Nila Infrastructures Limited (BSE: 530377, NSE: NILAINFRA) has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company reported a notable increase in both standalone and consolidated revenue, alongside key corporate governance changes.
Key Financial Highlights (Standalone)
(₹ in Lakhs)
Particulars
Q3 FY25
Q3 FY24
QoQ Growth (%)
9M FY25
9M FY24
YoY Growth (%)
Revenue from Operations
5,172.78
3,440.47
50.4%
13,206.18
9,799.62
34.8%
Other Income
385.12
235.48
63.6%
1,172.74
961.95
21.9%
Total Income
5,557.90
3,675.95
51.2%
14,378.92
10,761.57
33.6%
Profit Before Tax (PBT)
724.57
418.06
73.4%
2,125.17
838.09
153.6%
Profit After Tax (PAT)
523.10
314.70
66.2%
1,546.04
609.84
153.6%
Earnings Per Share (EPS) (₹)
0.13
0.08
-
0.39
0.15
-
Key Financial Highlights (Consolidated)
(₹ in Lakhs)
Particulars
Q3 FY25
Q3 FY24
QoQ Growth (%)
9M FY25
9M FY24
YoY Growth (%)
Revenue from Operations
5,234.09
3,431.07
52.6%
13,346.20
9,790.55
36.3%
Total Income
5,604.38
3,655.62
53.2%
14,478.61
10,707.34
35.3%
Profit Before Tax (PBT)
772.10
400.49
92.9%
2,229.53
835.28
166.9%
Profit After Tax (PAT)
491.09
321.21
52.9%
1,513.80
592.32
155.6%
Earnings Per Share (EPS) (₹)
0.13
0.08
-
0.38
0.15
-
Segment-Wise Performance & Key Insights
The company’s core infrastructure and construction business remained its primary revenue driver.
Finance costs reduced to ₹101.40 lakhs in Q3 FY25 from ₹198.04 lakhs in Q3 FY24, contributing to improved net profitability.
The tax expense for the quarter stood at ₹198.09 lakhs, compared to ₹101.30 lakhs in Q3 FY24.
The company's joint ventures and associates contributed a net loss of ₹82.92 lakhs in Q3 FY25.
Corporate Announcements
Appointment of Ms. Dharini R. Shah as Independent Director
The Board approved the appointment of Ms. Dharini R. Shah (DIN: 08376690) as a Non-Executive Independent Director for a term of five years, effective February 4, 2025. Ms. Shah, an MSC in Strategic Management from Christ University, brings expertise in strategic planning, marketing, and governance.
Committee Restructuring
Ms. Dharini R. Shah has also been inducted into the following Board committees:
Audit Committee
Nomination and Remuneration Committee
Stakeholders Relationship Committee.
Regulatory & Legal Developments
Income Tax Investigation: The company has been under scrutiny following an Income Tax search operation in September 2021. The company has filed responses and appeals for assessment years 2014-15, 2016-17 to 2022-23. The management believes these issues do not significantly impact the company’s financials as of December 31, 2024, though the matter remains sub-judice.
GST Demand Notices: Following Income Tax findings for FY18 and FY19, the GST department issued demand-cum-show-cause notices for FY17 and FY18. The company has responded, and the management believes the financial impact remains uncertain but unlikely to be significant.
Management Commentary
Manoj B. Vadodaria, Chairman & Managing Director, stated: "We have delivered a strong quarter with a significant revenue increase and improved profitability. Our financial discipline and strategic project execution continue to drive sustainable growth. We also welcome Ms. Dharini R. Shah to our Board, confident that her expertise will add value to our corporate governance."
Outlook & Investor Insights
Business Growth: The company is well-positioned in the infrastructure and real estate development sector, leveraging strong order inflows.
Regulatory Challenges: While legal and tax issues remain unresolved, the management is optimistic about favorable outcomes.
Stock Performance: Investors may look for clarity on pending tax litigations and continued revenue momentum before making investment decisions.
With strong revenue growth and prudent cost management, Nila Infrastructures Limited continues to enhance shareholder value despite regulatory headwinds.