NEW DELHI: Nila Spaces, based in Ahmedabad and a subsidiary of the Sambhaav Group, has reported a remarkable 118.45% increase in net consolidated profit for the quarter ending December 31, 2025. The company’s profit after tax rose to ₹8.17 crore in Q3 FY26, compared to ₹3.74 crore in the same quarter of the prior fiscal year, as disclosed in a BSE filing.
The total income for the quarter also increased, reaching ₹55.51 crore in Q3 FY26, a growth of 58.28% from ₹35.07 crore in the corresponding quarter last year.
Amit R. Chokshi, an independent director, has resigned and consequently will no longer serve as a director or member of the audit committee and stakeholders relationship committee, effective January 30, 2026.
In a separate development during the quarter, Nila Spaces announced its acquisition of AIt DRX India, a tokenized digital real estate marketplace, through the purchase of 225 compulsory convertible preference shares for ₹6.03 crore.
The target entity operates in India with an annual recurring revenue (ARR) of approximately $2 million, handles around 25,000 transactions annually, and has raised $4 million in growth capital. Following the conversion of the preference shares, Nila Spaces is projected to hold about 1.4% of the post-money paid-up equity share capital of AIt DRX India.
