Mumbai, Oct. 7 -- The project entails manufacturing and supplying various structures, including hull engine deck and turret structure assemblies.
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's consolidated net profit dropped 75.97% to Rs 1.90 crore in Q1 FY26, compared to Rs 7.91 crore posted in Q1 FY25. Revenue from operations fell 25.04% to Rs 82.50 crore in Q1 FY26, down from Rs 110.06 crore in the same quarter last year.
The scrip declined 3.21% to settle at Rs 1,416.90 on the BSE.
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