Nimbus Projects Reports Significant Financial Challenges Amidst Improved Liquidity for Q4 2024

Feb 11 2025 11:20 AM IST
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Nimbus Projects has released its financial results for the quarter ending December 2024, revealing the highest cash reserves in recent periods at Rs 24.36 crore. However, the company reported significant losses in profit before tax and profit after tax, alongside a decline in earnings per share, indicating ongoing financial challenges.
Nimbus Projects, a microcap company in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score experiencing a revision from 19 to 2 over the past three months.

The financial data reveals that Nimbus Projects has achieved its highest cash and cash equivalents in the last six half-yearly periods, amounting to Rs 24.36 crore, suggesting an improvement in short-term liquidity. However, the company faces significant challenges, as evidenced by its profit before tax less other income (PBT), which stands at Rs -13.37 crore, marking a substantial decline compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) has also shown a considerable downturn, recorded at Rs -11.89 crore, contrasting sharply with the average PAT of Rs 3.33 crore from the prior quarters.

Additionally, the earnings per share (EPS) has reached its lowest point in the last five quarters at Rs -10.97, indicating a decline in profitability and lower earnings for shareholders. These trends highlight the ongoing difficulties Nimbus Projects is encountering in its financial landscape.

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