NILASPACESBSENila Spaces LtdMediumNeutral
Announced Thu, 7 May · 13:45 IST

Change in Management

Management Changes View source PDF

NILASPACES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+8.2%1-day move
₹14.42
prior close
₹14.64
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+6.4+6.8+1.9+8.2+3.3-2.1-4.3-4.2-8.5-12.6-15.7-13.0
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AI summary

Nila Spaces Limited held its Board meeting on May 7, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations grew to Rs 16,271.35 lakhs from Rs 13,580.22 lakhs YoY. Consolidated revenue stood at Rs 18,501.84 lakhs. The company reported standalone profit before tax of Rs 2,119.83 lakhs and consolidated PBT of Rs 3,989.33 lakhs. Key management appointments include Mr. Deep S Vadodaria as Chairman & Managing Director and Mr. Prashant H Sarkhedi as Whole-Time Director, both for a 3-year term. New internal and cost auditors were also appointed for FY 2026-27.

Likely market impact

The company demonstrated revenue growth year-on-year with healthy profitability. New leadership appointments provide stability and direction for the real estate company's operations. Positive financial performance combined with strengthened management team is likely viewed favourably by shareholders.