Nila Spaces Limited , a real estate development company, has reported its unaudited financial results for the quarter and six months ended September 30, 2025. The company's performance shows a significant shift from the previous quarter.

Financial Performance

Nila Spaces reported a standalone net loss of Rs 655.89 lakhs for the quarter, a stark contrast to the profit of Rs 599.63 lakhs in the previous quarter. For the six-month period, the company posted a loss of Rs 388.73 lakhs, compared to a profit of Rs 1,185.52 lakhs in the corresponding period last year.

Revenue and Operations

The company's revenue from operations stood at Rs 4,083.28 lakhs for the quarter.

Financial Position

Despite the reported loss, Nila Spaces showed improvement in certain financial aspects:

This growth in assets and cash position may provide the company with a buffer to navigate through the current challenging period.

Corporate Governance

The financial results were approved by the Board of Directors at their meeting held on November 13, 2025. These results have been subject to a limited review by the company's statutory auditors, ensuring compliance with regulatory requirements.

Outlook

The shift from profit to loss in the quarter indicates potential challenges in the company's operations or market conditions. However, the increase in total assets and cash reserves suggests that Nila Spaces may be positioning itself for future opportunities or weathering temporary setbacks.

Investors and stakeholders may need to closely monitor the company's performance in the coming quarters to better understand the factors contributing to this financial shift and the company's strategies to return to profitability.

It's important to note that the real estate sector can be cyclical and subject to various external factors. Nila Spaces' future performance may depend on its ability to adapt to market conditions, execute projects efficiently, and capitalize on its improved cash position.

Nila Spaces Limited , a real estate development company, has announced its unaudited financial results for the first quarter of the fiscal year 2023, ending June 30, 2022. The company's performance reflects both challenges and resilience in the face of an ongoing tax investigation.

Financial Highlights

Consolidated Performance

• Profit: ₹23.46 lakhs (Q1 FY2023) vs ₹56.24 lakhs (Q1 FY2022)
  • Year-over-year decline: 58.30%
• Revenue from operations: ₹101.08 lakhs (Q1 FY2023) vs ₹139.36 lakhs (Q1 FY2022)
  • Year-over-year decrease: 27.47%

Standalone Performance

• Profit: ₹23.69 lakhs (Q1 FY2023) vs ₹95.65 lakhs (Q1 FY2022)
  • Year-over-year reduction: 75.23%

Impact of Ongoing Tax Investigation

The financial results continue to be influenced by an ongoing Income Tax Department search operation that began in September 2021. The investigation, which involved searches at the company's business premises and promoter residences, has yet to yield any formal communication from the tax authorities regarding its findings.

As a result, the potential financial impact of this investigation remains unascertainable, adding an element of uncertainty to the company's financial outlook.

Business Operations

Nila Spaces Limited operates primarily in the construction and development of buildings for sale, along with other real estate activities. The company reports these operations as a single business segment, indicating a focused approach to its core real estate development business.

Looking Ahead

While the company faces challenges, including the ongoing tax investigation and decreased revenue, the reported profit for the quarter suggests that Nila Spaces Limited continues to maintain operational activities. Stakeholders and investors will likely be watching closely for any updates regarding the tax investigation and its potential impact on future financial performance.

As the real estate sector navigates through various market dynamics, Nila Spaces Limited's performance in the coming quarters will be crucial in determining its trajectory for the remainder of the fiscal year.