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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-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 Unaudited
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 Electrical and Electronic products for two/three wheelers and engines.
Start date and time of board meeting 30-May-2025   11:00:00
End date and time of board meeting 30-May-2025   13:40:00
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 NA
(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. NA
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 2025-02-13
Indicate Company website link for updated RPT policy of the Company https://indianippon.com/policies/
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
1. The operations of the Company relate to only one segment viz. Electrical and Electronic products for two/three wheelers and engines. n2. The standalone and consolidated financial results have been reviewed and recommended by the Audit Committee at their meeting held on 29th May 2025 and approved by the Board of Directors at their meeting held on 30th May 2025. The standalone and consolidated financial results are prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). The statutory auditor have expressed an unmodified opinion. n3. The Board of Directors at their meeting held on February 13, 2025 has declared an interim dividend of Rs. 12.50 per equity share on a face value of Rs.5 each for the year 2024-25. n4. Earning per share not annualised for the quarter ended March 31, 2025, December 31, 2024 and March 31, 2024. n5. The statement includes the results for the quarters ended March 31, 2025 and March 31, 2024 being the balancing figure of the audited figures in respect of full financial year and the published year to date figures up to the third quarter of the respective financial years. n6. The standalone and consolidated financial results for the quarter and year ended 31st March 2025 is available on the company's website https://indianippon.com. n7. Figures for the previous periods have been regrouped/re-classified wherever necessary to make them comparable. n n n



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 Unaudited 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 2337600000 8448300000
Other income 85000000 297900000
Total income 2422600000 8746200000
2 Expenses
(a) Cost of materials consumed 1476200000 5486900000
(b) Purchases of stock-in-trade 83900000 292800000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 30100000 -42800000
(d) Employee benefit expense 255900000 985300000
(e) Finance costs 800000 3900000
(f) Depreciation, depletion and amortisation expense 63700000 205600000
(f) Other Expenses
1 Other operating expenses 100300000 354600000
2 Other expenses 113900000 433100000
Total other expenses 214200000 787700000
Total expenses 2124800000 7719400000
3 Total profit before exceptional items and tax 297800000 1026800000
4 Exceptional items 0 0
5 Total profit before tax 297800000 1026800000
6 Tax expense
7 Current tax 36700000 198900000
8 Deferred tax -7900000 7600000
9 Total tax expenses 28800000 206500000
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 269000000 820300000
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 269000000 820300000
17 Other comprehensive income net of taxes -1200000 338700000
18 Total Comprehensive Income for the period 267800000 1159000000
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 113107000 113107000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.89 36.26
Diluted earnings (loss) per share from continuing operations 11.89 36.26
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 11.89 36.26
Diluted earnings (loss) per share from continuing and discontinued operations 11.89 36.26
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The operations of the Company relate to only one segment viz. Electrical and Electronic products for two/three wheelers and engines. n2. The standalone and consolidated financial results have been reviewed and recommended by the Audit Committee at their meeting held on 29th May 2025 and approved by the Board of Directors at their meeting held on 30th May 2025. The standalone and consolidated financial results are prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). The statutory auditor have expressed an unmodified opinion. n3. The Board of Directors at their meeting held on February 13, 2025 has declared an interim dividend of Rs. 12.50 per equity share on a face value of Rs.5 each for the year 2024-25. n4. Earning per share not annualised for the quarter ended March 31, 2025, December 31, 2024 and March 31, 2024. n5. The statement includes the results for the quarters ended March 31, 2025 and March 31, 2024 being the balancing figure of the audited figures in respect of full financial year and the published year to date figures up to the third quarter of the respective financial years. n6. The standalone and consolidated financial results for the quarter and year ended 31st March 2025 is available on the company's website https://indianippon.com. n7. Figures for the previous periods have been regrouped/re-classified wherever necessary to make them comparable.



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 1437200000
Capital work-in-progress 36600000
Investment property 0
Goodwill 0
Other intangible assets 107500000
Intangible assets under development 1900000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 3281400000
Trade receivables, non-current 0
Loans, non-current 11700000
Other non-current financial assets 141600000
Total non-current financial assets 3434700000
Deferred tax assets (net) 0
Other non-current assets 5200000
Total non-current assets 5023100000
2 Current assets
Inventories 722100000
Current financial asset
Current investments 1483800000
Trade receivables, current 1696500000
Cash and cash equivalents 156200000
Bank balance other than cash and cash equivalents 36400000
Loans, current 0
Other current financial assets 84200000
Total current financial assets 3457100000
Current tax assets (net) 78100000
Other current assets 105000000
Total current assets 4362300000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 9385400000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 113100000
Other equity 6995700000
Total equity attributable to owners of parent 7108800000
Non controlling interest
Total equity 7108800000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 12800000
Total non-current financial liabilities 12800000
Provisions, non-current 38600000
Deferred tax liabilities (net) 391200000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 442600000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 521100000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 880600000
Total Trade payable 1401700000
Other current financial liabilities 292600000
Total current financial liabilities 1694300000
Other current liabilities 122100000
Provisions, current 17600000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1834000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 2276600000
Total equity and liabilites 9385400000
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 Unaudited 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 Unaudited 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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss -7800000 -345400000
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 9000000 6700000
5 Total Other comprehensive income -1200000 338700000



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 1026800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3900000
Adjustments for decrease (increase) in inventories -30400000
Adjustments for decrease (increase) in trade receivables, current -293600000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 5900000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -2000000
Adjustments for other financial assets, current -57600000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 116000000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 4900000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 205600000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -2200000
Adjustments for provisions, non-current 2300000
Adjustments for other financial liabilities, current 29300000
Adjustments for other financial liabilities, non-current -500000
Adjustments for unrealised foreign exchange losses gains -4400000
Adjustments for dividend income 43500000
Adjustments for interest income 28600000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -86000000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -127600000
Other adjustments to reconcile profit (loss) -700000
Other adjustments for non-cash items 700000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -308500000
Net cash flows from (used in) operations 718300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 224300000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 494000000
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 0
Purchase of property, plant and equipment 232500000
Proceeds from sales of investment property 7381700000
Purchase of investment property 7246600000
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 43500000
Interest received 27600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -96500000
Net cash flows from (used in) investing activities -122800000
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 0
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 0
Repayments of borrowings 0
Payments of lease liabilities 10800000
Dividends paid 282800000
Interest paid 3900000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -297500000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 73700000
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 73700000
Cash and cash equivalents cash flow statement at beginning of period 82500000
Cash and cash equivalents cash flow statement at end of period 156200000





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 Deloitte Haskins & Sells LLP Yes 31-Jul-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 India Nippon Electricals Limited Lucas Indian Service Limited Holding Company Any other transaction Rent Paid 2520000 Approved 1260000 0 0
2 India Nippon Electricals Limited Lucas Indian Service Limited Holding Company Sale of goods or services 700000000 Approved 289050000 0 0
3 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Reimbursement of expenses 56680000 Approved 28370000 0 0
4 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Services received 72500000 Approved 39467000 0 0
5 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Rent Paid 10330000 Approved 4234000 0 0
6 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Sale of goods or services 30000000 Approved 0 0 0
7 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Purchase of raw material 10000000 Approved 347000 0 0
8 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Reimbursement received 4000000 Approved 1143000 0 0
9 India Nippon Electricals Limited TVS Training & Services Limited Entity in which directors are interested Any other transaction Services received 500000 Approved 0 0 0
10 India Nippon Electricals Limited TVS Educational Society Entities in which Director(s) are interested Any other transaction Reimbursement received 5000000 Approved 2372000 0 0
11 India Nippon Electricals Limited TVS Educational Society Entities in which Director(s) are interested Any other transaction Services received 250000000 Approved 110137000 0 0
12 India Nippon Electricals Limited Subbaraya Aiyar, Padmanabhan & Ramamani Advocates Entities in which Director(s) are interested Any other transaction Services received 100000 Approved 100000 0 0
13 India Nippon Electricals Limited Delphi TVS Technologies Limited Enterprises in which KMP has significant influence Any other transaction Payment of fees for technical services 3000000 Approved 0 0 0
14 India Nippon Electricals Limited ARVIND BALAJI Key Managerial Personnel Remuneration 25600000 Approved 7200000 0 0
15 India Nippon Electricals Limited ARVIND BALAJI Key Managerial Personnel Any other transaction Rent free accommodation 8610000 Approved 4050000 0 0
16 India Nippon Electricals Limited ELANGO SRINIVASAN Key Managerial Personnel Remuneration 8410000 Approved 3560000 0 0
17 India Nippon Electricals Limited T K BALAJI Key Managerial Personnel Any other transaction Sitting Fees / Commission 200000 Approved 105000 0 0
18 India Nippon Electricals Limited PRIYAMVADA BALAJI Non Executive Independent Director Any other transaction Sitting Fees / Commission 200000 Approved 235000 0 0
19 India Nippon Electricals Limited ANANT JAIVANT TALAULICAR Non Executive Independent Director Any other transaction Sitting Fees / Commission 0 NA 275000 0 0
20 India Nippon Electricals Limited GANGAPRIYA CHAKRAVERTI Non Executive Independent Director Any other transaction Sitting Fees / Commission 0 NA 230000 0 0
21 India Nippon Electricals Limited HERAMB RAVINDRA HAJARNAVIS Non Executive Independent Director Any other transaction Sitting Fees / Commission 0 NA 305000 0 0
22 India Nippon Electricals Limited Lucas TVS Limited Intermediary Holding Company Any other transaction Purchase of finished goods 250000000 Approved 0 0 0
Total value of transaction during the reporting period 492440000