NIBE Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
NIBE · price
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NIBE Limited's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations fell about 27% year-on-year to Rs 8,249.92 lakhs, while net profit after tax plunged roughly 88% to Rs 104.26 lakhs, with EPS at Rs 0.72 versus Rs 6.11 a year ago. On a standalone basis, revenue dropped to Rs 8,119.01 lakhs and PAT to Rs 389.03 lakhs. The Defence segment continues to dominate (Rs 8,152.65 lakhs in revenue), with the newly reported Aviation segment posting a small loss of Rs 209.50 lakhs. The board accepted the resignation of CEO Ranjan Choudhary (citing internal group reorganization) and appointed Prakash Khose, a mechanical engineer with 34 years of experience in automotive, aerospace and defence, as the new CEO with effect from August 12, 2025. New Cost Auditor and Secretarial Auditor were also appointed. Additionally, the company deferred its proposed preferential issue fund raise due to current market volatility, though it confirmed that Rs 782.99 lakhs raised earlier via convertible warrants has been fully used for the stated purpose of capex and working capital.
The sharp YoY decline in both revenue and profit, combined with a leadership change at the top and a deferred fund-raising plan, points to a tough quarter and cautious near-term outlook for shareholders, though the absence of any deviation in use of previously raised funds is a positive signal.