NIBE Ltd Share Price – BSE

Aerospace & Defence, Small Cap

Profit before tax was at Rs 12.07 crore in the second quarter of FY25, marking a growth of 214.32% as against Rs 3.84 crore posted in Q2 FY24.

In Q2 FY25, total expenses spiked 230.96% YoY to Rs 124.84 crore. Employee benefit expenses stood at Rs 4.71 crore (up 81.15% YoY) while finance cost was at Rs 2.14 crore (up 55.07% YoY) during the quarter.

On half year basis, the company’s net profit surged 360.49% to Rs 16.67 crore on 267.38% zoomed in revenue from operations to Rs 246.04 crore in H1 FY25 over H1 FY24.

NIBE trades in electronic components, fabrication materials, and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low and medium voltage lines and substations on a turnkey basis.

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Net profit of NIBE rose 221.13% to Rs 9.12 crore in the quarter ended September 2024 as against Rs 2.84 crore during the previous quarter ended September 2023. Sales rose 230.23% to Rs 135.99 crore in the quarter ended September 2024 as against Rs 41.18 crore during the previous quarter ended September 2023.

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NIBE will hold a meeting of the Board of Directors of the Company on 13 November 2024

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In a regulatory filing made on Sunday (September 8), the company stated that its subsidiary Nibe Space has signed a memorandum of understanding (MoU) with leading infra & defence companies and start-ups of India to collaborate as a consortium.

The entities that are a part of this consortium are Larsen & Toubro, Centum Electronics, Space Fields, SISIR Radar, CYRAN AI Solutions, AgniKul Cosmos, DV2JS Innovation, Thales Alenia Space and Thales India.

The consortium would supply equipment, services, skills, systems and support services, etc. for its aim to build and operate a Private Earth Observation Constellation & corresponding ground segment to provide constellation on lease basis, offer images and analytics as a service.

The MOU is valid for a period of 12 to 24 months. The company would sign and execute comprehensive, long term definitive agreement within the time period after due negotiations and discussion with each of the party as stated above.

NIBE trades in electronic components, fabrication materials, and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low and medium voltage lines and substations on a turnkey basis.

The company's consolidated net profit surged to Rs 7.91 crore in the quarter ended June 2024 as against Rs 0.82 crore during the previous quarter ended June 2023. Sales rose to Rs 110.06 crore in Q1 FY25 from Rs 25.80 crore in Q1 FY24.

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