NIBE announced that the Board of Directors of the Company at its meeting held on 27 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of NIBE reported to Rs 10.91 crore in the quarter ended March 2024 as against net loss of Rs 0.45 crore during the previous quarter ended March 2023. Sales rose 143.01% to Rs 152.17 crore in the quarter ended March 2024 as against Rs 62.62 crore during the previous quarter ended March 2023.For the full year,net profit rose 1110.83% to Rs 19.01 crore in the year ended March 2024 as against Rs 1.57 crore during the previous year ended March 2023. Sales rose 167.65% to Rs 281.84 crore in the year ended March 2024 as against Rs 105.30 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales152.1762.62 143 281.84105.30 168 OPM %12.637.59 -12.6411.30 - PBDT18.024.01 349 32.269.72 232 PBT15.013.01 399 25.986.19 320 NP10.91-0.45 LP 19.011.57 1111 Powered by Capital Market - Live News

NIBE will hold a meeting of the Board of Directors of the Company on 27 May 2024Powered by Capital Market - Live News

NIBE announced that Karmayogi Manufacturing, a subsidiary of the company has received Purchase Order from Ordefence Systems for assemblies, sub-assemblies and supply of 12 kits of small arms for a total consideration of Rs. 307.76 crore. Powered by Capital Market - Live News

NIBE has entered into licensing agreement with Director, Defence Institute of Physiology and Allied Services (DIPAS), Delhi a constituent laboratory under Defence Research and Development Organization (DRDO) and Director, Industry Interface and Technology Management (DIITM) for transfer of technology of Solar Heated Shelters which has been developed by DRDO during the course of its research activities. This agreement is effective from 20 February 2024. Key terms of the agreement- - DRDO grants a non-exclusive license for 10 years from date of its execution to utilize the technology for manufacture of Solar Heated Shelters in India and for sale in licensing region. - The Company will pay royalty for Technology transfer to DRDO as may be mutually decided between both the parties- The product developed by DRDO and manufactured, marketed by the Company shall have marking, �Product Developed by DRDO� or words to this effect.Powered by Capital Market - Live News