Key Quantitative Figures

Consolidated Financial Results (Q1 FY27, ₹ in Lakhs)

  • Total Income: ₹8,017
  • Total Expenses: ₹7,171
  • Profit Before Depreciation, Finance Costs, Exceptional Items and Tax: ₹846
  • Finance Costs: ₹127
  • Depreciation and Amortisation: ₹512
  • Exceptional Items: ₹106 (Credit)
  • Profit Before Tax: ₹313
  • Total Tax Expense: ₹79
  • Net Profit for the Period: ₹234
  • Other Comprehensive Income: ₹35
  • Total Comprehensive Income for the Period: ₹269
  • Paid-up Equity Share Capital: ₹2,282 Lakhs (Face Value ₹10/-)
  • Basic Earnings Per Share (EPS): ₹1.02 (not annualized)

Standalone Financial Results (Q1 FY27, ₹ in Lakhs)

  • Total Income: ₹5,511
  • Total Expenses: ₹4,750
  • Profit Before Depreciation, Finance Costs, Exceptional Items and Tax: ₹761
  • Finance Costs: ₹29
  • Depreciation and Amortisation: ₹318
  • Exceptional Items: ₹94 (Credit)
  • Profit Before Tax: ₹508
  • Total Tax Expense: ₹128
  • Net Profit for the Period: ₹380
  • Other Comprehensive Income: ₹21
  • Total Comprehensive Income for the Period: ₹401
  • Basic Earnings Per Share (EPS): ₹1.66 (not annualized)

Dates of Action

  • Board Meeting: July 16, 2026 (commenced 2:00 PM, concluded 5:05 PM)
  • Financial Results Period: Quarter ended June 30, 2026 (Q1 FY27)
  • Annual General Meeting (FY26): June 24, 2026
  • Labour Code Notification by Government of India: November 21, 2025

Parties Involved

  • Subsidiary: Nelco Network Products Limited
  • Associate: Piscis Networks Private Limited
  • Statutory Auditors: S.R. Batliboi & Associates LLP (Partner: Aniket Anil Sohani)
  • Cost Auditors: P.D.Dani & Associates (Reappointed for FY27)

Purpose and Rationale

  • The Board meeting was held to approve the unaudited financial results for the quarter ended June 30, 2026, as required under SEBI Listing Regulations.
  • The reappointment of cost auditors was based on the recommendation of the Audit Committee.

Financial Impact Disclosure

  • The exceptional item of ₹106 lakhs (consolidated) and ₹94 lakhs (standalone) represents a reversal of provision for retirement benefits due to restructuring of payroll to align with Labour Code requirements.
  • The financial impact of the Labour Code was previously provided for in FY26 (₹381 lakhs consolidated, ₹238 lakhs standalone).

Capital Structure Impact

  • No change in paid-up equity share capital reported for the quarter.
  • The company operates as a single reportable segment: Network Systems.

Dividend Information

  • For FY26, a final dividend of ₹1.00 per equity share (10%) was paid.
  • This dividend was recommended by the Board and approved by shareholders at the AGM held on June 24, 2026.

Additional Information

  • The financial results are available on the company's website (www.nelco.in), BSE website (www.bseindia.com), and NSE website (www.nseindia.com).
  • The figures for the quarter ended March 31, 2026, are balancing figures between audited annual figures and published nine-month figures.

#Tags: #Nelco #Q1Results #SEBIDisclosure #FinancialUpdate #Positive