Q1FY19 Result: Nila Infrastructures

Nila Infrastructures reported its results for the quarter ended June, 2018 during market hours on Tuesday.

The company’s standalone revenue for the quarter came in at Rs. 50.28 crore as against Rs. 66 crore in the corresponding quarter last year, registering 23.8 per cent yoy decline.

EBITDA for the quarter fell by 36.8 per cent yoy to Rs. 7.19 crore as against Rs. 11.38 crore in the corresponding quarter last year with a margin contraction of 294 bps. EBITDA margin for the quarter stood at 14.3 per cent as against 17.2 per cent in the corresponding quarter last year.

The PAT for the quarter came in at Rs. 4.82 crore as against Rs. 5.96 crore in the corresponding quarter last year yoy decline of 19.1 per cent.

On Tuesday, the stock opened at Rs. 12.56 per share and made an intraday high Rs. 13.11 on the BSE.

Nila Infrastructure Ltd (NIL) is a diversified infrastructure company with presence in Gujarat and Rajasthan. The company has demerged its real estate business into a separate, wholly-owned entity, Nila Spaces Limited.