A prominent real estate stock hit the 10 percent upper circuit after the company announced the awarding of a Rs.129.25 crore contract for the development of a premium residential project at GIFT City. The announcement sparked strong investor interest, reflecting optimism around the company’s growing presence in high-value urban infrastructure projects.
During Friday’s trading session, shares of Nila Spaces Ltd reached an intra-day high of Rs.12.06 apiece, hitting the 10 percent upper circuit from its previous closing price of Rs.10.97 apiece. However, the stock retreated later and is trading at Rs.11.77 apiece. Over the past five years, the stock has delivered over 1,280 percent returns.
Contract Specifications
Nila Spaces Limited has announced that its wholly owned subsidiary, Nila Urban Living Private Limited, has awarded a construction contract worth Rs.129.25 crores to Riveria Infrastructures Private Limited for a premium residential project at GIFT City.
The project is located on a high-value plot within the Special Economic Zone (SEZ) at GIFT City, which was acquired last year through a record-setting bid of Rs.6,557 per square foot, making it the costliest land parcel in Gujarat in absolute terms.
The awarded contract covers the core and shell construction of the residential towers and is expected to be completed within 27 months from the start date. This project aligns with Nila Spaces’ broader plan to develop residential areas that focus on well-being, functionality, and urban living standards.
Management Commentary
Deep Vadodaria, CEO of NILA Spaces Limited, remarked that the project is a strong representation of their core concept stating, “This project is a powerful expression of what we call Power Living, where every element is designed to help residents live with intention, vitality, and balance. With this new development at GIFT City, we’re not just building homes, we’re crafting a lifestyle that redefines what it means to thrive in a modern city. We’re excited to work with Riveria Infrastructure to bring this vision to life and set a new benchmark for residential development in India’s first smart city.”
Financial Performance
According to its recent financial updates, Nila Spaces Limited reported a consolidated revenue of Rs.39.76 crores in Q4 FY25, marking a 23.1 percent increase from Rs.32.29 crores in Q4 FY24. However, on a sequential basis, revenue rose by approximately 20.4 percent from Rs.33.02 crores reported in Q3 FY25.
The company’s net profit stood at Rs.4.69 crores in Q4 FY25, reflecting a 115.1 percent rise from Rs.2.18 crores in Q4 FY24, and a 25.1 percent increase compared to Rs.3.75 crores in Q3 FY25.
The company has a Return on Capital Employed (ROCE) of 21.83 percent and a Return on Equity (ROE) of 10.35 percent. Its Price-to-Earnings (P/E) ratio stands at 29.65, similar to the industry average. Furthermore, the company maintains a current ratio of 1.96, a debt-to-equity ratio of 0.16, and an Earnings Per Share (EPS) of Rs.0.37.
Written by – Siddesh S Raskar
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