NIBE trades in electronic components, fabrication materials, and provides technical consultancy. It also provides services for the design, supply, erection, testing, and commissioning of low and medium voltage lines and substations on a turnkey basis.

In Q3 FY23, the company reported a standalone net profit of Rs 0.93 crore, compared to a net loss of Rs 2.05 crore in Q3 FY22. Net sales increased by 95.4% YoY to Rs 15.18 crore in the quarter ended 31 December 2022.