Nila Spaces Reports Strong Profit Growth, Margin Expansion in Q1
The real estate developer posted a 47% year-on-year jump in profit, with net profit margin improving significantly.
Nila Spaces delivered robust year-on-year growth in Q1 FY27, with profit surging 47% on a 14.3% revenue increase. The company's net profit margin expanded by 410 basis points.
Nila Spaces started FY27 on a strong note, with profit after tax surging 47% year-on-year to ₹8.6 crore. This impressive bottom-line growth was supported by a 14.3% rise in revenue to ₹46.67 crore, indicating healthy operating momentum for the affordable housing-focused developer.
The company's profitability improved markedly. Its net profit margin expanded by 410 basis points to 18.4% compared to Q1 last year, showing that profit grew much faster than sales. However, performance softened sequentially from the preceding March quarter, with both revenue and profit declining by 6.3% and 8.5%, respectively.
Looking at the recent trajectory, the last five quarters show a generally improving trend in both revenue and profit, with margins strengthening notably from the lows seen in Q2 FY26.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 46.67YoY +14% | 49.8 | 40.83 |
| Profit (₹ Cr) | 8.6YoY +47% | 9.4 | 5.85 |
| Net Profit Margin (%) | 18.4YoY +29% | 18.9 | 14.3 |
Key Points
- The company maintains a strong balance sheet, with a low debt-to-equity ratio of 0.15.
- Return on Capital Employed (ROCE) stands at a healthy 25.07%.
- The stock trades at a slight discount to the industry average, with a P/E of 32.7 versus an industry P/E of 34.0.
While the quarterly sequential dip warrants attention, the robust year-on-year growth and significant margin expansion signal a positive underlying earnings trend for Nila Spaces.
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· NILASPACES
(BSE)
ISIN: INE00S901012
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