Nelco Limited declared its Q2 FY27 financial results

The revenue for the September 2026 quarter is pegged at Rs. 527.90 millions, about 8.58% up against Rs. 486.20 millions recorded during the year-ago ***** Profit recorded in the quarter ended September 2026 rise to 28.04% to Rs. 34.70 millions compared to R. 27.10 millions in corresponding previous ***** Profit saw a handsome growth to 114.90 millions from 71.60 millions in the quarter ended September 2026. Outlook: - Despite higher overall expenses, strong cost management and operational leverage pushed consolidated EBITDA up 22% year-on-year to Rs. 9.1 crores, improving margins from 10% to 11.7%. - While standalone metrics were strong (28.04% net profit growth), consolidated net profit grew more modestly at 6.8% YoY to Rs. 1.73 crores. This drag stems primarily from scaling financing costs (which rose to Rs. 3.44 crores) and depreciation pressures - While this investment adds capital deployment pressure in the near term, it positions Nelco for a long-term footprint in satellite based direct to device communication, internet of things (IoT), and maritime/aero connectivity.

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