Synopsis: Nelco reported Rs. 75 crores revenue in Q1 FY26, up 11 percent QoQ. Net profit stood at Rs. 2 crores, down 61 percent YoY but recovering from a Rs. 4 crores Q4 loss.
During Monday’s trading session, shares of a part of the Tata Group providing domestic satellite communication services to close user group networks tumbled nearly 6 percent on BSE, after announcing muted financial results for Q1 FY26 with net profit declining by 61 percent YoY.
With a market cap of Rs. 2,066 crores, shares of NELCO Limited closed in the red at Rs. 905.45 on BSE, down by nearly 4.4 percent, as against its previous closing price of Rs. 946.85. The stock has delivered positive returns of nearly 7 percent in one year, but has fallen by more than 20 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, NELCO Limited announced the financial results for Q1 FY26 on Monday during market hours. For Q1 FY26, NELCO reported a consolidated revenue from operations of Rs. 75 crores, reflecting a decent growth of around 11 percent QoQ compared to Rs. 67.5 crores in Q4 FY25, and a marginal year-on-year rise of about 1.4 percent from Rs. 74 crores recorded in Q1 FY25.
The company reported a net profit of Rs. 1.8 crores for Q1 FY26. While this marks around a 61 percent decline compared to the Rs. 4.6 crores profit earned in the same period last year, it represents a notable turnaround from the Rs. 4 crores net loss reported in the previous quarter (Q4 FY25).
NELCO Limited, a subsidiary of The Tata Power Company Limited, is engaged in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on a non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by the Department of Telecommunications (D.O.T.), Government of India.
Written by Shivani Singh
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