You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Nelco Q2 FY22 PAT jumps 53% to Rs 3 cr

Capital Market 

Nelco's consolidated net profit soared 53.15% to Rs 3.40 crore on a 13.52% surge in total income to Rs 61.46 crore in Q2 FY22 over Q2 FY21.

Consolidated profit before tax surged 46.92% to Rs 4.54 crore in Q2 September 2021 as against Rs 3.09 crore in Q2 September 2020.

Nelco, a part of Tata group, one of India's leading VSAT providers. It offer end to end networking solutions (Satcom Projects) and maintenance of private hubs and hybrid networks for its customers, from government to corporates.

The company holds the VSAT License, Internet Service Provider (ISP) License as well as the Inflight & Maritime Communication (IFMC) license issued by Department of Telecommunication, Government of India (DOT).

Shares of Nelco was locked in a lower circuit of 5% at Rs 911.25 on BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 20 2021. 10:52 IST