Nila Spaces LimitedQ1 FY27 Results & Financial Update
Nila Spaces Limited: Q1 FY27 consolidated results and company financials – revenue ₹46.67 Cr, PAT ₹8.60 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Nila Spaces price & chart
Quarter overview
Quarterly earnings analysis
Nila Spaces Limited registered consolidated revenue from operations of INR 46.67 crore for the first quarter of fiscal year 2027, accompanied by other income of INR 3.23 crore, bringing total consolidated income to INR 49.90 crore for the period ended June 30, 2026.
Total consolidated expenses for the quarter stood at INR 38.40 crore, driven by cost of materials consumed and project expenses of INR 20.45 crore alongside inventory changes of building material, land, and work-in-progress amounting to a reduction of INR 3.49 crore.
Finance costs for the quarter were recorded at INR 8.31 crore, while depreciation and amortisation expenses stood at INR 1.47 crore and other expenses totalled INR 3.91 crore.
Consolidated profit before tax for Q1 FY27 reached INR 11.50 crore. After accounting for total tax expenses of INR 2.90 crore—comprising current tax of INR 2.53 crore and deferred tax of INR 0.37 crore—the group delivered a consolidated net profit for the period of INR 8.60 crore.
Basic and diluted earnings per share for the quarter were reported at INR 0.21 each on a face value of INR 1 per share, not annualised for the period.
Out of the total consolidated profit for the period, INR 8.47 crore was attributable to owners of the parent company, while INR 0.13 crore was attributed to non-controlling interests.
The statutory auditors, Dhirubhai Shah & Co. LLP, conducted a limited review of the standalone and consolidated financial results and issued an unmodified review report.
01 · Business model
What does Nila Spaces do?
Nila Spaces Limited operates primarily in the construction and development of buildings for sale and other real estate activities, executing projects that cater to residential and commercial segments.
The company functions through its registered office in Ahmedabad, Gujarat, undertaking real estate development activities as its single primary operating segment under Indian Accounting Standards.
The corporate group structure for financial reporting encompasses Nila Urban Living Private Limited as a subsidiary company and Megacity Cinemall Private Limited as an associate company.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹46.67 Cr |
| Total income | ₹49.90 Cr |
| Profit before tax | ₹11.50 Cr |
| Profit after tax | ₹8.60 Cr |
| EPS | ₹0.21 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 18.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 24.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹3.23 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations for Q1 FY27 was recorded at INR 46.67 crore, reflecting real estate project execution and sales recognised during the period.
The company generated INR 3.23 crore in other income during the quarter, contributing to total consolidated income of INR 49.90 crore.
Revenue is driven by the execution and sale of building projects under the company's core real estate development operations.
Non-operational inflows added INR 3.23 crore to total consolidated income during the quarter.
What drove margins
Cost of materials consumed and project expenses stood at INR 20.45 crore, while changes in inventories of building materials, land, and work-in-progress registered a net negative adjustment of INR 3.49 crore.
Employee benefit expenses for the quarter were INR 0.77 crore, whereas finance costs constituted a major overhead component at INR 8.31 crore.
Total tax expenses of INR 2.90 crore comprised INR 2.53 crore in current tax and INR 0.37 crore in deferred tax, leading to an effective tax rate that shaped the final net profit margin.
Cost of materials consumed and project expenses formed a major cost component at INR 20.44 crore on a consolidated basis, alongside inventory adjustments of INR 3.49 crore.
Consolidated finance costs stood at INR 8.31 crore for the quarter, reflecting the capital-intensive nature of real estate development.
Depreciation and amortisation expenses were recorded at INR 1.47 crore for the quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The entire operations of the company constitute a single reportable segment, specifically 'Construction and Development of Building for sale and other Real Estate activities' as per Ind AS 108.
05 · Reported developments
What changed operationally
The group reported a positive consolidated profit for the period of INR 8.60 crore for Q1 FY27, with basic and diluted EPS standing at INR 0.21.
06 · Beyond the numbers
What changed beyond the numbers
Auditor Review
Statutory auditors Dhirubhai Shah & Co. LLP issued an unmodified limited review report on both standalone and consolidated financial results for the quarter ended June 30, 2026.
Statutory Auditor Review
The unaudited standalone and consolidated financial results for Q1 FY27 were reviewed by statutory auditors Dhirubhai Shah & Co. LLP and approved by the Board of Directors on August 3, 2026.
07 · Key Q&A
The quarter, answered directly
What does Nila Spaces do?
Nila Spaces Limited operates primarily in the construction and development of buildings for sale and other real estate activities, executing projects that cater to residential and commercial segments.
What is the clearest takeaway from Q1 FY27?
Nila Spaces Limited registered consolidated revenue from operations of INR 46.67 crore for the first quarter of fiscal year 2027, accompanied by other income of INR 3.23 crore, bringing total consolidated income to INR 49.90 crore for the period ended June 30, 2026.
What drove revenue or demand?
Consolidated revenue from operations for Q1 FY27 was recorded at INR 46.67 crore, reflecting real estate project execution and sales recognised during the period.
What mattered most for margins or profitability?
Cost of materials consumed and project expenses stood at INR 20.45 crore, while changes in inventories of building materials, land, and work-in-progress registered a net negative adjustment of INR 3.49 crore.
What changed operationally beyond the headline numbers?
Statutory auditors Dhirubhai Shah & Co. LLP issued an unmodified limited review report on both standalone and consolidated financial results for the quarter ended June 30, 2026.
What should the next disclosure help confirm?
Monitor upcoming quarterly financial filings for progress in project execution, construction revenue recognition, and movement in finance costs.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarterly Disclosures: Monitor upcoming quarterly financial filings for progress in project execution, construction revenue recognition, and movement in finance costs.
- 02
Project Execution Milestones: Monitor the progression of ongoing residential and commercial construction projects under Nila Spaces and its subsidiary Nila Urban Living Private Limited.
- 03
Financial Performance Trends: Track subsequent quarterly revenue recognition and borrowing costs to evaluate project delivery efficiency.
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