Latest news with #NIBE
Business Standard
7 days ago
- Business
- Business Standard
NIBE consolidated net profit declines 29.97% in the March 2025 quarter
Net profit of NIBE declined 29.97% to Rs 7.64 crore in the quarter ended March 2025 as against Rs 10.91 crore during the previous quarter ended March 2024. Sales declined 26.01% to Rs 112.59 crore in the quarter ended March 2025 as against Rs 152.17 crore during the previous quarter ended March 2024. For the full year,net profit rose 40.61% to Rs 26.73 crore in the year ended March 2025 as against Rs 19.01 crore during the previous year ended March 2024. Sales rose 80.00% to Rs 507.32 crore in the year ended March 2025 as against Rs 281.84 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 112.59152.17 -26 507.32281.84 80 OPM % 17.0112.63 - 11.7712.64 - PBDT 18.6218.02 3 57.0432.26 77 PBT 14.6715.01 -2 39.6025.98 52 NP 7.6410.91 -30 26.7319.01 41
India Today
26-05-2025
- Business
- India Today
Explained: Why NIBE share price surged 5% to hit upper circuit today
Shares of NIBE Limited, a small-cap defence company, rose by 5% in early trade on Monday, and hit the upper circuit limit, with the stock trading at Rs 1,601 per share. NIBE stock has lost 4.43% in the last 5 days, but has gained 18.22% in the past month. This jump in share price came after the company announced a major export order from a well-known international defence firm based in a stock exchange filing on Saturday, NIBE said it had received an export order worth USD 17.52 million, which is around Rs 150.62 crore. The order has been placed by a leading global technology company based in deal is for the manufacturing and supply of universal rocket launchers. These launchers have a range of up to 300 kilometres and will be produced in India. The company stated that this is the first time such an advanced technology will be made in India for the global called the contract a 'landmark achievement' for both the company and India's defence manufacturing sector. In its statement, the company said, 'This is a proud milestone for India's defence industry. We are committed to developing high-end defence systems locally.'The company added that the universal rocket launcher is one of the most advanced in its category and can perform better than many of the existing global products in the also said it continues to work with international defence companies to develop and supply defence systems for both India and global customers. 'Our focus remains on building powerful, home-grown solutions while also meeting the needs of international clients,' the company month, NIBE's space-focused arm, Nibe Space Private Limited, received regulatory approval from IN-SPACe (Indian National Space Promotion and Authorisation Centre). The subsidiary has been registered as a 'Data Disseminator' for earth observation data for Indian land with a Ground Sampling Distance (GSD) of more than 30 registration means the company can now officially distribute space-based data, as per Indian government guidelines and policies. This move supports NIBE's expansion into the fast-growing space technology company is also expected to release its financial results for the March quarter on Tuesday, May 27. In the December quarter of FY25, NIBE reported a net profit of Rs 1.94 crore on revenue of Rs 149 Limited is involved in designing, building, and integrating advanced defence systems. Its focus areas include rocketry, missile systems, and other high-tech defence technologies. advertisement
Mint
26-05-2025
- Business
- Mint
This defence small-cap stock hits 5% upper circuit on ₹151 crore export order for rocket launchers
NIBE, a small-cap defense stock, hit the 5% upper circuit in early trade on Monday, May 26, reaching ₹ 1,601 apiece following a significant order win. The company informed investors on Saturday via a stock exchange filing that it had received an export purchase order valued at USD 17.52 million (approximately ₹ 150.62 crore) from a globally renowned technology-based company in Israel. The order involves the manufacturing and supply of universal rocket launchers with a range capability of up to 300 km — a highly advanced technology being produced in India for the first time for the global market. "This is a landmark achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Honourable Prime Minister's vision of Atmanirbhar Bharat and Make in India, bringing world-class defense technology to Indian soil," the company said in its regulatory filing. The company said that the universal rocket launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. "By collaborating with international defense leaders, NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and global clients, aligning with national priorities and advancing global defense innovation," the company further stated. In mid-April, the company's subsidiary, Nibe Space Private Limited, received approval for registration with IN-SPACe to operate as a 'Data Disseminator' for Earth Observation (EO) data pertaining to Indian territory with a Ground Sampling Distance (GSD) greater than 30 cm. The company said it is now officially recognized under IN-SPACe's regulatory framework, ensuring compliance with national guidelines and policies for space-based data dissemination. NIBE Limited is a leading Indian defense technology company engaged in the development, manufacturing, and integration of sophisticated defense systems. Meanwhile, the company is set to announce its March quarter results on Tuesday, May 27. In the December quarter (Q3FY25), the company reported a net profit of ₹ 1.94 crore on revenue of ₹ 149 crore.
Mint
26-05-2025
- Business
- Mint
This defence small-cap stock hits 5% upper circuit on ₹151 crore export order for rocket launchers
NIBE, a small-cap defense stock, hit the 5% upper circuit in early trade on Monday, May 26, reaching ₹ 1,601 apiece following a significant order win. The company informed investors on Saturday via a stock exchange filing that it had received an export purchase order valued at USD 17.52 million (approximately ₹ 150.62 crore) from a globally renowned technology-based company in Israel. The order involves the manufacturing and supply of universal rocket launchers with a range capability of up to 300 km — a highly advanced technology being produced in India for the first time for the global market. "This is a landmark achievement for NIBE Limited and a proud milestone for India's defense manufacturing sector. With this contract, we reaffirm our commitment to the Honourable Prime Minister's vision of Atmanirbhar Bharat and Make in India, bringing world-class defense technology to Indian soil," the company said in its regulatory filing. The company said that the universal rocket launcher is among the most advanced in its class and is designed to outperform currently available global alternatives. "By collaborating with international defense leaders, NIBE Limited continues to develop high-impact, indigenous solutions for both the Indian Armed Forces and global clients, aligning with national priorities and advancing global defense innovation," the company further stated. In mid-April, the company's subsidiary, Nibe Space Private Limited, received approval for registration with IN-SPACe to operate as a 'Data Disseminator' for Earth Observation (EO) data pertaining to Indian territory with a Ground Sampling Distance (GSD) greater than 30 cm. The company said it is now officially recognized under IN-SPACe's regulatory framework, ensuring compliance with national guidelines and policies for space-based data dissemination. NIBE Limited is a leading Indian defense technology company engaged in the development, manufacturing, and integration of sophisticated defense systems. Meanwhile, the company is set to announce its March quarter results on Tuesday, May 27. In the December quarter (Q3FY25), the company reported a net profit of ₹ 1.94 crore on revenue of ₹ 149 crore. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
The Guardian
07-05-2025
- Business
- The Guardian
This is Britain on heat pumps: how a nationwide switch could help our planet
Ryan Urquhart knows how to create a sustainable home. Drawing on his skills as a director of architectural and building consultants Baxter Design Company, he self-built the eco-friendly house he shares with his wife, Jemma, and their daughter, Miley, in Aberdeenshire. A key element was an air source heat pump, which was installed alongside underfloor heating, mechanical ventilation and a heat recovery system. 'Our NIBE system has been reliable, efficient and keeps us warm and comfortable throughout the year,' says Urquhart. 'We have been particularly impressed by how seamlessly our systems work together to provide both low-carbon heating and balanced ventilation, reducing energy consumption and minimising our energy costs.' View image in fullscreen Ryan Urquhart has installed a NIBE air source heat pump in his sustainable home Urquhart is one of more than a quarter of a million home and small business owners who have recently installed a heat pump. Instead of burning fossil fuels, these systems efficiently use electricity and the refrigeration cycle to move heat from the air, ground or water into a building. Lord Adair Turner, chair of the Energy Transitions Commission (ETC), an international thinktank, and a heat pump owner, likens them to an air conditioner that works in reverse. 'Indeed, in a lot of the world the dominant technology is going to be the two-way air pump, which is used as an air conditioner in the summer and a heater in winter,' he says. Sustainable home heating If you switched to an air source heat pump in a semi-detached home with an old, G-rated gas boiler, you would save approximately 2,900kg of CO2 emissions a year, according to the Energy Saving Trust. That's equivalent to flying from Cardiff to Vancouver and back. Given that home heating accounts for 18% of the UK's total greenhouse gas emissions, and with the country's net zero by 2050 commitment drawing ever nearer, it's clear that more homes need one. In fact, the ETC's recent report on achieving zero-carbon buildings argues that heating can and should be almost entirely electrified, primarily with heat pumps. As the UK continues to decarbonise its electricity system, the amount of emissions saved will also only increase. 'It [the heat pump] is capable of being a decarbonised technology, because we can make electricity zero carbon in a way that we cannot make a gas boiler zero carbon,' Lord Turner says. Heat pumps are also significantly more efficient than gas or oil boilers, producing three to five times more heat for every unit of electricity used. Almost 100,000 of them were sold in the UK in 2024 – a 63% increase from the previous year, including those with and without government subsidies. However, that's still a long way off the government's target of 600,000 installations annually by 2028. Cost is an issue. Heat pumps are more expensive to buy and install than gas boilers – something the government is trying to address by offering grants of £7,500 through its boiler upgrade scheme to people in England and Wales (grants of between £7,500 and £9,000 are available in Scotland). The UK's high cost of electricity relative to gas may also have hindered sales somewhat. Although high-temperature heat pumps can achieve output temperatures of up to 80C, owners of certain regular models whose homes are hard to heat may require backup heating when the weather is very cold. However, it is a myth that you need 'perfect' insulation to properly heat your home with a heat pump. 'A lot of people will find that a heat pump gives them adequate heat for the vast majority of days in the year, even if they have a relatively poorly insulated house,' says Lord Turner. 'There is still a strong argument for looking carefully at all the insulation options,' he adds, 'but as they say, don't make the best the enemy of the good.' Heat pump owners helping the planet As Urquhart's home was a self-build, he was able to include a range of modern insulation measures, including an insulated concrete framework (ICF). This consists of hollow blocks or panels made from insulating materials, which lock together to provide a formwork system that concrete is then poured into. ICF holds heat throughout the day and releases it slowly at night, creating an almost igloo-like effect. This meant Urquhart could install a smaller heating system than he might otherwise have needed, keeping costs down during the build and reducing the family's energy bills to about £100 in the summer. 'The system also emits very little noise – becoming almost unnoticeable, even in the winter months,' he adds. The entire project was inspired by his father, who self-built the home Urquhart grew up in, and who has in turn been inspired to install a heat pump in his property, situated just 300 yards away. Oliver Roberts, another NIBE heat pump owner, who lives in Shropshire, describes it as a 'fit and forget' technology. 'I don't have to do anything to it, [there's] simple integration [and] ease of use on the myUplink app – you can see temperatures, energy logs.' He feels that heat pumps are ultimately the future of heating. 'They're not to shy away from at all; they're to be embraced … there's the saving of the money, ease of use, dealer back up. There's nothing not to like about them.' View image in fullscreen Sean Cooper, who has heat pumps at home and at his business Sean Cooper owns two residential heat pumps: an air source one at a property in Surrey, which replaced a gas boiler, and a water-source one at his Georgian home near Weymouth, which draws heat from a nearby river (it also helps to further counteract the effects of the climate crisis by cooling the river itself). He has additionally installed an air source heat pump at his Weymouth restaurant, Catch at the Old Fish Market, which specialises in sustainable seafood and local produce. Installing a heat pump within the grade-II listed Old Fish Market, a historic harbourside building, wasn't without its challenges. 'The building is very difficult to insulate because of its listed status, but I didn't want that to stop us from approaching this from a pure sustainability standpoint,' he says. A new first floor with a water heating system was added to the building. This is powered by a heat pump in a mezzanine area, and provides an ideal level of heat for seated diners. 'Its byproduct is cold air, which believe it or not is vented on to the cook line to keep the chefs cool,' says Cooper. View image in fullscreen Art teacher Emma Lewis Cold spells of weather are no barrier to installing a heat pump. Emma Lewis, an art teacher and part-time abstract artist, wanted to improve the EPC rating of her stone cottage, which is situated 'in one of the most inclement parts of Yorkshire'. 'As electrification becomes more prevalent, we felt the need to switch to a more sustainable way of powering and heating our home,' she says. 'We were fortunate to benefit from the boiler upgrade scheme grant, and since the rise from £5,000 to £7,500 we decided to replace our ageing oil boiler with a high-temperature heat pump.' She feels that everybody can ultimately contribute to improving the environment. 'The decision to have a heat pump felt like a logical step as we explored improving our home,' she says. 'We have removed the single largest contributor to our carbon footprint.' NIBE combines smart technology with renewable energy to produce energy-efficient solutions for heating your home. Take a look at its full range of heat pumps
