Integrated Filing — IndAS



General information about company

Scrip Code 535136
NSE Symbol NIBE
MSEI Symbol NOTLISTED
ISIN INE149O01018
Name of company NIBE 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 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-05-2026   17:20:00
End date and time of board meeting 29-05-2026   17:58:00
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 25,950.40 47,444.76
Other income 163.97 391.92
Total income 26,114.37 47,836.68
2 Expenses
(a) Cost of materials consumed 5,031.42 9,109.50
(b) Purchases of stock-in-trade 13,407.27 25,861.97
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (278.58) (940.81)
(d) Employee benefit expense 548.77 2,493.52
(e) Finance costs 738.80 1,519.03
(f) Depreciation, depletion and amortisation expense 845.71 2,955.54
(f) Other Expenses
1 Aircraft Operating expenses 1,459.26 4,140.04
2 Other Expenses 651.09 2,304.60
Total other expenses 2,110.35 6,444.64
Total expenses 22,403.74 47,443.39
3 Total profit before exceptional items and tax 3,710.63 393.29
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,710.63 393.29
6 Tax expense
7 Current tax 918.46 1,073.46
8 Deferred tax 34.54 (686.59)
9 Total tax expenses 953.00 386.87
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 2,757.63 6.42
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 2,757.63 6.42
17 Other comprehensive income net of taxes 2.27 (6.73)
18 Total Comprehensive Income for the period 2,759.90 (0.31)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,923.47 563.16
Total profit or loss, attributable to non-controlling interests (165.84) (556.75)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2,925.93 556.85
Total comprehensive income for the period attributable to owners of parent non-controlling interests (166.03) (557.17)
21 Details of equity share capital
Paid-up equity share capital 1,494.13 1,494.13
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 33,345.66
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 20.11 3.88
Diluted earnings (loss) per share from continuing operations 17.7 3.41
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 20.11 3.88
Diluted earnings (loss) per share from continuing and discontinued operations 17.7 3.41
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) 1.The above Consolidated Financial Results have been reviewed and recommended by the Audit Committee and taken on record and approved by the Board of Directors in their respective meeting held on May 29, 2026 in terms of Regulation 33 of SEBI (hsting Obligations and Disclosure Requirements) Regulations, 2015 and have been subjected to Audit by the Statutory Auditors of the Company. 2.The consolidated financial results of Nibe Limited and its subsidiaries (group) have been prepared in accordance with the recognition & measurement principles of applicable Indian Accounting Standards (IND AS) notified under the Companies (Indian Accounting Standards) Rules 2015 as specified in Section 133 of the Companies Act 2013 read with Regulation 33 of Securities Exchange Board of India (Listing Obligations & Disclosure Requirements ) Regulation 2015 and other recognised accounting practices & policies. 3.During the year ended March 31, 2026, the company has allotted 2,04,705 Equity shares of Face value of R.10/- each, at a price of Rs. 510 (inlcuding share premium of Rs. 500) on receipt of balance amount of Rs. 382.50 per equity warrants amount to Rs. 7.82 crores (being 75% of warrant amount). This amount has been fully utilised for the purpose of the issue during the year. 4.During the quarter ended March 31, 2026, the Company has raised an amount of Rs. 104.47 crores by way preferential issue of 4,40,000 Equity shares of Face value of R.10/- each (equity shares) for cash at a price of 1258/- per Equity Share (including a share premium of Rs. 1248/- per Equity Share) aggregating to Rs.55.35 crores and 15,62,000 Share Warrants convertible into same number of equity shares at a price of 1258/- per Equity Share (Rs. 314.50/- per warrant i.e., 25% of 1258 paid on allotment), aggregating to Rs.49.12 crores. Out of total Rs. 104.47 crores amount, Rs. 98.11 crores have been utilised for the purpose of the issue during the year and Rs. 6.37 crores is lying in the current account of the Company. The Utiisation of Net Proceeds from Preferential Allotment is Summarised Below Repayment of existing borrowing-75 Cr Augment Working Capital needs of the Company-23.11 Total-8.11 The consolidated financial results include the financial statement of six subsidiaries and one stepdown subsidiary of the Company 5. The Board of Directors has recommended dividend of Rs 1.30 per equity share of face value of Rs 10/- each. The payment is subject to approval of shareholders in the ensuing Annual General Meeting of the Company. 6. The Group primarily operates in defence and aeronautics segment. Refer segment information for segment wise revenue, results, assets and liabilities. The segment report is enclosed herewith. 7. There is no material impact from the enactment of New Labour Codes, 2025 on the financial results of the company in the current period. Also, the Group continues to monitor the finalisation of Central/State Rules and clarifications from Government on other aspects of the Labour Codes and would provide appropriate accounting effect on the basis of such developments in case needed. 8. Figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures for the full financial year and published year to date figures up to the third quarter of the relevant financial year, which are subjected to limited review. 9. Previous year / period figures have been reclassified wherever necessary to confirm with current year / period classification and presentation.



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 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 17,358.97
Capital work-in-progress 6,239.59
Investment property 807.33
Goodwill 765.02
Other intangible assets 1,352.44
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Investments 35.52
2 Other financial assets 757.83
Total of other non-current financial assets 793.35
Total non-current financial assets 793.35
Deferred tax assets (net) 547.84
Other non-current assets
1 Other non-current assets 2,858.21
Total of other non-current assets 2,858.21
Total non-current assets 30,722.75
2 Current assets
Inventories 4,019.56
Current financial asset
Current investments 94.36
Trade receivables, current 23,135.87
Cash and cash equivalents 2,462.35
Bank balance other than cash and cash equivalents 2,221.36
Loans, current 6.08
Other current financial assets
Total of other current financial assets 403.59
Total current financial assets 28,323.61
Current tax assets (net) 116.74
Other current assets
1 Other current assets 2,113.26
Total of other current assets 2,113.26
Total current assets 34,573.17
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 65,295.92
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,494.13
Other equity 33,345.66
Total equity attributable to owners of parent 34,839.79
Non controlling interest 760.31
Total equity 35,600.10
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 5,396.03
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
1 Lease Liabilities 955.78
Total of other non-current financial liabilities 955.78
Total non-current financial liabilities 6,351.81
Provisions, non-current 62.47
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 6,414.28
Current liabilities
Current financial liabilities
Borrowings, current 5,324.77
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,355.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 10,718.01
Total Trade payable 12,073.01
Other current financial liabilities
1 Lease Liabilities 289.08
2 Other current financial liabilities 1,337.44
Total of other current financial liabilities 1,626.52
Total current financial liabilities 19,024.30
Other current liabilities 3,652.78
1 Other current liabilities 3,652.78
Total of other current liabilities 3,652.78
Provisions, current 8.93
Current tax liabilities (Net) 595.53
Deferred government grants, Current 0.00
Total current liabilities 23,281.54
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 29,695.82
Total equity and liabilites 65,295.92
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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Defence 24,654.40 43,401.85
2 Aeronautics 1,296.00 4,171.70
Total Segment Revenue 25,950.40 47,573.55
Less: Inter segment revenue 0.00 128.79
Revenue from operations 25,950.40 47,444.76
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Defence 4,240.15 2,035.64
2 Aeronautics (529.51) (1,642.35)
Total Profit before tax 3,710.64 393.29
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 3,710.64 393.29
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Defence 62,094.42 62,094.42
2 Aeronautics 3,201.50 3,201.50
Total Segment Asset 65,295.92 65,295.92
Un-allocable Assets 0.00 0.00
Net Segment Asset 65,295.92 65,295.92
4 Segment Liabilities
Segment Liabilities
1 Defence 25,454.97 25,454.97
2 Aeronautics 4,240.85 4,240.85
Total Segment Liabilities 29,695.82 29,695.82
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 29,695.82 29,695.82
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 or loss 3.02 (9.00)
Total Amount of items that will not be reclassified to profit and loss 3.02 (9.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.75 (2.27)
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
5 Total Other comprehensive income 2.27 (6.73)



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 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 393.29
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories (2,794.87)
Adjustments for decrease (increase) in trade receivables, current (8,387.06)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 262.11
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 68.70
Adjustments for other financial assets, current (335.28)
Adjustments for other bank balances (2,221.17)
Adjustments for increase (decrease) in trade payables, current 3,454.65
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 2,067.22
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,955.54
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 25.15
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 658.42
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
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) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (4,246.59)
Net cash flows from (used in) operations (3,853.30)
Dividends received 0.00
Interest paid 1,519.03
Interest received 232.96
Income taxes paid (refund) 1,447.66
Other inflows (outflows) of cash 3,134.73
Net cash flows from (used in) operating activities (3,452.30)
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 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
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 0.00
Purchase of property, plant and equipment 11,253.51
Proceeds from sales of investment property 880.19
Purchase of investment property 38.14
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 0.00
Interest received 224.75
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 2,465.65
Net cash flows from (used in) investing activities (7,721.06)
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 11,230.68
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 4.92
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 3,402.82
Repayments of borrowings 0.00
Payments of lease liabilities 285.19
Dividends paid 181.27
Interest paid 1,457.64
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 12,704.48
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,531.12
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 1,531.12
Cash and cash equivalents cash flow statement at beginning of period 931.23
Cash and cash equivalents cash flow statement at end of period 2,462.35





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
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 Yes
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 M/s Kailash Chand Jain & Co Yes 31-03-2027