Nimbus Projects reports 134 percent YoY jump in Q1 FY27 pre-sales

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AI summary

Nimbus Projects reported Q1 FY27 pre-sales booking value of Rs 157.36 crore, up 134.31 percent YoY from Rs 67.16 crore. Customer collections rose 49.75 percent to Rs 75.91 crore from Rs 50.69 crore. Growth driven by strong residential demand across NCR markets including Noida, Greater Noida, and YEIDA. Company also signed MoU for an integrated township in Mathura and is evaluating expansion in Tier II and Tier III UP cities.

Likely market impact

Strong pre-sales and collections signal robust demand and execution. Mathura MoU and UP expansion plans support future growth potential for shareholders.