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India Nippon Electricals Limited Q2 FY26 results deck summary

NSE: INDNIPPON · BSE: 532240

Results deck of 25 Nov 2025, summarised by AI from the filing.

Q2-FY26 revenue ₹2,726 mn (+29.9% YoY) with EBITDA ₹307 mn and PAT ₹232 mn; festive momentum expected to extend into Q4.

Key takeaways

  1. Q2 revenue Q2-FY26 revenue from operations ₹2,726 mn (Q2-FY25: ₹2,099 mn, +29.9%), with EBITDA ₹307 mn and PAT ₹232 mn.
  2. Festive demand Festive momentum is expected to extend into Q4 backed by steady demand from rural community, wedding related purchases and spill over festive bookings.
  3. Margin change Q2 EBITDA margin 11.26% (Q1-FY26: 10.41%, +85 bps) but PAT margin 8.51% (Q1-FY26: 10.32%, -181 bps).
  4. Growth driver Q2 sales grew 30% YoY, outperforming the 11% growth in the 2W industry, helped by GST Reform 2.0 reducing ownership costs.
  5. Key risk EV production continues to be impacted by rare earth magnet supply disruptions, and US-imposed tariffs are prompting price-reduction requests from customers.

Original filing on BSE

India Nippon Electricals Limited Q1 FY27 results

As filed: Revenue ₹304 cr (+35% year on year), EBITDA ₹32.1 cr (+39% year on year), PAT ₹27.0 cr (+18% year on year), EBITDA margin 10.5% (+30 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹299 cr (+28% year on year), EBITDA ₹36.9 cr (+37% year on year), PAT ₹39.8 cr (+16% year on year), EBITDA margin 12.3% (+78 bps). Score 72 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit before exceptional items growth was below it. EBITDA margin rose 78 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue rose ₹65.5 cr on a year ago, more than the ₹38.0 cr it added the year before. Share price after the results: +17.3% in 28 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹272 cr (+26% year on year), EBITDA ₹29.4 cr (+17% year on year), PAT ₹24.9 cr (+56% year on year), EBITDA margin 10.8% (−83 bps). Score 50 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was below it; profit growth was above it. EBITDA margin fell 83 bps year on year. Other income 26% of PBT. Profit rose ₹8.9 cr on a year ago, more than the ₹4.0 cr it added the year before. Share price after the results: −1.8% in 28 days (Nifty 500: −8.2%).
  • Q2 FY26: Revenue ₹273 cr (+30% year on year), EBITDA ₹29.0 cr (+26% year on year), PAT ₹23.0 cr (+10% year on year), EBITDA margin 10.6% (−33 bps). Score 66 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 33 bps year on year. Profit rose ₹2.0 cr on a year ago, against ₹3.0 cr the year before. Share price after the results: −17.6% in 28 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹225 cr (+20% year on year), EBITDA ₹22.0 cr (+38% year on year), PAT ₹23.0 cr (+28% year on year), EBITDA margin 9.8% (+122 bps). Score 57 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin rose 122 bps year on year. Other income 40% of PBT. Revenue fell 4% from last quarter. Revenue rose ₹38.0 cr on a year ago, more than the ₹27.0 cr it added the year before. Share price after the results: +17.1% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹234 cr (+19% year on year), EBITDA ₹27.0 cr (+23% year on year), PAT ₹27.0 cr (+35% year on year), EBITDA margin 11.5% (+31 bps). Score 37 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin rose 31 bps year on year. Other income 30% of PBT. Tax rate 10%. Profit rose ₹7.0 cr on a year ago, more than the ₹6.0 cr it added the year before. Share price after the results: +5.7% in 28 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹215 cr (+20% year on year), EBITDA ₹25.0 cr (+67% year on year), PAT ₹16.0 cr (+33% year on year), EBITDA margin 11.6% (+325 bps). Score 74 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was well above it; profit growth was in line with it. EBITDA margin rose 325 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Profit fell 24% from last quarter. Revenue rose ₹36.0 cr on a year ago, more than the ₹23.0 cr it added the year before.
  • Q2 FY25: Revenue ₹210 cr (+11% year on year), EBITDA ₹23.0 cr (+15% year on year), PAT ₹21.0 cr (+17% year on year), EBITDA margin 11.0% (+43 bps). Score 47 of 100, In line with trend. EBITDA margin rose 43 bps year on year. Other income 32% of PBT. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

India Nippon Electricals Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.