Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of NIBE
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 15 | 63 | 26 | 41 | 63 | 152 | 110 | 136 | 149 | 113 | 82 | 73 | 59 |
| Expenses + | 12 | 58 | 23 | 35 | 56 | 133 | 95 | 118 | 142 | 93 | 75 | 78 | 69 |
| Operating Profit | 3 | 5 | 3 | 6 | 7 | 19 | 15 | 18 | 7 | 19 | 8 | -4 | -10 |
| OPM % | 18% | 8% | 12% | 14% | 11% | 13% | 14% | 13% | 5% | 17% | 9% | -6% | -16% |
| Other Income + | 0 | -3 | 0 | 0 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 5 | 5 | 4 | 5 | 7 | 8 |
| Profit before tax | 1 | 0 | 1 | 4 | 6 | 15 | 11 | 12 | 2 | 15 | 2 | -13 | -22 |
| Tax % | 27% | 664% | 43% | 27% | 21% | 31% | 28% | 26% | -1% | 41% | 42% | -26% | -13% |
| Net Profit + | 1 | -0 | 1 | 3 | 4 | 10 | 8 | 9 | 2 | 9 | 1 | -10 | -19 |
| EPS in Rs | 0.70 | -0.38 | 0.69 | 2.39 | 3.34 | 8.31 | 6.02 | 6.38 | 1.45 | 5.34 | 1.31 | -5.82 | -11.76 |
Financials of NIBE
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| Sales + | 105 | 282 | 507 | 328 |
| Expenses + | 93 | 246 | 448 | 315 |
| Operating Profit | 12 | 36 | 60 | 13 |
| OPM % | 11% | 13% | 12% | 4% |
| Other Income + | -2 | 4 | 5 | 3 |
| Interest | 3 | 7 | 8 | 9 |
| Depreciation | 4 | 6 | 17 | 25 |
| Profit before tax | 3 | 26 | 40 | -18 |
| Tax % | 52% | 29% | 31% | |
| Net Profit + | 2 | 19 | 27 | -19 |
| EPS in Rs | 1.34 | 14.11 | 18.70 | -10.93 |
| Dividend Payout % | 7% | 7% | 7% |
Financials of NIBE
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 12 | 13 | 14 | 14 |
| Reserves | 63 | 148 | 218 | 219 |
| Borrowings + | 49 | 73 | 77 | 91 |
| Other Liabilities + | 30 | 82 | 133 | 98 |
| Total Liabilities | 153 | 316 | 442 | 422 |
| Fixed Assets + | 35 | 119 | 138 | 190 |
| CWIP | 10 | 22 | 33 | 1 |
| Investments | 1 | 17 | 10 | 2 |
| Other Assets + | 107 | 158 | 261 | 228 |
| Total Assets | 153 | 316 | 442 | 422 |
Financials of NIBE
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cash from Operating Activity + | -31 | 18 | 25 |
| Cash from Investing Activity + | -56 | -124 | -60 |
| Cash from Financing Activity + | 96 | 111 | 30 |
| Net Cash Flow | 9 | 5 | -5 |
| Free Cash Flow | -87 | -95 | -43 |
| CFO/OP | -255% | 58% | 55% |
Financials of NIBE
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 123 | 54 | 109 |
| Inventory Days | 52 | 44 | 11 |
| Days Payable | 20 | 46 | 76 |
| Cash Conversion Cycle | 155 | 53 | 43 |
| Working Capital Days | 95 | 54 | 46 |
| ROCE % | 16% | 16% |
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