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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
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 Single segment
Description of single segment Defence Supplies
Start date and time of board meeting 29-May-2025   16:35:00
End date and time of board meeting 29-May-2025   17:10:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. No
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-05-27
Indicate Company website link for updated RPT policy of the Company https://www.nibelimited.com/investor
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1060872000 4814672000
Other income 6432000 33482000
Total income 1067304000 4848154000
2 Expenses
(a) Cost of materials consumed 280733000 675588000
(b) Purchases of stock-in-trade 401441000 3198685000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 83599000 14913000
(d) Employee benefit expense 31908000 144008000
(e) Finance costs 17099000 75702000
(f) Depreciation, depletion and amortisation expense 41381000 164405000
(f) Other Expenses
1 Other Expenses 101595000 198755000
Total other expenses 101595000 198755000
Total expenses 957756000 4472056000
3 Total profit before exceptional items and tax 109548000 376098000
4 Exceptional items 0 0
5 Total profit before tax 109548000 376098000
6 Tax expense
7 Current tax 26654000 88041000
8 Deferred tax 14094000 18395000
9 Total tax expenses 40748000 106436000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 68800000 269662000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 68800000 269662000
17 Other comprehensive income net of taxes 321000 546000
18 Total Comprehensive Income for the period 69121000 270208000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 142966000 142966000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2106497000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.81 19.42
Diluted earnings (loss) per share from continuing operations 4.74 19.12
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 4.81 19.42
Diluted earnings (loss) per share from continuing and discontinued operations 4.74 19.12
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1273045000
Capital work-in-progress 265554000
Investment property 76920000
Goodwill 0
Other intangible assets 16600000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 98874000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 61459000
Total non-current financial assets 160333000
Deferred tax assets (net) 0
Other non-current assets 133117000
Total non-current assets 1925569000
2 Current assets
Inventories 117821000
Current financial asset
Current investments 64575000
Trade receivables, current 1436299000
Cash and cash equivalents 50891000
Bank balance other than cash and cash equivalents 20000
Loans, current 171654000
Other current financial assets 3507000
Total current financial assets 1726946000
Current tax assets (net)
Other current assets 211823000
Total current assets 2056590000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3982159000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 142966000
Other equity 2106497000
Total equity attributable to owners of parent 2249463000
Non controlling interest
Total equity 2249463000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 564275000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 13647000
Total non-current financial liabilities 577922000
Provisions, non-current 2797000
Deferred tax liabilities (net) 18145000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 598864000
Current liabilities
Current financial liabilities
Borrowings, current 69734000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 26776000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 766722000
Total Trade payable 793498000
Other current financial liabilities 70694000
Total current financial liabilities 933926000
Other current liabilities 132775000
Provisions, current 8000
Current tax liabilities (Net) 67123000
Deferred government grants, Current
Total current liabilities 1133832000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1732696000
Total equity and liabilites 3982159000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
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 428000 729000
Total Amount of items that will not be reclassified to profit and loss 428000 729000
2 Income tax relating to items that will not be reclassified to profit or loss 107000 183000
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 321000 546000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 376098000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 70347000
Adjustments for decrease (increase) in inventories 108337000
Adjustments for decrease (increase) in trade receivables, current -1099341000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 43176000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -18982000
Adjustments for other financial assets, current 76108000
Adjustments for other bank balances 12778000
Adjustments for increase (decrease) in trade payables, current 565523000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -7722000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 164405000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -183000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -60419000
Adjustments for other financial liabilities, non-current -118060000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 3805000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 25739000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -234489000
Net cash flows from (used in) operations 141609000
Dividends received 0
Interest paid 5355000
Interest received 9977000
Income taxes paid (refund) 73646000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 72585000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 53308000
Purchase of property, plant and equipment 404858000
Proceeds from sales of investment property 0
Purchase of investment property 1134000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 8987000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1456000
Net cash flows from (used in) investing activities -345153000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 318749000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 17759000
Repayments of borrowings 0
Payments of lease liabilities 31617000
Dividends paid 13132000
Interest paid 70347000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 221412000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -51156000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -51156000
Cash and cash equivalents cash flow statement at beginning of period 102047000
Cash and cash equivalents cash flow statement at end of period 50891000





Details of Impact of Audit Qualification
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-Mar-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 NIBE LIMITED Nibe Defence & Aerospace Limited Subsidiary Loan 40000000 Nil 469005000 0 -6587000
2 NIBE LIMITED Nibe Automobiles Limited (Nibe E-motors Limited) Subsidiary Loan 100000000 Nil 1009000 52404000 56183000
3 NIBE LIMITED Nibe Automobiles Limited (Nibe E-motors Limited) Subsidiary Interest paid 12000000 Nil 3078000 0 0
4 NIBE LIMITED Nibe Technology Private Limited Subsidiary Loan 50000000 Nil 48372000 0 16366000
5 NIBE LIMITED Mannava Consultancy Services A firm in which Director is interested Any other transaction Consultancy 6000000 Nil 1000000 0 0
6 NIBE LIMITED R M Mimani and Associates A firm in which Director is interested Any other transaction Consultancy 2500000 Nil 1799000 423000 28000
7 NIBE LIMITED Ganesh Ramesh Nibe Managing Director Remuneration 10000000 Nil 9185000 280000 809000
8 NIBE LIMITED Ganesh Ramesh Nibe Managing Director Any other transaction Reimbursement of Expenses Nil 0 0 0
9 NIBE LIMITED Bhagwan Krishna Gadade Non Executive - Independent Director Any other transaction Sitting Fees Not Applicable 200000 0 0
10 NIBE LIMITED Venkateswara Gowtama Mannava Non Executive Director Any other transaction Sitting Fees Not Applicable 100000 0 0
11 NIBE LIMITED Soonil V Bhokare Non Executive - Independent Director Any other transaction Sitting Fees Not Applicable 200000 0 0
12 NIBE LIMITED Dasharath Ram Non Executive - Independent Director Any other transaction Sitting Fees Not Applicable 200000 0 0
13 NIBE LIMITED Ranjana Manoj Mimani Non Executive - Independent Director Remuneration Not Applicable 200000 0 0
14 NIBE LIMITED Komal Bhagat Company Secretary & Compliance Officer Remuneration Not Applicable 1197000 93000 100000
15 NIBE LIMITED Prakash Bhamare Relative of Director Remuneration Not Applicable 2810000 202000 235000
16 NIBE LIMITED Prakash Bhamare Relative of Director Any other transaction Reimbursement of Expenses Not Applicable 100000 0 0
17 NIBE LIMITED Prakash Bhamare Relative of Director Any other transaction Salary Advance Not Applicable 0 300000 0
18 NIBE LIMITED Kishor Nibe Relative of Director Remuneration Not Applicable 0 0 0
19 NIBE LIMITED Ravi Pareek Chief Financial Officer Remuneration Not Applicable 0 0 0
20 NIBE LIMITED Nibe Space Private Limited Subsidiary Loan Not Applicable 83902000 93000 83996000
21 NIBE LIMITED Balakrishnan Govind Swamy Chief Executive Officer Remuneration Not Applicable 2320000 292000 406000
22 NIBE LIMITED Balakrishnan Govind Swamy Chief Executive Officer Any other transaction Reimbursement of Expenses Not Applicable 65000 0 50000
23 NIBE LIMITED Karmayogi Manufacturing Private Limited Subsidiary Loan Not Applicable 12495000 0 12474000
Total value of transaction during the reporting period 637237000