NIBE reports Q2 2025 results, announces CFO change and acquisition

NIBE Limited's board of directors, meeting on November 12, 2025, approved its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The consolidated results show a total income of INR 7,387.95 Lakhs for the quarter, with a net loss after tax of INR (968.76) Lakhs for the same period. For the half-year, consolidated total income was INR 15,763.95 Lakhs, with a net loss after tax of INR (864.48) Lakhs.

The company also announced the resignation of Rajesh Khatri as chief financial officer (CFO) effective November 12, 2025, due to personal reasons. Concurrently, Jigar Shah has been appointed as the new CFO.

In a strategic move, NIBE Limited’s board approved the acquisition of an additional 48.95% shareholding in Nibe Meson Naval Limited from Quest Flow Controls Limited (formerly Meson Valves India Limited) at INR 10/- per share. This acquisition aims to achieve full management control and strategic flexibility in Nibe Meson Naval Limited, which specializes in fluid control equipment manufacturing.