Nila Spaces shares hit ₹10.03 low as nine-month profit rises 72.9%

Nila Spaces Ltd shares touched a fresh 52-week low of ₹10.03 on 22 October 2026, even as the Ahmedabad-based developer reported higher sales and profits for the nine-month period. Net sales rose 30.86% to ₹148.67 crore, operating profit increased 125.59%, and profit after tax grew 72.9% year on year to ₹25.71 crore. The period-end date for the nine-month results was not stated in the available results summary.

The fall extended a period of weakness in the stock. It was down 46.49% over 12 months, while the Sensex declined 12.79% over the same period. The shares also remained below their five-, 20-, 50-, 100- and 200-day moving averages, which track average prices over those periods. On 22 October, however, the stock outperformed its sector by 0.39%.

Profit growth has not lifted the share price

The latest nine-month figures show growth in all three reported measures: sales, operating profit and net profit. Nila Spaces also recorded positive results for three consecutive quarters. That improvement has not translated into a stronger share price so far, and no company explanation for the stock’s continued decline was available.

In the first quarter of FY27, ended 30 June 2026, the company reported consolidated revenue of ₹46.7 crore, up about 14.5% from ₹40.8 crore a year earlier. Net profit rose about 44% to ₹8.5 crore from ₹5.9 crore. These figures provide a year-on-year comparison for the quarter, but do not explain the share-price movement.

The company’s full-year FY26 consolidated revenue was ₹185.02 crore and profit was ₹28.76 crore, based on company filings. Nila Spaces develops residential and commercial real estate and is part of the Sambhav Group. Its promoter group held 61.90% of the company in recent quarters.

Investors will track the next results

The market data cited for 22 October also put the stock below its recent trading averages. A separate assessment dated 21 October cited a return on capital employed (ROCE) of 22%, while the 22 October assessment reported 26.01% for the half-year. ROCE measures how effectively a company generates returns from the capital used in its business; the figures refer to different reporting periods and should not be read as the same measure for the same period.

For investors following the company, the contrast between improving reported profits and a falling share price remains central. The next results will show whether the growth in sales and profit continues and whether it is accompanied by a change in the stock’s trading trend. No further dated company step was identified in the available information.