India Nippon Electricals Limited — PPTs, 25-11-2025: Investor Presentation

INEL delivered strong Q2 sales, up 30% YoY to 272.6 Cr, significantly outpacing the 2W industry's 11% growth. H1 revenue rose 25.5% to 497.3 Cr, with net profit up 18.1% to 46.4 Cr. Exports saw 3x YoY growth in H1, though US tariffs are creating pricing pressure.

Key strategies include expanding core 2W/3W products, growing the EV portfolio with a new R&D center for EV tech like sensors and controllers, and advancing aftermarket business. A new partnership with Borg Warner for EFI ECU aims to tap a new product segment.

Recent wins include securing a high-volume model business from a Western customer and tech showcases with two 4W customers. The aftermarket segment also maintained strong momentum.

Management sees festive demand extending into Q4, driven by rural and wedding purchases, boosted by GST Reform 2.0 for ICE engines. EV penetration remains at 7%, facing supply chain challenges.