Are Nimbus Projects latest results good or bad?

Nimbus Projects has reported its financial results for the quarter ending June 2025, which reveal significant challenges in its operational performance. The net sales for the nine-month period amounted to Rs 6.92 crore, reflecting a substantial year-on-year decline of 96.03%. This sharp decrease highlights a troubling trend in the company's sales performance.
In terms of profitability, the profit before tax (PBT) for the quarter was recorded at Rs -49.70 crore, which represents a drastic fall of 802% compared to the average PBT of Rs 7.08 crore from the previous four quarters. Similarly, the profit after tax (PAT) was reported at Rs -44.51 crore, indicating a decline of 9846.4% against the average PAT of Rs -0.45 crore from the prior four quarters. These figures suggest a challenging period for Nimbus Projects, with negative trends across multiple financial indicators.

However, when examining the quarterly results snapshot, there are some contrasting figures. For the quarter ended June 2025, net sales showed a growth of 369.88% compared to the previous quarter, which had a decline of 62.10%. Additionally, the consolidated net profit exhibited a growth of 74.68% compared to the previous quarter's significant decline of 312.62%.

Despite these quarterly improvements, the overall financial results indicate that Nimbus Projects is navigating a difficult landscape, with ongoing negative trends in key metrics. Furthermore, the company saw an adjustment in its evaluation, reflecting the current financial challenges it faces.