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 the highest in the same timeframe. Furthermore, net sales amounted to Rs 39.76 crore, indicating a growth 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. It is also notable that non-operating income makes up a substantial portion of PBT, which raises questions regarding the sustainability of the company's 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 complex picture of operational performance, with both positive achievements and challenges that need to be addressed.