Nimbus Projects swings to Q4 profit on partnership income
The real estate developer posted a standalone profit of ₹25.48 crore for the March quarter, though full-year consolidated results show a loss.
— 2 earlier stories on Nimbus Projects Ltd. →What's new
- Standalone Q4 profit reached ₹25.48 crore, reversing a ₹17.22 crore loss from the prior year.
- Revenue for the quarter climbed to ₹38.06 crore, with ₹37.41 crore coming from partnership profits.
- Full-year consolidated net loss attributable to owners reached ₹68.20 crore.
Why this matters
The quarterly profit is almost entirely a function of profit shares from partnership firms rather than core operations. The contrast between the quarterly standalone gain and the significant annual consolidated loss shows the volatility in the company's earnings structure.
What we're watching
- The sustainability of profit contributions from partnership firms.
- Any further breakdown of the ₹68.20 crore consolidated annual loss.
- Future operational revenue growth beyond partnership-driven gains.
The full read
Nimbus Projects reported a standalone net profit of ₹25.48 crore for the quarter ended March 31, 2026, a reversal from the ₹17.22 crore loss recorded in the same period last year. Quarterly revenue reached ₹38.06 crore, compared to ₹2.49 crore a year ago. This performance relies on a ₹37.41 crore share of profit from partnership firms. The full-year picture remains negative. The company posted a standalone net loss of ₹2.13 crore for FY26, while the consolidated net loss attributable to owners of the parent stood at ₹68.20 crore. The auditor provided an unmodified opinion on the annual statements. The results show that while the final quarter provided a profit boost, the consolidated entity continues to face losses.
Questions answered
- What drove the turnaround in the March quarter?
- The company reported a standalone profit of ₹25.48 crore, supported by a ₹37.41 crore share of profit from its partnership firms.
- How did the full financial year perform?
- For the year ended March 31, 2026, the company recorded a standalone net loss of ₹2.13 crore and a consolidated net loss of ₹68.20 crore.
- Did the auditor raise any concerns?
- No. The auditor issued an unmodified opinion on both the standalone and consolidated financial statements.
- How does this quarter compare to the same period last year?
- The company reversed a net loss of ₹17.22 crore reported in the quarter ended March 31, 2025.
Story so far
All notes on NIMBSPROJ →- 27 May 2026 · 11:01 PM IST Nimbus Projects swings to Q4 profit on partnership income
- today Nimbus Projects swings to profit as partnership income hits ₹37 cr
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