Nila Spaces Limited reported a 22% year-on-year increase in consolidated net profit to ₹859.75 lakh for the quarter ended June 30, 2026, driven by a 14% rise in revenue from operations. The Ahmedabad-based real estate developer also recorded an improvement in EBITDA to 150M Rupees from 121M Rupees in the same quarter of the previous year, with EBITDA margin expanding to 32.23% from 29.61%. Standalone net profit grew by 22% to ₹730.85 lakh, reflecting improved operational efficiency and cost management across its construction and development segment.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 03, 2026, at the company's registered office. The results were reviewed by the Audit Committee and subsequently approved by the Board 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 and issued their report without qualification.

Financial Performance Highlights

Consolidated revenue from operations increased to ₹4,666.85 lakh in Q1FY26, up from ₹4,083.28 lakh in the corresponding quarter of the previous year. Standalone revenue from operations stood at ₹3,911.35 lakh, compared to ₹4,083.28 lakh in Q1FY25. Total income on a consolidated basis reached ₹4,990.20 lakh, including other income of ₹323.35 lakh. The following table summarises the key financial metrics for the quarter:

Finance costs increased to ₹830.96 lakh on a consolidated basis, up from ₹508.72 lakh in Q1FY25. Depreciation and amortisation expenses remained stable at ₹147.21 lakh. The company's entire operations constitute a single segment: "Construction and Development of Building for sale and other Real Estate activities," as per Ind AS 108.

EBITDA and Margin Performance

The quarter saw a notable improvement in operating profitability, with consolidated EBITDA rising to 150M Rupees from 121M Rupees in the year-ago period. EBITDA margin expanded to 32.23% from 29.61% year-on-year, reflecting stronger operating leverage and improved cost management at the consolidated level. The key EBITDA metrics are presented below:

What the Numbers Show

The divergence between standalone and consolidated performance highlights the contribution of the group structure. While standalone revenue declined slightly year-on-year, consolidated revenue grew significantly, indicating stronger performance from subsidiary entities. Nila Urban Living Private Limited remains the key subsidiary, with Megacity Cinemall Private Limited listed as an associate. The associate contributed nil share of profit for the quarter, as noted in the auditor's report.

Earnings per share (basic) rose to ₹0.21 on a consolidated basis, up from ₹0.15 in Q1FY25. Standalone EPS increased to ₹0.19 from ₹0.15. The improvement in profitability metrics occurred despite higher finance costs, suggesting effective management of project expenses and inventory changes. Changes in inventories of building material, land, and work in progress added ₹349.36 lakh to consolidated expenses, compared to a credit of ₹1,464.59 lakh in the prior year quarter.

The results were prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standard) Rules 2015. Figures have been regrouped or reclassified where necessary. The March 31, 2026 quarter figures are balancing figures between audited full-year data and unaudited year-to-date figures up to December 31, 2025.

Nila Spaces Limited has commenced remote e-voting for its postal ballot process, which opened on July 7, 2026, and will conclude on August 5, 2026. The company seeks shareholder approval for the appointment of Mr. Deep S. Vadodaria as Chairman & Managing Director and Mr. Prashant H. Sarkhedi as Whole Time Director (Director Finance) for a three-year term effective from May 7, 2026. Additionally, the resolutions propose increasing borrowing and investment limits to ₹750 crore under Sections 180(1)(c), 186, and 185 of the Companies Act, 2013.

Voting Process and Eligibility

The remote e-voting facility is available to members whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as on the cut-off date of June 26, 2026. The voting period began at 09:00 a.m. on July 7, 2026, and will end at 05:00 p.m. on August 5, 2026. Shareholders who have not registered their email addresses may do so by contacting the company or its share transfer agent to participate in the process.

Scrutiny and Declaration

Mr. Umesh Ved of M/s Umesh Ved & Associates has been appointed as the Scrutinizer to oversee the voting process. The results of the remote e-voting will be declared on or before August 7, 2026. Following the declaration, the scrutinizer's report will be made available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.