India Nippon Electricals has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has reported a rise of 12.48% in its net profit at Rs 6.22 crore for the quarter, as compared to Rs 5.53 crore for the same quarter in the previous year. Total income of the company has increased by 10.93% to Rs 65.38 crore for the quarter under review as compared to Rs 58.94 crore for the quarter ended June 30, 2011.
India Nippon Electricals (INEL) was incorporated in 1984 and converted into a joint venture in 1986 between Lucas Indian Service, a wholly-owned subsidiary of Lucas-TVS and Kokusan Denki Co, Japan - a group company of Hitachi Japan, to manufacture Electronic Ignition Systems for two-wheelers, three wheelers and portable engines.
