Are Nila Spaces latest results good or bad?

Nila Spaces has reported its financial results for the quarter ending March 2025, showcasing several noteworthy operational trends. The company achieved an operating profit (PBDIT) of Rs 10.12 crore, which is the highest recorded in the last five quarters. Additionally, profit before tax (PBT) reached Rs 4.22 crore, reflecting a significant growth compared to the average of the previous four quarters. Profit after tax (PAT) also stood at Rs 4.72 crore, marking a peak for the same period. Net sales amounted to Rs 39.76 crore, indicating a growth of 23.9% over the previous four-quarter average. However, Nila Spaces is facing challenges, particularly with rising interest costs, which have increased by 34.40% over the last six months, suggesting higher borrowings. Furthermore, a notable portion of the profit before tax, 33.44%, is derived from non-operating income, which raises concerns regarding the sustainability of its business model. In terms of evaluation, the company saw an adjustment in its evaluation over the past three months. Overall, the financial results reflect a mix of positive operational achievements alongside some challenges that may impact future performance.