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The company reported a pre-tax loss of Rs 21.81 crore in Q3 FY26 as compared to a profit before tax of Rs 1.91 crore reported in the same quarter last year.
Total expenses fell 45.15% YoY to Rs 81.39 crore during the quarter. The cost of materials consumed stood at Rs 13.15 crore (up 40.49% YoY), while employee benefit expenses fell 11.02% YoY to Rs 6.70 crore during the period under review.
NIBE operates in manufacturing critical components for the defence sector, electric vehicles (E-Vehicles), and software development. The company is engaged in the fabrication and machining of components used in the defence sector, as well as the assembly of components for E-vehicles.
Barring media index all the sectoral indices on the NSE were traded in red with metal, IT and realty shares leading the fall.
At 13:25 PM ST, the barometer index, the S&P BSE Sensex tumbled 813.20 points or 0.97% to 82,850.87. The Nifty 50 index tanked 263.45 points or 1.02% to 25,542.90.
In the broader market, the BSE 150 MidCap Index dropped 1.20% and the BSE 250 SmallCap Index slipped 0.99%.
The market breadth was weak. On the BSE, 1,293 shares rose and 2,737 shares fell. A total of 178 shares were unchanged.
Gainers & Losers:
Bajaj Finance (up 2.02%), Eicher Motors (up 1.49%), Apollo Hospitals Enterprise(up 0.46%), Tech Mahindra (up 0.46%) and Larsen & Tourbo (up 0.29%) were the major Nifty50 gainers.
Hindalco Industries (down 5.17%), Hindustan Unilever (down 3.57%), Eternal (down 3.04%), Oil and Natural Gas Corporation (ONGC) (down 2.62%) and Adani Enterprises (down 2.58%) were the major Nifty50 losers.
Stocks in Spotlight:
Honasa Consumer gained 3.64% after reporting a strong operational and financial performance for the quarter ended 31 December 2025. On a reported basis, consolidated revenue from operations stood at Rs 602 crore in Q3 FY26, up 16.2% YoY from Rs 518 crore in Q3 FY25. Profit after tax stood at Rs 50 crore in Q3 FY26, up 92.9% YoY from Rs 26 crore in Q3 FY25.
Indian Hotels Company declined 1.10%. The company consolidated net profit jumped 55.10% to Rs 903.23 crore on 12.91% rise in revenue from operations to Rs 2,841.96 crore in Q3 FY26 over Q3 FY25.
NIBE tumbled 5.95% after the company reported a consolidated net loss of Rs 18.87 crore in Q3 FY26, compared with a net profit of Rs 1.94 crore posted in Q3 FY25. Revenue from operations fell 60.3% year-on-year (YoY) to Rs 59.08 crore in the quarter ended 31 December 2025.
Lupin shed 0.16%. The company reported 37.46% surge in consolidated net profit to Rs 1,175.55 crore in Q3 FY26 as against Rs 855.16 crore posted in Q3 FY25. Total revenue from operations jumped 24.26% year-on-year to Rs 7,167.52 crore in the quarter ended 31 December 2025.
Oil and Natural Gas Corporation (ONGC) declined 2.62%. The company reported 1.60% increase in standalone net profit to Rs 8,371.85 crore in Q3 FY2, compared with Rs 8,239.92 crore in Q3 FY25. However, revenue from operations declined 6.43% YoY to Rs 31,546.51 crore in the quarter ended 31 December 2025.
Global Markets:
European market advanced as investors awaited U.S. inflation data, due later today.
The Asia-Pacific market declined Friday, tracking Wall Street declines, as fears over artificial intelligence disruption drove the S&P 500 to a third straight day of losses.
Certain pockets of the U.S. stock market have been hit this year by the release of AI tools that threaten to automate tasks performed by some companies—or at least risk eating into their profit margins.
Overnight on Wall Street, US stocks fell sharply Thursday as the market punished companies seen as potential losers from artificial-intelligence technology.
The S&P 500 fell 108.71 points to 6,832.76. The Dow Jones Industrial Average dropped 669.42 to 49,451.98, and the Nasdaq Composite sank 469.32 to 22,597.15.
The order involves the manufacturing and supply of ground equipment, accessories, ESP and ammunition for a Universal Rocket Launcher System capable of integrating multiple rocket types, including long-range rockets with strike capabilities of 150 km and 300 km.
As per the contract terms, the company is required to furnish a performance-cum-warranty bank guarantee equivalent to 10% of the total contract value within 30 days of signing the agreement.
The contract will be executed in tranches over a period of 12 months. The total consideration of Rs 292.69 crore is inclusive of all taxes and duties.
The company clarified that the order has been awarded by a domestic entity and does not fall under related-party transactions. Further, the promoters or promoter group entities do not have any interest in the awarding authority.
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 reported a consolidated net loss of Rs 8.44 crore in Q2FY26, compared with a net profit of Rs 9.12 crore posted in Q2FY25. Revenue from operations fell 46.04% year-on-year (YoY) to Rs 73.37 crore in the quarter ended 30 September 2025.
Shares of NIBE rallied 9.21% to close at Rs 1,240.25 on the BSE on 2 January 2026.