Unaudited Financial Results (Standalone & Consolidated) for the quarter & half year ended September 30, 2025
NIMBSPROJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nimbus Projects Ltd reported unaudited results for Q2 and H1 FY26 (ended Sept 30, 2025), approved by the Board on November 14, 2025. On a standalone basis, the company posted a loss before tax of about Rs 26.26 crore for H1 FY26, though this was cushioned by an exceptional income of Rs 15.72 crore from reversal of excess provision for delayed construction penalty. Net cash used in operating activities remained negative at around Rs 12.06 crore standalone and Rs 19.02 crore consolidated, reflecting working capital strain typical of a real estate developer with large inventory of Rs 370 crore (standalone). Total standalone net worth stood at Rs 201.32 crore post a recent amalgamation, with Rs 131.38 crore of preference share liability cancelled and new equity shares listed on BSE on August 7, 2025. The portfolio includes three completed projects (Express Park View, Hyde Park, Golden Palm) and three ongoing ones (Express Park View-II, Palm Village, Sunworld Arista). Auditor M/s Oswal Sunil & Company issued an unmodified limited review report with prior period figures re-casted.
The results highlight continued losses on the bottom line and persistent negative operating cash flows, though the exceptional provision reversal and post-amalgamation cleaner balance sheet (preference shares wiped out) offer some cushion. Shareholders should watch project execution and collections from ongoing projects, as the company's profitability remains heavily dependent on reversal of old provisions and performance of joint ventures.