Nimbus Projects swings to profit as partnership income hits ₹37 cr
The real estate developer posted a net profit of ₹25.48 crore for Q4 FY26, reversing a year-ago loss of ₹17.22 crore on the back of partnership gains.
— 2 earlier stories on Nimbus Projects Ltd. →What's new
- Standalone net profit reached ₹25.48 cr, up from a ₹17.22 cr loss in Q4 FY25.
- Revenue from operations climbed to ₹38.06 cr, aided by ₹37.41 cr in partnership profits.
- Presales bookings grew 55% to ₹246.55 cr, with collections up 124% to ₹101.89 cr.
Why this matters
The profit turnaround is heavily reliant on a one-time or non-operating share of profit from partnership firms rather than core development margins. While the operational metrics like presales and collections show genuine momentum, the quality of earnings remains tied to these external partnership contributions.
What we're watching
- Sustainability of partnership firm profits in future quarters.
- Conversion of the reported ₹246.55 cr in presales into actual revenue.
- Any further details on the nature of the partnership income.
The full read
Nimbus Projects posted a standalone net profit of ₹25.48 crore for the quarter ended March 31, 2026, a sharp reversal from the ₹17.22 crore loss reported in the same period last year. Revenue from operations reached ₹38.06 crore, a significant jump from the ₹2.49 crore recorded in Q4 FY25. This growth is primarily attributable to a ₹37.41 crore share of profit from partnership firms. Beyond the headline profit, the company reported strong operational indicators, with presales bookings rising 55% year-on-year to ₹246.55 crore. Customer collections also surged 124% to ₹101.89 crore. The company now holds a standalone net worth of ₹215.64 crore and maintains listings on both the BSE and NSE. While the operational growth is clear, the reliance on partnership profits to drive the bottom line suggests that the core development business remains secondary to these external income streams.
Questions answered
- What drove the swing from loss to profit for Nimbus Projects?
- The company reported a standalone net profit of ₹25.48 crore for the quarter, largely supported by a ₹37.41 crore share of profit from partnership firms.
- How did the company's operational performance compare to last year?
- Operational performance improved significantly, with presales bookings rising 55% to ₹246.55 crore and customer collections jumping 124% to ₹101.89 crore.
- What is the current financial position of the company?
- As of March 31, 2026, the company reported a standalone net worth of ₹215.64 crore.
- Are these results audited?
- Yes, the company confirmed these are audited results for the quarter ended March 31, 2026.
Story so far
All notes on NIMBSPROJ →- 27 May 2026 · 10:13 PM IST Nimbus Projects swings to profit as partnership income hits ₹37 cr
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