Nila Spaces Ltd's Q3FY25 Quarterly Results

Result Summary

• Nila Spaces Ltd reported a 1.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 47.5%.
• Its expenses for the quarter were up by 1.7% QoQ and down 44.1% YoY.
• The net profit increased 1.9% QoQ and decreased 67.8% YoY.
• The earnings per share (EPS) of Nila Spaces Ltd stood at 0.1 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Nila Spaces Ltd is a company engaged in the real estate sector, specifically focusing on the development of residential and commercial properties. The company operates within the broader real estate and construction industry, which is known for its cyclical nature and sensitivity to economic changes. As of the latest information available, there are no specific major developments or strategic shifts publicly announced by Nila Spaces Ltd. This company is known for its operations in the Indian real estate market, catering to a range of clientele with diverse property offerings.

Revenue

During the third quarter of the fiscal year 2025 (Q3FY25), Nila Spaces Ltd reported a total income of ₹35.07 crores. This represents a slight increase of 1.0% when compared to the previous quarter (Q2FY25), which stood at ₹34.71 crores. However, there is a significant decrease of 47.5% in total income when compared year-over-year (YoY) to Q3FY24, where the income was ₹66.84 crores. This decline in annual revenue may reflect broader trends in the market or specific challenges faced by the company during this period.

Profitability

For the quarter ending in Q3FY25, Nila Spaces Ltd reported a profit before tax of ₹5.20 crores, which is a decrease of 2.3% from the previous quarter's profit of ₹5.32 crores. On a year-over-year basis, there is a substantial decrease of 61.1% from Q3FY24, which reported a profit before tax of ₹13.37 crores. The company's profit after tax for Q3FY25 is ₹3.75 crores, marking a slight increase of 1.9% from the previous quarter's ₹3.68 crores, yet it significantly dropped by 67.8% from the ₹11.63 crores recorded in Q3FY24. The earnings per share remained constant quarter-over-quarter at ₹0.10, which represents a 66.7% decrease from the previous year.

Operating Metrics

In Q3FY25, Nila Spaces Ltd reported total expenses of ₹29.88 crores, which is an increase of 1.7% from Q2FY25, where expenses were ₹29.39 crores. Compared to the same period last year, there is a 44.1% decrease from Q3FY24 expenses of ₹53.47 crores. The tax expense for Q3FY25 was ₹1.45 crores, which is a decrease of 11.6% from ₹1.64 crores in Q2FY25 and a 16.2% decrease from ₹1.73 crores in Q3FY24. These operating metrics provide a snapshot of the financial operations and cost management practices of Nila Spaces Ltd during the specified periods.