NIMBUS PROJECTS LIMITED

Develops and sells residential real estate, primarily in the National Capital Region across Noida, Greater Noida and YEIDA, and is expanding into Uttar Pradesh cities including Mathura, Meerut, Vrindavan and Hapur. Revenue is earned by booking and selling residential units in joint-venture development projects such as The Hyde Park Noida, The Express Park View and The Palm Village, which together with newly incorporated subsidiaries are being reorganised from partnership firms into private limited companies. In Q1 FY27, the company reported pre-sales booking value of Rs 157.36 crore, up 134.31% from Rs 67.16 crore a year earlier, and customer collections of Rs 75.91 crore, up 49.75% from Rs 50.69 crore. The company has signed an MoU for a 25-acre integrated residential township at Neemgaon, Mathura, on a 50:50 revenue-sharing arrangement with landowners, paying Rs 20 crore upfront and Rs 10 crore as refundable security on execution of the joint development agreement. Construction and development materials are the dominant cost, accounting for 80.9% of FY26 revenue, while employee costs are 3.6% and other operating expenses 53.2% of revenue. Project funding is raised through term loans from ICICI Bank at 10.10% per annum, secured against about 52,493 square metres of land at Greater Noida, unsold units, future receivables and escrow accounts.