Results Snapshot
Figures in Million
Consolidate Annual Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Net Sales
36,616.00
40,563.00
40,557.00
42,404.00
40,033.00
41,573.00
42,278.00
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
36,616.00
40,563.00
40,557.00
42,404.00
40,033.00
41,573.00
42,278.00
Raw Material Cost
31,253.00
30,847.00
30,827.00
32,306.00
31,556.00
32,995.00
33,121.00
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
55.00
40.00
11.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
5,773.00
5,913.00
6,425.00
5,607.00
5,190.00
5,145.00
5,767.00
Other Expenses
18.20
22.60
41.50
68.90
132.40
64.60
48.60
Total Expenditure (Excl Depreciation)
37,263.00
37,026.00
37,678.00
38,602.00
38,070.00
38,786.00
39,374.00
Operating Profit (PBDIT) excl Other Income
-647
3537
2879
3802
1963
2787
2904
Other Income
168.00
98.00
103.00
80.00
93.00
129.00
4,315.00
Operating Profit (PBDIT)
1,365.00
5,552.00
4,975.00
5,934.00
5,005.00
5,143.00
9,667.00
Interest
55.00
40.00
11.00
0.00
0.00
0.00
0.00
Exceptional Items
-1,111.00
-83.00
-297.00
-181.00
-128.00
-765.00
-4,183.00
Gross Profit (PBDT)
5,363.00
9,716.00
9,730.00
10,098.00
8,477.00
8,578.00
9,157.00
Depreciation
1,844.00
1,917.00
1,993.00
2,052.00
2,949.00
2,227.00
2,448.00
Profit Before Tax
-1,645.00
3,511.00
2,672.00
3,699.00
1,926.00
2,150.00
3,034.00
Tax
198.00
1,075.00
877.00
1,158.00
626.00
718.00
970.00
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
-1,843.00
2,436.00
1,795.00
2,541.00
1,300.00
1,432.00
2,063.00
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
-1,843.00
2,436.00
1,795.00
2,541.00
1,300.00
1,432.00
2,063.00
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
-1,843.00
2,436.00
1,795.00
2,541.00
1,300.00
1,432.00
2,063.00
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
36,966.00
39,192.00
37,790.00
36,286.00
34,620.00
38,795.00
37,868.00
Earnings per share (EPS)
-88.56
117.1
86.29
122.2
57.21
60.15
86.71
Diluted Earnings per share
-88.56
117.1
86.29
122.2
57.21
60.15
86.71
Operating Profit Margin (Excl OI)
-1.77%
8.72%
7.1%
8.97%
4.9%
6.7%
6.87%
Gross Profit Margin
0.54%
13.38%
11.5%
13.56%
12.18%
10.53%
12.97%
PAT Margin
-5.03%
6.01%
4.43%
5.99%
3.25%
3.44%
4.88%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2026 is -9.73% vs 0.01% in Mar 2025
Consolidate Net Profit
YoY Growth in year ended Mar 2026 is -175.66% vs 35.71% in Mar 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2026 is -78.05% vs 11.95% in Mar 2025
Interest
YoY Growth in year ended Mar 2026 is 37.50% vs 263.64% in Mar 2025
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2026 has fallen from Mar 2025
Compare Annual Results Of INES Corp. With
Figures in Million
Consolidate Annual Results
Change(JPY)
Change(%)
Net Sales
36,616.00
8,307.95
28,308.05
340.73%
Other Operating Income
0.00
0.00
0.00
Total Operating income
36,616.00
8,307.95
28,308.05
340.73%
Raw Material Cost
31,253.00
2,949.86
28,303.14
959.47%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
0.00
3,558.69
-3,558.69
-100.00%
Power Cost
0
0
0.00
Manufacturing Expenses
55.00
13.28
41.72
314.16%
Selling and Distribution Expenses
5,773.00
2,552.27
3,220.73
126.19%
Other Expenses
18.20
-350.84
369.04
105.19%
Total Expenditure (Excl Depreciation)
37,263.00
5,565.67
31,697.33
569.52%
Operating Profit (PBDIT) excl Other Income
-647.00
2,742.28
-3,389.28
-123.59%
Other Income
168.00
26.98
141.02
522.68%
Operating Profit (PBDIT)
1,365.00
3,009.54
-1,644.54
-54.64%
Interest
55.00
13.28
41.72
314.16%
Exceptional Items
-1,111.00
-3.81
-1,107.19
-29,060.10%
Gross Profit (PBDT)
5,363.00
5,358.09
4.91
0.09%
Depreciation
1,844.00
335.77
1,508.23
449.19%
Profit Before Tax
-1,645.00
2,656.67
-4,301.67
-161.92%
Tax
198.00
761.27
-563.27
-73.99%
Provisions and contingencies
0
0
0.00
Profit After Tax
-1,843.00
1,896.74
-3,739.74
-197.17%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
-1,843.00
1,896.74
-3,739.74
-197.17%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.00
-1.34
1.34
100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
-1,843.00
1,895.40
-3,738.40
-197.24%
Equity Capital
0
0
0.00
Face Value
0.00
0.00
0.00
Reserves
36,966.00
10,357.15
26,608.85
256.91%
Earnings per share (EPS)
-88.56
120.25
-208.81
-173.65%
Diluted Earnings per share
-88.56
120.25
-208.81
-173.65%
Operating Profit Margin (Excl OI)
-1.77%
31.86%
0.00
-33.63%
Gross Profit Margin
0.54%
36.02%
0.00
-35.48%
PAT Margin
-5.03%
22.83%
0.00
-27.86%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 3,661.60 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is -9.73% vs 0.01% in Mar 2025
Annual - Consolidate Net Profit
Consolidate Net Profit -184.30 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is -175.66% vs 35.71% in Mar 2025
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 119.70 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is -78.05% vs 11.95% in Mar 2025
Annual - Interest
Interest 5.50 Million
in Mar 2026Figures in Million
YoY Growth in year ended Mar 2026 is 37.50% vs 263.64% in Mar 2025
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) -1.77%
in Mar 2026Figures in %
YoY Growth in year ended Mar 2026 has fallen from Mar 2025






