This is to inform you that the Board of Directors of the Company, at its meeting held today, i.e. Tuesday, August 12, 2025, has approved the Unaudited Financial Results (Standalone and ....
NIMBSPROJ · price
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Nimbus Projects' Board approved unaudited Q1 FY26 results (quarter ended June 30, 2025) with an unqualified auditor review. On a consolidated basis, the company swung from a profit of Rs. 27.41 crore in Q1 FY25 to a loss of Rs. 35.57 crore in Q1 FY26, hurt by a Rs. 11.97 crore share of losses from associates and weaker partnership-firm contributions. Consolidated revenue from operations rose about 82% to Rs. 1.51 crore. On a standalone basis, the net loss narrowed sharply from Rs. 11.22 crore to Rs. 1.00 crore, aided by an exceptional income of Rs. 15.72 crore from reversal of a GST-related penalty. Prior-period figures have been re-stated. The company continues to operate only in real estate development, with key projects at various stages of completion.
The sharp swing to a consolidated loss is a negative signal for shareholders, driven largely by associate and joint-venture losses rather than core operations. The standalone picture looks better only because of a one-time exceptional item, so underlying profitability remains weak and the stock may see pressure.