Nibe Ltd

NIBE Group marked a defining milestone in India's indigenous defence manufacturing journey with the inauguration of its state-of-the-art Defence Manufacturing Complex in Shirdi, Maharashtra. The integrated Defence Manufacturing Complex has been envisioned as a next-generation ecosystem dedicated to: ' 155mm Ammunition Shell Manufacturing Plant (5 lakh shells annually) ' Inauguration of Indigenous TNT Plant Technology ' Inauguration Indigenous RDX Plant Technology ' Inauguration Bio-CNG & Hydrogen Fuel Plant ' Flag-off ceremony of Suryastra - 300 KM Universal Rocket Launching System ' Space & Satellite Technologies One of the most significant highlights of the ceremony was the unveiling and ceremonial flag-off of 'Suryastra', India's first indigenous 300 KM Universal Rocket Launching System, symbolizing a major leap in long-range precision strike capabilities and advanced battlefield systems. The event also highlighted the successful trials of the 100 KM Loitering Munition 'Skystriker', further demonstrating NIBE Group's expanding technological footprint in next generation warfare systems.

NIBE will hold a meeting of the Board of Directors of the Company on 29 May 2026.

The stock had already rallied 10.06% in the previous session following the announcement. NIBE shares have surged 34.74% over the past month, although the stock remains down 4.05% over the last one year. The company said the Vayu Astra-1 successfully completed technical trials against the Indian Army's request for proposal at Pokhran in Rajasthan and Joshimath (Malari) in Uttarakhand, demonstrating a strike range of 100 km. During anti-personnel strike trials, the loitering munition carrying a 10 kg warhead hit a target 100 km away in a single attempt with a circular error probable (CEP) of less than one metre. The system also demonstrated abort, attack and re-attack capabilities. NIBE also conducted anti-armor night strike trials using an infrared camera. The system hit the target within a 2-metre CEP in a single attempt. The company said it also demonstrated the capability to transfer operational control from the ground control station to a forward control station located 70 km away. In endurance trials conducted at Joshimath, the Vayu Astra-1 achieved flight endurance of over 90 minutes at altitudes exceeding 14,000 feet. The loitering munition was also safely recovered after mission completion for reuse in subsequent flights. NIBE is engaged in the development, manufacturing and integration of defence systems, with a focus on indigenous defence technologies and exports. On a consolidated basis, NIBE reported net loss of Rs 17.06 crore in Q3 December 2025 as against net profit of Rs 2.07 crore in Q3 December 2024. Net sales declined 60.26% YoY to Rs 59.08 crore in Q3 December 2025. Powered by Capital Market - Live

NIBE announced that Ganesh Nibe has acquired 15,20,000 shares of Nibe Aeronautics (NAL) held by Nibe Defence and Aerospace (NDAL), a wholly owned subisidiary of NIBE. Consequently with effect from 09 April 2026, NAL has ceased to be a subsidiary of NDAL and, accordingly, also ceases to be a step-down subsidiary of the company.

Revenue from operations fell 60.3% year-on-year (YoY) to Rs 59.08 crore in the quarter ended 31 December 2025. The company reported a pre-tax loss of Rs 21.81 crore in Q3 FY26 as compared to a profit before tax of Rs 1.91 crore reported in the same quarter last year. Total expenses fell 45.15% YoY to Rs 81.39 crore during the quarter. The cost of materials consumed stood at Rs 13.15 crore (up 40.49% YoY), while employee benefit expenses fell 11.02% YoY to Rs 6.70 crore during the period under review. NIBE operates in manufacturing critical components for the defence sector, electric vehicles (E-Vehicles), and software development. The company is engaged in the fabrication and machining of components used in the defence sector, as well as the assembly of components for E-vehicles.Powered by Capital Market - Live

Net loss of NIBE reported to Rs 17.06 crore in the quarter ended December 2025 as against net profit of Rs 2.07 crore during the previous quarter ended December 2024. Sales declined 60.26% to Rs 59.08 crore in the quarter ended December 2025 as against Rs 148.68 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales59.08148.68 -60 OPM %-16.224.80 - PBDT-13.456.71 PL PBT-21.811.91 PL NP-17.062.07 PL Powered by Capital Market - Live

NIBE will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

Nibe Defence and Aerospace, subsidiary of NIBE, has been granted license for manufacturing and proof testing of Firearms by Ministry of Home Affairs, Government of India under the provisions of the Arms Act, 1959, Arms Rules, 2016 and Notifications etc. issued there under from time to time for manufacturing and proof-testing of firearms/ammunition. Powered by Capital Market - Live

The order involves the manufacturing and supply of ground equipment, accessories, ESP and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets with strike capabilities of 150 km and 300 km. As per the contract terms, the company is required to furnish a performance-cum-warranty bank guarantee equivalent to 10% of the total contract value within 30 days of signing the agreement. The contract will be executed in tranches over a period of 12 months. The total consideration of Rs 292.69 crore is inclusive of all taxes and duties. The company clarified that the order has been awarded by a domestic entity and does not fall under related-party transactions. Further, the promoters or promoter group entities do not have any interest in the awarding authority. 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. The company reported a consolidated net loss of Rs 8.44 crore in Q2FY26, compared with a net profit of Rs 9.12 crore posted in Q2FY25. Revenue from operations fell 46.04% year-on-year (YoY) to Rs 73.37 crore in the quarter ended 30 September 2025.Powered by Capital Market - Live

The order involves the manufacturing and supply of ground equipment, accessories, ESP and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets with strike capabilities of 150 km and 300 km. As per the contract terms, the company is required to furnish a performance-cum-warranty bank guarantee equivalent to 10% of the total contract value within 30 days of signing the agreement. The contract will be executed in tranches over a period of 12 months. The total consideration of Rs 292.69 crore is inclusive of all taxes and duties. The company clarified that the order has been awarded by a domestic entity and does not fall under related-party transactions. Further, the promoters or promoter group entities do not have any interest in the awarding authority. 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. The company reported a consolidated net loss of Rs 8.44 crore in Q2FY26, compared with a net profit of Rs 9.12 crore posted in Q2FY25. Revenue from operations fell 46.04% year-on-year (YoY) to Rs 73.37 crore in the quarter ended 30 September 2025. Shares of NIBE rallied 9.21% to close at Rs 1,240.25 on the BSE on 2 January 2026.Powered by Capital Market - Live