Nimbus Projects delivered a remarkable financial turnaround in Q1 FY27, reporting a consolidated net profit of ₹3.26 crore for the quarter ended June 30, 2026, marking a complete reversal from the net loss of ₹31.17 crore recorded in the same period last year. According to the company's unaudited financial results approved by the board of directors on August 12, 2026, this turnaround was primarily driven by ₹872.49 lakh contribution from associate profits, compared to a loss of ₹1,360.54 lakh in the previous quarter. The results were reviewed by statutory auditors Oswal Sunil & Company, which issued an unqualified limited review report.
The company's consolidated revenue from operations stood at ₹293.53 lakh in Q1 FY27, representing a significant decline from ₹389.63 lakh in Q1 FY25 but showing improvement from ₹21,882.53 lakh in Q4 FY26. Total revenue, including other income and share of profit from partnerships, reached ₹1,408.38 lakh. On a standalone basis, revenue from operations was ₹37.66 lakh, slightly higher than ₹35.63 lakh in Q1 FY25, though total expenses surged to ₹1,432.91 lakh due to partnership firm losses of ₹1,071.13 lakh. This contrasts with a share of profit of ₹3,741.74 lakh in Q4 FY26, which had been boosted by revenue recognition from the completion of Phase 2 of the Express Park View project.
The company's operating profit margin (OPM) showed significant improvement to -400.68% in Q1 FY27 from -1211.03% in the previous year quarter, indicating better operational efficiency despite revenue challenges. Total expenses amounted to ₹1,917.60 lakh for the consolidated results, while standalone expenses reached ₹1,082.34 lakh. The divergence between consolidated and standalone results highlights the company's reliance on associate entities for current profitability, with operational performance at the parent level remaining under pressure due to partnership firm allocations.
The Board of Directors approved the re-appointment of Rajeev Kumar Asopa as a Non-Executive, Non-Independent Director at its 33rd Annual General Meeting scheduled for future date. The proposal was made by the Nomination and Remuneration Committee (NRC) and approved on August 12, 2026, after verifying Mr. Asopa's compliance status with MCA and SEBI regulations. The company confirmed that Mr. Asopa is not debarred from holding the office of Director pursuant to any order from the Ministry of Corporate Affairs (MCA), SEBI, or any other regulatory authority. Mr. Asopa brings over three decades of experience in corporate governance and finance, with the appointment subject to shareholder approval at the upcoming AGM.
