India Nippon Electricals FY26: Crossing INR 1,000 crore with stronger margins

FY26 consolidated revenue from operations was INR 10,685 Mn (INR 1,068.5 crore).

FY26 EBITDA was INR 1,222 Mn (INR 122.2 crore) with an EBITDA margin of 11.44%. FY26 PAT was INR 1,112 Mn (INR 111.2 crore) with a PAT margin of 10.41%.

Q4 FY26 revenue from operations was INR 2,995 Mn (INR 299.5 crore), up 28.1% YoY. Q4 FY26 EBITDA was INR 383 Mn (INR 38.3 crore) and PAT was INR 398 Mn (INR 39.8 crore).

FY26 revenue split was 85% from 2 wheelers, 6% from 3 wheelers, and 9% from general purpose parts.

FY26 revenue split was 92% domestic and 8% export.

The company disclosed a technical licensing partnership with BorgWarner for the control unit for Electronic Fuel Injection (EFI ECU), aimed at entering the EFI system segment for two and three-wheelers.