Latest news with #Nelco
Time of India
4 days ago
- Business
- Time of India
Nelco's Q1FY26 net profit slumps over 60%, expenses rise 8.5%
Mumbai: Tata Group-backed Nelco Limited on Monday reported a sharp decline in its consolidated net profit year-on-year (YoY) for the first quarter (Q1) of FY26, with profits plunging 60.52% to ₹1.80 crore, compared to ₹4.56 crore in the same period previous year (Q1 FY25). Profit before tax (PBT) also dropped significantly by 60.70% to ₹2.40 crore during the quarter, according to its stock exchange filing. Total expenses rose by 8.56% to ₹67.05 crore from ₹61.76 crore a year ago, driven largely by a 15.67% jump in the purchase of stock-in-trade, which reached ₹6.42 crore. Operating performance was also under pressure. EBITDA (earnings before interest, taxes, depreciation and amortisation) declined 36% YoY to ₹7.8 crore from ₹12.2 crore in Q1 FY25. As a result, the company's operating margin contracted sharply to 10.4% from 16.5% in the same quarter previous year. However, the company's revenue from operations slightly rose to ₹74.79 crore, compared to ₹74.08 crore. Additionally, the company's total income grew marginally by 1.57% YoY to ₹75.36 crore in Q1 FY26. Following the earnings announcement, Nelco shares closed 5.28% or ₹50 lower on Monday at ₹897 on the National Stock Exchange (NSE). The stock has fallen over 20% in the past one month and is currently down over 40% from its recent high of ₹1,502. Nelco, established in 1940 and now a part of Tata Power, focuses on satellite-based communication services. It offers VSAT connectivity, Satcom project implementation, and integrated security and surveillance solutions for enterprise and government clients. The company holds key licenses such as VSAT, ISP, and IFMC, and caters to sectors like banking, oil and gas, education, and renewable energy.
Business Standard
5 days ago
- Business
- Business Standard
Nelco slumps as Q1 PAT tanks 61% YoY to Rs 2 cr
Nelco tumbled 5.28% to Rs 896.90 after the company's consolidated net profit tanked 60.52% to Rs 1.80 crore in Q1 FY26, compared with Rs 4.56 crore posted in Q1 FY25. However, total income stood rose 1.57% year on year to Rs 75.36 crore in the first quarter of FY26. Profit before tax tanked 60.70% year on year (YoY) to Rs 2.40 crore during the quarter under review. Total expenses rose 8.56% YoY to Rs 67.05 crore in Q1 FY26, compared with Rs 61.76 crore in Q1 FY25, and purchase of stock-in-trade was at Rs 6.42 crore (up 15.67% YoY) during the quarter. On a standalone basis, the companys net profit tanked 71.91% to Rs 1.16 crore in Q1 FY26 as against Rs 4.13 crore in Q1 FY25. Total income declined 10.93% year on year to Rs 47.55 crore in Q1 FY26. Nelco provides domestic satellite communication services to close user group networks.
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Business Standard
5 days ago
- Business
- Business Standard
Q1 results today: HCL, Ola, Tata Tech among 25 firms on July 14; see list
Q1 FY26 company results: Tejas Networks, Nelco, Rallis India, and Sambhv Steel Tubes will release their earnings report for the April-June quarter New Delhi HCL Technologies, Ola Electric, and Tata Technologies will be among 25 companies to release their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26). Other companies releasing their performance report for the April-June quarter include Tejas Networks, Nelco, Rallis India, and Sambhv Steel Tubes. HCL Tech Q1 preview HCL Technologies is expected to report a slight dip in both revenue and net profit for the first quarter, largely due to seasonal weakness and slower performance in its services and products segments. Analysts polled by Business Standard estimate a marginal 0.02 per cent quarter-on-quarter decline in revenue to ₹30,240.28 crore. Net profit is projected to drop by 3.76 per cent sequentially to ₹4,145.13 crore, and by 2.65 per cent year-on-year. The decline is attributed to seasonal productivity resets and pressure on the services business, which is also likely to impact the company's profit margins. Market overview July 14 Indian equity benchmark indices closed lower on Friday, July 1, following a largely range-bound week, as investor sentiment weakened due to disappointing earnings from Tata Consultancy Services (TCS). The IT major's weaker-than-expected Q1 results triggered a sell-off in technology stocks. Additionally, escalating global trade tensions weighed on markets after US President Donald Trump imposed fresh tariffs on Canadian imports. The BSE Sensex declined by 689.81 points or 0.83 per cent to close at 82,500.47, while the Nifty50 fell 205.4 points or 0.81 per cent to settle at 25,149.85. Broader markets also ended in the red, with the Nifty MidCap index down 0.88 per cent and the Nifty SmallCap index slipping 1.02 per cent. Today, July 14, markets are expected to open on a cautious note, influenced by both domestic and global factors. Key triggers include India's June inflation data (CPI and WPI), HCLTech's Q1 earnings, and developments in the global trade landscape, particularly following Trump's 30 per cent tariffs on the European Union and Mexico. Additionally, investors will watch for China's June trade data, trends in institutional investments, and activity in the primary market. Broader global cues also remain weak. List of firms releasing Q1 FY26 results on July 14 Authum Investment & Infrastructure Ltd Benares Hotels Ltd Citadel Realty and Developers Ltd Den Networks Ltd Essar Projects India Ltd G G Auto Products Ltd Gowrishankar Commercial Ltd GSB Finance Ltd Hathway Cable & Datacom Ltd HCL Technologies Ltd Inderjit Good & Co Ltd Infomedia Press Ltd Kesoram Industries Ltd Kiranshya Finance & Leasing Ltd Nelco Ltd Ola Electric Rallis India Ltd RGF Ltd Royal Industries Ltd Sambhv Steel Tubes Ltd Sharp Investments Ltd Space Incubation Ltd SS Worldwide Logistics Ltd Tata Technologies Ltd Tejas Networks Ltd
India.com
5 days ago
- Business
- India.com
Market Outlook: Check Out Major Factors Driving Stock Market This Week
Mumbai: The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to announce their Q1 results during the week. On the macroeconomic front, inflation data for June -- both wholesale and retail -- will be released on July 14, which could influence investor mood. According to Bajaj Broking Research, globally, US inflation data is expected on July 15, followed by industrial production numbers on July 16 and jobless claims on July 17. These indicators will also play a role in shaping global risk sentiment. Sudip Shah, Head of Technical and Derivatives Research at SBI Securities, said the Indian market is currently underperforming compared to global peers, many of which are witnessing strong rallies. This, he added, reflects a phase of consolidation and cautious trading in domestic equities. He also pointed out that two major factors could drive market direction in the coming sessions -- fresh updates on tariffs and the Q1 earnings season. The previous week was marked by volatility, with the Nifty slipping 311.15 points or 1.22 per cent to close at 25,149.85, and the Sensex losing 932.42 points or 1.12 per cent to settle at 82,500.47. IT stocks led the decline, dragging the Nifty IT index down by 3.76 per cent. The Nifty Auto index fell 2.03 per cent, while Nifty Infra and Nifty Energy declined 1.88 per cent and 1.13 per cent, respectively. However, FMCG stocks saw buying interest, with the Nifty FMCG index ending 2.15 per cent higher.
Hans India
6 days ago
- Business
- Hans India
Market outlook: Quarterly earnings, inflation data, global cues to drive stock market this week
Mumbai, July 13: The upcoming trading week is expected to be crucial for Indian stock markets as several key events are lined up, including quarterly earnings, retail inflation figures, developments on the US-India trade deal, and global economic indicators. Major companies, such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are scheduled to announce their Q1 results during the week. On the macroeconomic front, inflation data for June -- both wholesale and retail -- will be released on July 14, which could influence investor mood. According to Bajaj Broking Research, globally, US inflation data is expected on July 15, followed by industrial production numbers on July 16 and jobless claims on July 17. These indicators will also play a role in shaping global risk sentiment. Sudip Shah, Head of Technical and Derivatives Research at SBI Securities, said the Indian market is currently underperforming compared to global peers, many of which are witnessing strong rallies. This, he added, reflects a phase of consolidation and cautious trading in domestic equities. He also pointed out that two major factors could drive market direction in the coming sessions -- fresh updates on tariffs and the Q1 earnings season. The previous week was marked by volatility, with the Nifty slipping 311.15 points or 1.22 per cent to close at 25,149.85, and the Sensex losing 932.42 points or 1.12 per cent to settle at 82,500.47. IT stocks led the decline, dragging the Nifty IT index down by 3.76 per cent. The Nifty Auto index fell 2.03 per cent, while Nifty Infra and Nifty Energy declined 1.88 per cent and 1.13 per cent, respectively. However, FMCG stocks saw buying interest, with the Nifty FMCG index ending 2.15 per cent higher.
