Net profit of India Nippon Electricals declined 31.29% to Rs 11.75 crore in the quarter ended March 2020 as against Rs 17.10 crore during the previous quarter ended March 2019. Sales declined 17.47% to Rs 112.26 crore in the quarter ended March 2020 as against Rs 136.03 crore during the previous quarter ended March 2019.

For the full year,net profit declined 7.19% to Rs 54.34 crore in the year ended March 2020 as against Rs 58.55 crore during the previous year ended March 2019. Sales declined 8.83% to Rs 478.81 crore in the year ended March 2020 as against Rs 525.21 crore during the previous year ended March 2019.

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Net profit of India Nippon Electricals declined 34.28% to Rs 11.52 crore in the quarter ended March 2020 as against Rs 17.53 crore during the previous quarter ended March 2019. Sales declined 17.47% to Rs 112.26 crore in the quarter ended March 2020 as against Rs 136.03 crore during the previous quarter ended March 2019.

For the full year,net profit declined 7.24% to Rs 55.20 crore in the year ended March 2020 as against Rs 59.51 crore during the previous year ended March 2019. Sales declined 8.83% to Rs 478.81 crore in the year ended March 2020 as against Rs 525.21 crore during the previous year ended March 2019.

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India Nippon Electricals will hold a meeting of the Board of Directors of the Company on 27 June 2020.

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India Nippon Electricals has resumed partial operations at its facilities located at Hosur, Puducherry and Rewari between 5 May and 7 May 2020.

The resumption is primarily being utilised for training the employees and other stakeholders onCOVID-19 related Standard Operating Procedures and full fledged commercial operations willcommence based on the demand and supply situation.

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