Chairman's AGM speech: FY26 consolidated revenue up, swings to loss; 25-acre Vrindavan JDA

Chairman's speech at the 33rd AGM.

Tue 29 Sep 2026

FY26 Consolidated Revenue

Rs. 22875.62 Lakh vs Rs. 17829.71 Lakh last year

FY26 Consolidated Result

Loss Rs. 8798.85 Lakh vs profit Rs. 6411.66 Lakh last year

Standalone Revenue FY26

Rs. 146.73 Lakh

Standalone Loss FY26

Rs. 1212.94 Lakh

Vrindavan JDA Land Area

Approximately 25 acres

FY26 numbers shared

• Standalone revenue from operations: Rs. 146.73 Lakh vs Rs. 151.12 Lakh last year.
• Standalone loss: Rs. 1212.94 Lakh vs loss of Rs. 1274.92 Lakh last year.
• Consolidated revenue from operations: Rs. 22875.62 Lakh vs Rs. 17829.71 Lakh last year.
• Consolidated loss: Rs. 8798.85 Lakh, against a profit of Rs. 6411.66 Lakh last year.

So consolidated revenue grew, but the consolidated result swung from profit to loss.

Project portfolio

• Four projects delivered as on March 2026: Express Park View-I, Express Park View-II, Hyde Park and Golden Palms, with total saleable area of about 65.31 lakh sq. ft.
• Ongoing: Nimbus The Palm Village, about 14.18 lakh sq. ft., with 1,172 residential units and 44 commercial units; 978 units sold as of March 31, 2026 for a sales value of ₹79,249 lakh; possession committed on or before March 2028.
• Ongoing: Nimbus Sunworld Arista, about 11.27 lakh sq. ft., 340 units; 16 units sold for a sales value of Rs.9,979.21 lakh; possession committed on or before December 2029.
• Execution and registration of Sub-Lease Deeds in favour of allottees continues across projects.

New direction

The Company has entered into a Joint Development Agreement for a residential plotted township across approximately 25 acres of land in Vrindavan; acquisition of land is already completed. This is described as a step into Tier-2 city real estate, beyond its Delhi-NCR focus, with intent to evaluate similar opportunities.

What investors may note

The speech is a management commentary accompanying the Annual Report for the year ended March 31, 2026. The headline positives are higher consolidated revenue, a large sold book at Palm Village and a new Tier-2 project; the headline negative is the swing to a consolidated loss. Sales at Sunworld Arista are at an early stage with 16 of 340 units sold. The Company also noted it holds 95% of partners' capital in the two joint partnership firms consolidated like subsidiaries.

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