Nelco Limited has announced its financial results for the second quarter (Q2) ending September 30, 2024, showcasing a strong performance compared to the previous quarter and the same period last year.
Revenue from Operations:
- Q2 FY25: ₹82.55 crore
- Q1 FY25: ₹74.08 crore
- Q2 FY24: ₹76.65 crore
Nelco posted an 11.4% quarter-on-quarter (QoQ) increase in revenue, rising from ₹74.08 crore in Q1 FY25 to ₹82.55 crore in Q2 FY25. Year-on-year (YoY), the revenue grew by 7.68%, from ₹76.65 crore in Q2 FY24 to ₹82.55 crore in Q2 FY25.
Net Profit:
- Q2 FY25: ₹4.10 crore
- Q1 FY25: ₹4.56 crore
- Q2 FY24: ₹5.69 crore
The company reported a net profit of ₹4.10 crore for Q2 FY25, reflecting a 10.08% decline QoQ compared to ₹4.56 crore in Q1 FY25 and a 28% decline YoY compared to ₹5.69 crore in Q2 FY24.
Expenses:
- Total Expenses for Q2 FY25 stood at ₹71.71 crore, compared to ₹61.76 crore in Q1 FY25 and ₹62.74 crore in Q2 FY24, marking an increase of around 16.11% QoQ and 14.29% YoY.
Profit Before Tax (PBT):
- Q2 FY25: ₹5.44 crore
- Q1 FY25: ₹6.11 crore
- Q2 FY24: ₹7.55 crore
The PBT saw a 10.96% decline QoQ from ₹6.11 crore in Q1 FY25 to ₹5.44 crore in Q2 FY25. Additionally, the YoY comparison shows a 28% decline, down from ₹7.55 crore in Q2 FY24.
Nelco’s financial performance reflects an improvement in revenue but highlights a decrease in profitability both on a quarterly and annual basis. The company continues to face rising costs, which have impacted its margins despite higher operational revenue.
