Integrated Filing — IndAS



General information about company

Scrip Code 532240
NSE Symbol INDNIPPON
MSEI Symbol NOTLISTED
ISIN INE092B01025
Name of company India Nippon Electricals Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Electrical and Electronic products for two/three wheelers and engines
Start date and time of board meeting 14-11-2025   10:00:00
End date and time of board meeting 14-11-2025   13:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 27,256.00 49,726.00
Other income 690.00 1,890.00
Total income 27,946.00 51,616.00
2 Expenses
(a) Cost of materials consumed 18,643.00 33,168.00
(b) Purchases of stock-in-trade 794.00 1,227.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (470.00) (27.00)
(d) Employee benefit expense 3,026.00 5,748.00
(e) Finance costs 8.00 16.00
(f) Depreciation, depletion and amortisation expense 427.00 848.00
(f) Other Expenses
1 Other operating expenses 1,035.00 2,021.00
2 Other expenses 1,275.00 2,362.00
Total other expenses 2,310.00 4,383.00
Total expenses 24,738.00 45,363.00
3 Total profit before exceptional items and tax 3,208.00 6,253.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,208.00 6,253.00
6 Tax expense
7 Current tax 768.00 1,456.00
8 Deferred tax 120.00 156.00
9 Total tax expenses 888.00 1,612.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,320.00 4,641.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,320.00 4,641.00
17 Other comprehensive income net of taxes 2,732.00 2,737.00
18 Total Comprehensive Income for the period 5,052.00 7,378.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,131.00 1,131.00
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 10.26 20.52
Diluted earnings (loss) per share from continuing operations 10.26 20.52
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 10.26 20.52
Diluted earnings (loss) per share from continuing and discontinued operations 10.26 20.52
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes : 1) The operations of the Company relate to only one segment viz. Electrical and Electronic products for two/three wheelers and engines. 2) These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3) The standalone and consolidated unaudited financial results have been reviewed and recommended by the Audit Committee on 13 November 2025 and approved by the Board of Directors at their meeting held on 14 November 2025. The standalone and consolidated unaudited financial results are prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (as amended). These results have been subjected to limited review by the Statutory Auditors of the Company. 4) Earning per share is not annualised for the quarter ended 30 September 2025, 30 September 2024 and 30 June 25 and for six months ended 30 September 2025 and 30 September 2024. 5) The subsidiary PT Automotive Systems Indonesia Ltd., was successfully wound up during the six months ended 30 September 2025 on completion of all regulatory process in Indonesia. The consolidated financials for the six months include the results, a loss of Rs.9 lakhs in the subsidiary for the period 1 April 2025 to 24 June 2025, being date of liquidation. An amount of Rs. 425 Lakhs has been received upon this liquidation as against the net carrying value of Rs. 405 lakhs. The gain on such liquidation of Rs. 20 lakhs has been accounted under Other Income in the standalone financial results of the Company. 6) The standalone and consolidated unaudited financial results for the quarter and six months ended 30 September 2025 is available on the company website www.indianippon.com under Investors and on the stock exchange websites - www.nseindia.com /www.bseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 15,351.00
Capital work-in-progress 1,218.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 55.00
Intangible assets under development 19.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 37,210.00
Trade receivables, non-current 0.00
Loans, non-current 142.00
Other non-current financial assets 936.00
Total non-current financial assets 38,288.00
Deferred tax assets (net) 0.00
Other non-current assets 238.00
Total non-current assets 55,169.00
2 Current assets
Inventories 8,838.00
Current financial asset
Current investments 14,484.00
Trade receivables, current 20,635.00
Cash and cash equivalents 784.00
Bank balance other than cash and cash equivalents 59.00
Loans, current 0.00
Other current financial assets 909.00
Total current financial assets 36,871.00
Current tax assets (net) 407.00
Other current assets 1,312.00
Total current assets 47,428.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,02,597.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,131.00
Other equity 77,344.00
Total equity attributable to owners of parent 78,475.00
Non controlling interest 0.00
Total equity 78,475.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 88.00
Total non-current financial liabilities 88.00
Provisions, non-current 498.00
Deferred tax liabilities (net) 4,514.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 5,100.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 4,946.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 9,918.00
Total Trade payable 14,864.00
Other current financial liabilities 3,197.00
Total current financial liabilities 18,061.00
Other current liabilities 796.00
Provisions, current 165.00
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 19,022.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 24,122.00
Total equity and liabilites 1,02,597.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit and Loss 317800000 318400000
Total Amount of items that will not be reclassified to profit and loss 3,178.00 3,184.00
2 Income tax relating to items that will not be reclassified to profit or loss 446.00 447.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2,732.00 2,737.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 6,253.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 16.00
Adjustments for decrease (increase) in inventories (1,617.00)
Adjustments for decrease (increase) in trade receivables, current (3,613.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (262.00)
Adjustments for decrease (increase) in other non-current assets (25.00)
Adjustments for other financial assets, non-current (20.00)
Adjustments for other financial assets, current 552.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 851.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (430.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 848.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (11.00)
Adjustments for provisions, non-current 112.00
Adjustments for other financial liabilities, current 277.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (62.00)
Adjustments for dividend income 34.00
Adjustments for interest income 219.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (1,140.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (304.00)
Other adjustments for non-cash items 4.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (5,077.00)
Net cash flows from (used in) operations 1,176.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,082.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 94.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 40,257.00
Other cash payments to acquire equity or debt instruments of other entities 40,186.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 98.00
Purchase of property, plant and equipment 1,858.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 34.00
Interest received 200.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 205.00
Net cash flows from (used in) investing activities (1,250.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 55.00
Dividends paid 0.00
Interest paid 6.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (61.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,217.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (1,217.00)
Cash and cash equivalents cash flow statement at beginning of period 2,001.00
Cash and cash equivalents cash flow statement at end of period 784.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results No
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells LLP Yes 31-07-2027