Outcome of Board meeting dated 28th May 2026
INDNIPPON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Nippon Electricals Ltd Board approved audited standalone and consolidated financial results for FY 2025-26 ended March 31, 2026. Revenue from operations grew 26.5% to Rs. 10,685 crore (from Rs. 8,448 crore in FY 2024-25). Profit after tax surged 35.6% to Rs. 1,113 crore (vs Rs. 820 crore). Basic EPS improved to Rs. 49.18 from Rs. 36.26. An exceptional item of Rs. 152 crore was recognized from Haryana government compensation for compulsory land acquisition in 2010. The subsidiary PT Automotive Systems Indonesia was wound up during the year with a gain of Rs. 20 lakh on liquidation. Deloitte Haskins & Sells issued unmodified audit opinion. The Board also scheduled the 41st AGM for July 30, 2026, re-appointed Cost Auditor Mr. K Suryanarayanan, appointed PKF Sridhar & Santhanam LLP as Internal Auditors, and approved re-appointment of two Independent Directors for second terms of five years.
Strong financial performance with revenue and PAT growth exceeding 25% threshold is positive for shareholders. The unmodified audit opinion indicates clean financials with no major concerns. The exceptional income from land compensation provides additional upside though it's non-recurring.