Nimbus Projects Limited submitted an investor presentation to BSE and NSE containing unaudited financial results for the quarter and half year ended September 30, 2026, pursuant to SEBI Regulation 30. The Board meeting commenced at 03:00 PM IST and concluded at 08:00 PM IST on November 05, 2026.

Company Overview

Nimbus Group operates across three business verticals: real estate, hospitality, and financial services (through RBI-registered NBFCs). The group has 30+ years of experience in real estate with 13 projects comprising approximately 10 million sq ft portfolio across residential, commercial, and hospitality segments. The company has delivered homes to 5,400+ families.

Operational Performance

Residential Portfolio - Completed Projects:

  • The Hyde Park (Sector 78, Noida): 2,092 homes, 2.56 mn sq ft, 2,091 sold
  • The Golden Palms (Sector 168, Noida): 1,403 homes, 1.61 mn sq ft, 1,396 sold
  • Express Park View I (Chi-V, Greater Noida): 666 homes, 0.97 mn sq ft, 666 sold
  • Total completed: 4,161 homes, 5.14 mn sq ft, 4,153 sold (99.8%)

Residential Portfolio - Ongoing Projects:

  • Express Park View II (Chi-V, Greater Noida): 1,630 homes, 1.90 mn sq ft, 1,546 sold (95%), status: Completed
  • The Palm Village (Yamuna Expressway): 1,176 homes, 1.00 mn sq ft, 981 sold (83%), status: Under development
  • The Arista Luxe (Sector 168, Noida): 340 luxury homes, 1.12 mn sq ft, 37 sold (11%), status: Under development
  • Total ongoing: 3,146 homes, 4.02 mn sq ft, 2,564 sold (81%)

Collections from Ongoing Projects:

  • Express Park View II: Sales value ₹7,651 mn, collected ₹7,590 mn (99% collected)
  • The Palm Village: Sales value ₹8,696 mn, collected ₹4,238 mn (49% collected)
  • The Arista Luxe: Sales value ₹1,559 mn, collected ₹203 mn (13% collected)
  • Total: Sales value ₹17,906 mn, collected ₹12,032 mn (67% collected)

Retail Portfolio:

  • 147 of 150 shops sold in delivered projects
  • The Palm Street (44 shops) under development at The Palm Village

Financial Performance

Historical Financials (Consolidated, ₹ mn):

  • FY26 Revenue from operations: ₹2,288 mn (up 28% over FY25, 6.4× growth since FY23)
  • FY25 Profit after tax: ₹637 mn (6.5× growth from FY22 to FY24)
  • FY26 loss attributed to one-off items: ₹521 mn investment losses + ₹238 mn share of associates' losses

Q2 FY27 Financial Highlights:

  • Revenue from operations: Up 58% year-on-year
  • H1FY27 Pre-sales: ₹2,355 mn (up 36% year-on-year)

Balance Sheet (Consolidated, ₹ mn as of September 30, 2026):

  • Total Assets: ₹13,024 mn (vs. ₹12,187 mn as of March 31, 2026)
  • Fixed assets: ₹108 mn
  • Goodwill: ₹421 mn
  • Investments: ₹996 mn
  • Financial assets: ₹2,064 mn
  • Inventories: ₹7,650 mn
  • Trade receivables: ₹361 mn
  • Cash and bank balances: ₹395 mn
  • Total Equity: ₹3,525 mn
  • Equity share capital: ₹193 mn
  • Other equity: ₹2,886 mn
  • Non-controlling interests: ₹445 mn
  • Borrowings: ₹3,069 mn
  • Net debt to equity: 0.76× (net debt ₹2,674 mn)

H1FY27 Cash Flow (₹ mn):

  • Operating cash flow: -₹349
  • Loss before tax: -₹144
  • Construction spend (inventories): -₹850
  • Customer advances and other liabilities: +₹520
  • Provisions: +₹474
  • Net new borrowings: +₹365
  • Cash position as of September 30, 2026: ₹395 mn

Growth Strategy and Outlook

FY27 Targets:

  • Turnover target: ₹3,980 mn (+74% over FY26)
  • Pre-sales target: ₹6,000 mn (+44% over previous period)

Growth Pipeline:

  • Capital-light expansion through Joint Development Agreements (JDAs) and revival of stalled projects
  • ~24-acre township planned at Govardhan, Mathura (54:46 revenue share with landowners)
  • Exploring opportunities in Uttarakhand, Tier-2 cities, and new formats
  • Plan to launch 6 projects of ~25 acres each over next three years (FY2027-28 to FY2029-30)

Projected Economics for New Launches (per project, ₹ mn):

  • Project revenue: ~4,500
  • Landowners' share (treated as cost): ~2,250
  • Development cost: ~750
  • Initial investment: 250
  • Nimbus profit: ~1,250 (5.0× return on investment)

PAT Target: ₹9,022 mn by FY29

Leadership and Governance

Board of Directors:

  • Mr. Anand Kumar: Non-Executive Chairman (IAS 1984, former Secretary to Government of India)
  • Mr. Rajeev Kumar Asopa: Non-Executive Director (Fellow member of ICSI)
  • Ms. Aradhana Singh: Independent Woman Director (ACS and law graduate)
  • Mr. Deepak Kumar Lath: Independent Director (Fellow of ICSI)
  • Ms. Neha Atal Poddar: Independent Woman Director (Chartered Accountant)

Management Team:

  • Mr. Lalit Agarwal: Head - Legal & Secretarial
  • Mr. Sahil Agarwal: Chief Executive Officer
  • Ms. Yamini Agarwal: Chief Marketing Officer
  • Ms. Ritika Aggarwal: Company Secretary & Compliance Officer
  • Mr. Nitesh Kumar Gupta: Chief Financial Officer (since February 2026)

Market Context and Positioning

  • Delhi-NCR is India's second-largest housing market by value
  • Nimbus holds ~0.3% market share in Delhi-NCR housing
  • Infrastructure development (Noida International Airport, expressways, metro) driving growth
  • Industry shift toward branded developers with delivery track records
  • Average home prices in Delhi-NCR increased 23% in 2025

Sustainability and Community Initiatives

  • Environmental focus: Green spaces, rainwater harvesting, sewage treatment, energy-efficient lighting
  • Social initiatives through Lala Ram Kumar Agarwal Memorial Trust
  • Partnerships with Sankalp Cancer Care Foundation, Niveda Foundation, Setu Foundation, Noida Deaf Society
  • POSH policy and fair dealing with contractors and vendors

Brand Recognition

  • Recent awards include ET Real Estate Awards 2026, Realty+ India Brand Leadership Awards 2026
  • Brand ambassador: M.C. Mary Kom (six-time world boxing champion and Olympic medallist)
  • Clubhouse partners at The Arista Luxe: Michael Phelps Swimming, Saurav Ghosal Squash, MMA Matrix Gym, Tattva Wellness