Outcome of the Board Meeting held on Tuesday, February 10, 2026, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The Board of Nimbus Projects approved its unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended December 31, 2025, with an unmodified audit opinion from Oswal Sunil & Company. On a consolidated basis, nine-month revenue from operations fell sharply to about Rs. 10.53 crore from Rs. 177.47 crore in the same period last year. The company swung from a nine-month net profit of Rs. 177.20 crore to a net loss of Rs. 56.82 crore, with Q3 alone posting a loss of Rs. 41.22 crore. Results were propped up by an exceptional income of about Rs. 49.76 crore, mainly from the reversal of a Rs. 15.72 crore penalty. On the operational front, pre-sales at the IITL-Nimbus Arista Luxe project were strong at Rs. 747.58 crore versus Rs. 103.14 crore in Q3 FY25, with customer collections rising 254% to Rs. 75.47 crore. The amalgamation process was completed, cancelling Rs. 131.38 crore of preference share liability and lifting consolidated net worth to Rs. 191.79 crore.
Short-term results look weak with a steep revenue decline and a swing to losses, but this is partly cushioned by one-time exceptional gains. The strong pre-sales momentum at Arista Luxe and the Rs. 350 crore construction contract signal future revenue recognition, while the clean auditor opinion and improved net worth post-amalgamation are positives for shareholders.