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Nimbus Projects recorded a 77% year-on-year increase in sales bookings to INR 281.24 crore in the March quarter of the last financial year, indicating improved demand across its key markets. However, its full-year performance showed a decline, with total pre-sales at INR 545 crore compared to INR 653 crore in the previous year. The Noida-based developer attributed the quarterly growth to sustained homebuyer confidence and steady demand, supported by execution and sales strategies. With a portfolio spanning residential and commercial developments in Noida and Greater Noida, the company continues to focus on converting bookings into collections to strengthen cash flows amid evolving market conditions.
Nimbus Projects reported in recent days a 77% increase in its sales bookings for the final quarter of the previous financial year, reaching INR 281.24 crore, reflecting improved demand across its residential portfolio in the National Capital Region. The company's pre-sales had stood at INR 158.90 crore in the corresponding period a year earlier. Advertisement
Despite the strong quarterly performance, the company's full-year sales bookings declined to INR 545 crore in the 2025-26 financial year, compared to INR 653 crore recorded in the preceding year. The divergence between quarterly growth and annual performance indicates a recovery in demand momentum towards the end of the fiscal year.
Nimbus Projects has a presence in Noida and Greater Noida, where it has developed a mix of residential and commercial projects since its incorporation in 1993. The company's operations are concentrated in these markets, which have seen varying demand trends influenced by infrastructure development, pricing dynamics, and buyer sentiment.
The company's leadership indicated that the growth in quarterly pre-sales reflects sustained homebuyer confidence and stable demand conditions across its core markets. It stated that its focus on timely project execution and a disciplined sales approach has supported the conversion of bookings into collections, contributing to improved cash flow visibility.
The performance also highlights broader trends within the residential segment, where demand has shown resilience in select micro-markets despite fluctuations in macroeconomic conditions. Developers have increasingly focused on execution timelines and inventory monetisation, as buyers prioritise project delivery and credibility.
Nimbus Projects recent quarterly performance suggests a pickup in sales activity, even as the full-year numbers reflect earlier softness. The company's ability to sustain this momentum will depend on continued demand stability and execution across its ongoing and planned developments in the Noida and Greater Noida markets.
Source - PTI
5th Jun, 2025
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