Nimbus Projects Ltd holds 33rd AGM; Chairman highlights FY26 performance and expansion plans.
Nimbus Projects Limited reported standalone revenue of ₹146.73 Lakh and a loss of ₹1212.94 Lakh for FY26. Consolidated revenue rose to ₹22875.62 Lakh, with a consolidated loss of ₹8798.85 Lakh. The company delivered four projects and has two ongoing, with possession for Nimbus The Palm Village by March 2028 and Nimbus Sunworld Arista by December 2029. A new JDA for a 25-acre township in Vrindavan was announced.
The increase in consolidated revenue and the announcement of a new JDA in a Tier-2 city are positive developments. However, the substantial consolidated loss and the modest standalone revenue and loss indicate a mixed impact on the company's immediate financial health.
The company reported increased consolidated revenue but also a significant consolidated loss. While there are positive developments like project deliveries and a new JDA, the overall financial performance shows a mixed picture.
Nimbus Projects Limited (NPL) held its 33rd Annual General Meeting (AGM) on September 29, 2026. The Chairman's speech, delivered via Video Conference/Other Audio-Visual Means, provided an overview of the financial year 2025-26 and future strategies.
During FY26, NPL reported standalone revenue from operations of ₹146.73 Lakh, a slight decrease from ₹151.12 Lakh in the previous year. The standalone loss for the year was ₹1212.94 Lakh, an improvement from the ₹1274.92 Lakh loss in FY25.
On a consolidated basis, NPL's revenue from operations significantly increased to ₹22875.62 Lakh in FY26, up from ₹17829.71 Lakh in FY25. However, the consolidated results showed a loss of ₹8798.85 Lakh for FY26, a shift from a profit of ₹6411.66 Lakh in the previous year. The consolidation included subsidiaries like N.N. Financial Services Private Limited, Pelican Realty Ventures Private Limited, and partnership firms like IITL-Nimbus, The Express Park View and IITL-Nimbus, The Palm Village.
The company successfully delivered four projects: Express Park View-I, Express Park View-II, Hyde Park, and Golden Palms, covering a total saleable area of approximately 65.31 lakh sq. ft. Two ongoing projects, Nimbus The Palm Village and Nimbus Sunworld Arista, are progressing. Nimbus The Palm Village, with 1,172 residential and 44 commercial units, has sold 978 units totaling ₹79,249 Lakh, with possession expected by March 2028. Nimbus Sunworld Arista, comprising 340 units, has sold 16 units for ₹9,979.21 Lakh, with possession expected by December 2029.
A significant development announced is the Joint Development Agreement (JDA) for a residential plotted township on approximately 25 acres in Vrindavan. This initiative marks an expansion into Tier-2 cities and aligns with the company's strategy to broaden its geographical footprint. NPL intends to explore similar opportunities in other Tier-2 cities and emerging markets.
The Chairman emphasized the company's focus on quality projects, customer commitments, and sustainable stakeholder value, while highlighting the importance of corporate governance, transparency, and regulatory compliance.
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