SSPL Securities Private Limited

Wednesday 13 Aug, 2025 02:53 PM

Arrow Greentech Ltd leads losers in 'B' group Gujarat Pipavav Q1 PAT slides 5% YoY to Rs 104 cr ONGC rises after Q1 PAT jumps 24% QoQ to Rs 8,024 cr Pearl Polymers jumps after strong Q1 performance MRF Ltd drops for fifth straight session Sun Pharmaceutical Industries Ltd gains for third consecutive session Aurobindo Pharma Ltd soars 1.82% Granules India Ltd rises for third straight session Cipla Ltd spurts 2.93%, gains for third straight session Zydus Lifesciences Ltd gains for third straight session Alkem Laboratories Ltd spurts 4.39%, gains for third straight session Sun TV Network Ltd gains for third straight session Tube Investments of India Ltd soars 1.11% Tata Motors Ltd gains for third straight session NIBE slides after Q1 PAT slumps 76% YoY to Rs 2 cr

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NIBE slides after Q1 PAT slumps 76% YoY to Rs 2 cr

13-Aug-25 13:01 Hrs IST

Revenue from operations fell 25.04% to Rs 82.50 crore in Q1 FY26, down from Rs 110.06 crore in the same quarter last year.

Profit before tax (PBT) declined 83.63% to Rs 1.79 crore in Q1 FY26, as against Rs 10.94 crore posted in Q1 FY25.

Meanwhile, the company noted the resignation of Ranjan Choudhary, chief executive officer (CEO), effective from 12 August 2025, due to internal reorganization within the group.

Further, the board has approved the appointment of Prakash Khose as the new CEO of the company, effective from 12 August 2025.

NIBE operates in manufacturing critical components for the defence sector, electric vehicles (E-Vehicles), and software development. The company is engaged in fabrication and machining of components used in the defence sector, as well as assembly of components for E-Vehicles.

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