Nelco slumps on reporting dismal Q3 performance
Nelco tanked 3.04% to Rs 681.50 after the company reported a consolidated net loss of Rs 1.19 crore in Q3 FY26, compared with a net profit of Rs 4.95 crore in Q3 FY25.
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 companys 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.
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