India Nippon Electricals reports strong growth in Q2 and H1 FY26

India Nippon Electricals Ltd. (INEL) has reported strong financial performance for the quarter and half year ended September 30, 2025. For Q2 FY26, revenue from operations reached INR 2,726 Mn, with an EBITDA of INR 307 Mn, resulting in an EBITDA Margin of 11.26%. Net profit stood at INR 232 Mn, yielding a PAT Margin of 8.51% and Diluted EPS of INR 10.26.

The company's half-yearly (H1 FY26) consolidated performance also showed significant growth, with revenue from operations at INR 4,973 Mn and an EBITDA of INR 540 Mn, representing an EBITDA Margin of 10.86%. Net profit for H1 FY26 was INR 464 Mn, with a PAT Margin of 9.33% and Diluted EPS of INR 20.52. These figures reflect a 25.5% year-on-year increase in H1 revenue from operations.

Operational highlights include a 30% year-on-year sales growth in Q2, outperforming the 2W industry's 11% growth. Exports delivered a 3x year-on-year growth in H1, and the aftermarket segment maintained strong momentum. The company continues to focus on EV penetration, new product development, and expanding its technical partnerships and geographical presence.