Audited Financial Results (Standalone & Consolidated) for the year ended March 31, 2025
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Nimbus Projects Ltd reported its FY25 audited results on May 30, 2025. On a standalone basis, the company swung to a net loss of Rs. 1,274.91 lakhs versus a profit of Rs. 513.95 lakhs in FY24, while revenue from operations fell sharply from Rs. 586.98 lakhs to Rs. 151.12 lakhs. Finance costs jumped to Rs. 541.41 lakhs (from Rs. 101.25 lakhs) and share of losses from partnership firms ballooned to Rs. 4,180.16 lakhs (from Rs. 551.50 lakhs). On a consolidated basis, PAT fell to Rs. 6,367.50 lakhs from Rs. 9,312.14 lakhs (~32% decline), though revenue from operations surged to Rs. 17,829.71 lakhs (from Rs. 717.75 lakhs) helped by the new Sunworld Arista Phase-II co-development project worth Rs. 350 Crore. The company also completed the amalgamation of 8 transferor companies and changed its consolidation policy to include two partnership firms (IITL-Nimbus Park View & IITL-Nimbus Palm Village). Standalone operating cash flow was deeply negative at Rs. (15,001.80) lakhs. The statutory auditor issued an unmodified opinion.
Standalone results deteriorated sharply, turning into a loss driven by partnership-firm losses and rising finance costs — a red flag for shareholders. However, consolidated profits remain positive on the back of a Rs. 7,262.98 lakh share of associate profits, and the Rs. 350 Crore Sunworld Arista co-development deal provides a multi-year revenue pipeline. Stock may see volatility as the market digests the standalone loss and merger-related restatements.