Corporate Actions
Nelco slumps on reporting dismal Q3 performance

16-Jan-26   13:12 Hrs IST

Total income declined 4.08% YoY to Rs 78.88 crore in Q3 FY26, from Rs 82.24 crore in the corresponding quarter last year.

The company reported a loss before tax of Rs 1.73 crore in Q3 FY26, against a profit before tax of Rs 6.98 crore in Q3 FY25.

Total expenses rose 2.83% YoY to Rs 70.48 crore, compared with Rs 68.54 crore in Q3 FY25. Purchase of stock-in-trade stood at Rs 14.72 crore, up 99.59% YoY during the quarter.

On a standalone basis, the company's net profit declined 0.57% YoY to Rs 0.87 crore in Q3 FY26, compared with Rs 0.88 crore in Q3 FY25. Total income fell 4.52% YoY to Rs 50.23 crore during the quarter.

Nelco provides domestic satellite communication services to closed user group networks.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.