Chairman speech at the 32nd Annual General Meeting of the company
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Nimbus Projects held its 32nd AGM on September 23, 2025, where Chairman Bipin Agarwal reviewed FY25 performance and project pipeline. On a standalone basis, revenue collapsed to Rs. 151.12 Lakh from Rs. 586.98 Lakh and the company slipped into a loss of Rs. 1,274.92 Lakh versus a profit of Rs. 513.96 Lakh in the prior year. On a consolidated basis (which now includes partnership firms treated as subsidiaries), revenue surged to Rs. 17,829.71 Lakh from Rs. 717.75 Lakh, though profit fell to Rs. 6,367.50 Lakh from Rs. 9,312.14 Lakh. The company completed four projects (Express Park View I & II High Rise, Hyde Park, Golden Palms) and disclosed sales of around Rs. 500 crore (Express Park View II High Rise), Rs. 185 crore (Low Rise), and Rs. 1,000 crore (Palm Village). A new Rs. 1,100 crore investment is planned to revive Arista Luxe Phase II in Noida Sector 168, targeting 2029 completion.
Shareholders should note the sharp standalone loss signals weak core profitability, while the headline consolidated profit surge is largely driven by accounting changes bringing partnership firms onto the books rather than organic growth. The strong project pipeline and Rs. 1,100 crore new launch support future revenue visibility, but margin pressure is the key near-term concern.