₹42.22 crore, supported by other income of ₹3.11 crore. Total expenses on the standalone statement were ₹32.45 crore. Basic EPS on the standalone statement was ₹0.19. The standalone outcome, as presented, suggests profitability improved even though topline movement differed from the consolidated view.

Costs, other income, and the finance cost jump

The company reported consolidated total expenses of ₹38.40 crore for the quarter. It also disclosed that finance costs increased to ₹8.31 crore on a consolidated basis, up from ₹5.09 crore in Q1FY25. For property companies, finance costs often reflect changes in borrowings, interest rates, and project cash flow timing. Other income contributed ₹3.23 crore to consolidated total income, which can also affect period-to-period profitability when core operating trends are stable. The provided financial table also shows profit before tax at ₹11.50 crore consolidated and ₹9.78 crore standalone, indicating that non-operating items and group structure can influence the gap between standalone and consolidated profitability.

Board approval, audit review, and SEBI compliance

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 03, 2026, at the company’s registered office. The results were first reviewed by the Audit Committee and then approved by the Board. The company stated the approval process was in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dhirubhai Shah & Co. LLP, the statutory auditors, conducted a limited review of the financial statements. The auditors issued their report without qualification, according to the text. For market participants, the sequence of audit committee review, limited review, and board approval is a standard governance checkpoint for quarterly disclosures.

Longer-term snapshots provided in the data

Alongside the quarterly disclosure, the text includes additional revenue and profit snapshots over multiple periods. For the full year FY2026–2027, the data states revenue reached ₹197.96 crore and profit touched ₹28.76 crore. Separate series also list quarterly revenue figures of ₹49.8 crore, ₹52.2 crore, ₹42.18 crore, ₹40.83 crore, and ₹39.76 crore, and quarterly net profit figures of ₹9.4 crore, ₹8.18 crore, ₹5.34 crore, ₹5.85 crore, and ₹4.69 crore (period labels were not specified in the excerpt). Yearly revenue figures listed include ₹197.96 crore, ₹144.38 crore, ₹101.82 crore, ₹3.43 crore, ₹9.34 crore, and ₹48.47 crore. Yearly net profit or loss figures listed include ₹28.76 crore, ₹14.69 crore, ₹13.55 crore, -₹4.01 crore, -₹0.08 crore, and -₹2.31 crore. These numbers provide context on scale and variability, but readers should note that the excerpt presents them as standalone series without full period mapping.

Stock price references and timing

The text includes multiple price references for Nila Spaces shares. It states the share price was ₹12.73 on NSE and ₹12.76 on BSE as on 3/7/2026. Another line says the current share price is ₹13, and it also mentions “Nila Spaces CMP Rs.12,” both without the same timestamp context. There is also a price snapshot of 12.90 as on 27-May-2026 16:00:00 IST. Since these references appear across different points, readers should treat them as separate snapshots rather than a single latest quote. For investors tracking results-related moves, aligning the price timestamp with the results date is important.

Key quarterly financial metrics (normalised to ₹ crore)

Additional disclosed indicators: EBITDA and finance costs

Market impact and why the numbers matter

From a market perspective, the headline is the 22% year-on-year rise in consolidated net profit alongside a 14% increase in consolidated revenue from operations. The EBITDA margin improvement to 32.23% adds a second layer, because it signals better operating profitability than the same quarter last year. At the same time, the jump in consolidated finance costs to ₹8.31 crore is a counterweight investors typically track, especially in real estate where debt servicing can influence net profit. The standalone versus consolidated revenue divergence in the excerpt also highlights why both sets of statements matter for assessing performance. With other income contributing over ₹3 crore to total income in both standalone and consolidated statements, investors may also separate recurring operating performance from non-operating contributions when comparing quarters.

Conclusion

Nila Spaces’ results for the quarter ended June 30, 2026 show higher consolidated profit, stronger EBITDA, and an improved EBITDA margin, while finance costs rose sharply year-on-year. The unaudited results were reviewed by the Audit Committee, approved by the Board on August 03, 2026, and subjected to a limited review by Dhirubhai Shah & Co. LLP without qualification. Going forward, investors will likely track how revenue momentum and margins hold up alongside finance costs in subsequent quarters, using the company’s upcoming periodic filings under SEBI’s disclosure framework.