Nimbus Projects Limited reported a consolidated net loss of ₹87.98 crore for the financial year ended March 31, 2026, a significant reversal from the net profit of ₹63.67 crore recorded in the previous year. Consolidated revenue from operations rose to ₹228.75 crore in FY26 from ₹178.29 crore in FY25. The company's standalone financial results for the year also reflected a net loss of ₹12.12 crore, compared to a net loss of ₹12.74 crore in the prior year, with revenue from operations dipping to ₹1.46 crore from ₹1.51 crore.

The Board of Directors approved the annual audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 27, 2026. The Statutory Auditors, M/s. Oswal Sunil & Company, issued an unmodified opinion on the audited financial results for both standalone and consolidated statements. The filing was made in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The consolidated results encompass the holding company, its subsidiaries, associates, and jointly controlled entities. Total comprehensive income for the year stood at a loss of ₹88.01 crore, a sharp decline from the total comprehensive income of ₹63.76 crore in FY25. The company reported an exceptional income of ₹14.28 crore for the year, primarily arising from the adjustment of a delayed construction penalty provision by the partnership firm M/s IITL-Nimbus, The Express Park View.

Operational Highlights and Projects

The company provided an update on its project status as of March 31, 2026. The total salable area across completed and ongoing projects stands at approximately 91.02 lakh sq. ft., with a total sold area of 76.69 lakh sq. ft. The total sale value of the sold area is ₹3,538.96 crore, against which the company has received ₹2,822.65 crore.

Presales booking value for the quarter ended March 31, 2026 (Q4 FY26), reached ₹246.55 crore, marking a growth of 55.16% compared to ₹158.90 crore in the corresponding quarter of the previous year. Customer collections for the quarter surged by 123.88% to ₹101.89 crore from ₹45.51 crore in Q4 FY25.

Key Developments

The company announced that the partnership deed for IITL-Nimbus projects has been revised effective April 1, 2026, to retire M/s Nimbus Propmart Pvt. Ltd. and introduce Mr. Bipin Agarwal as a new partner. Additionally, the Completion Certificate for the second phase of the Express Park View project, comprising 16 Low Rise Apartment towers, was received on January 28, 2026. This led to the recognition of revenue of ₹220.30 crore for the year and a profit of ₹37.42 crore from the partnership firm.

Nimbus Projects also noted that it has been listed on the National Stock Exchange (NSE) effective April 6, 2026, in addition to its existing listing on the BSE. The company's net worth as of March 31, 2026, stood at ₹215.64 crore on a standalone basis. The audited financial results were published in the Financial Express and Jansatta on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nimbus Projects Limited has appointed M/s Doogar & Associates as its statutory auditor for a five-year term, subject to shareholder approval. The appointment follows the completion of the tenure of the existing auditor, M/s. Oswal Sunil & Company. The new term commences from the conclusion of the 33rd Annual General Meeting and concludes at the 38th AGM.

The Board of Directors approved the appointment at its meeting held on May 27, 2026, based on the recommendations of the Audit Committee. M/s Doogar & Associates, a Chartered Accountants firm with ICAI Firm Registration No. 000561N, was established in 1976 and brings over four decades of experience in audit, assurance, taxation, and corporate advisory services.

The firm is headquartered at East of Kailash, New Delhi, with branch offices in Mumbai, Agra, and Jaipur. It is empanelled with regulatory and government authorities including the Comptroller & Auditor General (C&AG), Reserve Bank of India (RBI), and National Highways Authority of India (NHAI).

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 03:00 p.m. and concluded at 09:30 p.m. on the same day.

Key Details of Appointment