Nelco Reports Strong Q4 Turnaround, Shares Surge Over 10%
Nelco spurts on reporting turnaround Q4 numbers
Business Standard
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Nelco's shares rose by 10.72% to ₹747.50 following a turnaround in its Q4 FY26 results, reporting a consolidated net profit of ₹1.09 crore compared to a net loss of ₹4.08 crore in the same quarter last year. The company also announced a final dividend of ₹1 per share.
- 01Nelco reported a consolidated net profit of ₹1.09 crore for Q4 FY26.
- 02Total income increased by 15.60% year-on-year to ₹81.11 crore.
- 03Total expenses rose by 20.95% to ₹73.65 crore.
- 04The company declared a final dividend of ₹1 per share.
- 05Standalone net profit was ₹2.79 crore, compared to a loss in the previous year.
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Nelco, a provider of domestic satellite communication services in India, experienced a significant turnaround in its financial performance for Q4 FY26. The company's consolidated net profit reached ₹1.09 crore, a notable recovery from a net loss of ₹4.08 crore during the same period last year. Total income surged by 15.60% year-on-year, amounting to ₹81.11 crore, compared to ₹70.16 crore in Q4 FY25. Profit before tax also improved, standing at ₹1.75 crore against ₹1.13 crore in the previous year. However, total expenses increased by 20.95% to ₹73.65 crore, up from ₹60.89 crore in Q4 FY25. On a standalone basis, Nelco posted a net profit of ₹2.79 crore, a recovery from a minor loss of ₹0.03 crore in Q4 FY25, with total income rising by 3.69% to ₹54.16 crore. The company has proposed a final dividend of ₹1 per share for the financial year ending March 31.
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Nelco's improved financial performance may enhance investor confidence and potentially lead to increased investment in the company, benefiting shareholders and employees.
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