Nimbus Projects Limited reported a consolidated net profit of ₹3.26 crore for the quarter ended June 30, 2026, marking a reversal from the net loss of ₹31.17 crore recorded in the same period last year. The company’s standalone operations, however, posted a net loss of ₹13.33 crore, compared to a loss of ₹1.00 crore in Q1FY26.

The board of directors approved the unaudited financial results on August 12, 2026. The results were reviewed by statutory auditors Oswal Sunil & Company, which issued an unqualified limited review report.

Consolidated Financial Performance

Consolidated revenue from operations stood at ₹293.53 lakh in Q1FY27, down significantly from ₹21,882.53 lakh in Q4FY26 but up from ₹389.63 lakh in Q1FY25. Total revenue, including other income and share of profit from partnerships, reached ₹1,408.38 lakh.

Total expenses amounted to ₹1,917.60 lakh. A key driver for the improved bottom line was the share of net profit from investments in associates accounted for using the equity method, which contributed ₹872.49 lakh, compared to a loss of ₹1,360.54 lakh in the previous quarter.

Standalone Operations

On a standalone basis, revenue from operations was ₹37.66 lakh, slightly lower than ₹38.06 lakh in Q4FY26. Other income rose sharply to ₹46.30 lakh from ₹22.50 lakh in the preceding quarter.

However, total expenses surged to ₹1,432.91 lakh, primarily driven by a share of losses from partnership firms amounting to ₹1,071.13 lakh. This contrasts with a share of profit of ₹3,741.74 lakh in Q4FY26, which had been boosted by revenue recognition from the completion of Phase 2 of the Express Park View project.

What the Numbers Show

The divergence between consolidated and standalone results highlights the company’s reliance on associate entities for current profitability. While standalone operations incurred significant losses due to partnership firm allocations, the consolidated bottom line turned positive largely due to an ₹872.49 lakh profit contribution from associates. This indicates that operational performance at the parent level remains under pressure, with profitability currently sustained by external equity investments rather than core real estate development activities.

Project Updates

As of June 30, 2026, Nimbus Projects has completed four major projects: Express Park View, The Hyde Park, The Golden Palm, and Express Park View-II. Two projects remain ongoing: The Palm Village and The Sunworld Arista.

The company is developing the IITL-Nimbus, The Arista Luxe project in Noida as a co-developer. It has invested ₹414.62 crore in the project as of June 30, 2026. The total estimated sale value is approximately ₹2,000 crore, with an estimated cost of ₹1,200 crore. UP RERA has extended the registration validity until January 23, 2030.

Nimbus Projects has issued a corrigendum to rectify the timing of its upcoming Board Meeting, correcting a typographical error in its earlier disclosure. The company announced that the meeting will commence at 3:30 PM on August 12, 2026, instead of the previously stated 12:00 PM. This clarification ensures stakeholders have accurate information regarding the schedule of the corporate governance event. The correction was communicated via an official filing to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 3, 2026.

The corrigendum references Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior intimation of Board Meetings. The company stated that the initial intimation, bearing Reference No. NPL/BSE/NSE/2026-27/32, contained an inadvertent error regarding the start time. Apart from the time correction, all other details contained in the original intimation remain unchanged. The notice of the Board Meeting is available on the company's website at www.nimbusprojectsltd.com .

Key Details of the Correction

The filing was signed by Ritika Aggarwal, the Company Secretary and Compliance Officer of Nimbus Projects Limited. Her membership number is A69712. The digital signature timestamp indicates the document was executed on August 3, 2026, at 17:15:52 +05'30. The company emphasized that this change is purely procedural and does not alter the agenda or other logistical arrangements previously disclosed.

Investors and shareholders are advised to note the corrected time for any relevant actions or monitoring of the meeting outcomes. The company’s scrip code on the BSE is 511714. No further changes to the meeting schedule or agenda were reported in this communication.