Nelco Limited has reported a significant drop in its net profit for Q2 FY25, down 28.1% year-on-year (YoY) to ₹4.1 crore. Despite an increase in revenue, the company’s earnings have been impacted by narrowing margins and higher expenses.
Key Financial Highlights:
- Revenue from Operations: The company reported a 7.68% YoY increase in revenue, rising to ₹82.55 crore in Q2 FY25 from ₹76.65 crore in Q2 FY24. On a quarter-on-quarter (QoQ) basis, revenue increased by 11.4% from ₹74.08 crore in Q1 FY25.
- Net Profit: Nelco’s net profit for Q2 FY25 stood at ₹4.1 crore, a significant decline from ₹5.69 crore in Q2 FY24. Compared to the previous quarter, the company saw a 10.1% QoQ decrease from ₹4.56 crore in Q1 FY25.
- EBITDA: The company’s EBITDA fell by 16% YoY to ₹17.5 crore, with margins contracting to 21.2% from 27.1% in the same period last year.
As of 9:33 AM, Nelco’s shares were trading 4.29% lower at ₹919.65 on the NSE, reflecting investor concerns over the decline in profitability despite a positive revenue performance.
TOPICS:
Nelco