Outcome of Board Meeting
NILASPACES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nila Spaces Ltd reported its FY26 audited results. On a consolidated basis, revenue grew 36% to Rs 18,502 lakhs from Rs 13,580 lakhs in FY25, while profit after tax more than doubled to Rs 2,876 lakhs from Rs 1,161 lakhs, driven by a subsidiary's strong performance. However, standalone revenue declined 17% to Rs 13,580 lakhs with PAT at Rs 1,520 lakhs vs Rs 2,661 lakhs in FY25. The company recorded negative operating cash flow of Rs 5,290 lakhs. Two new directors were appointed - Mr. Prashant Sarkhedi as Whole-Time Director and Mr. Deep Vadodaria as Chairman & Managing Director. New internal and cost auditors were also appointed for FY27. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated financials.
The consolidated results show strong growth in revenue and profitability, but the standalone decline and negative operating cash flow are concerning. Shareholders should monitor cash flow recovery. The leadership changes signal a fresh management direction with new directors at the helm.