Key Financial Figures - Consolidated Results

Quarterly Performance (Q2 FY27)

  • Total Income: Rs 80.65 crore (Q2 FY26: Rs 75.61 crore)
  • Profit before tax and exceptional items: Rs 2.39 crore (Q2 FY26: Rs 2.14 crore)
  • Exceptional Items: Reversal of Rs 1.06 crore (labour code provision reversal)
  • Profit before tax: Rs 3.13 crore (Q2 FY26: Rs 2.17 crore)
  • Tax expense: Rs 0.79 crore
  • Net profit: Rs 2.34 crore (Q2 FY26: Rs 1.62 crore)
  • EPS: Rs 1.02 per share (Q2 FY26: Rs 0.71 per share)

Half-Yearly Performance (H1 FY27)

  • Total Income: Rs 160.82 crore (H1 FY26: Rs 150.97 crore)
  • Profit before tax and exceptional items: Rs 4.46 crore (H1 FY26: Rs 4.35 crore)
  • Exceptional Items: Reversal of Rs 1.06 crore
  • Profit before tax: Rs 5.46 crore (H1 FY26: Rs 4.57 crore)
  • Tax expense: Rs 1.39 crore
  • Net profit: Rs 4.07 crore (H1 FY26: Rs 3.42 crore)
  • EPS: Rs 1.78 per share (H1 FY26: Rs 1.50 per share)

Key Financial Figures - Standalone Results

Quarterly Performance (Q2 FY27)

  • Total Income: Rs 55.34 crore (Q2 FY26: Rs 49.76 crore)
  • Profit before tax and exceptional items: Rs 4.68 crore (Q2 FY26: Rs 3.58 crore)
  • Exceptional Items: Reversal of Rs 0.94 crore (labour code provision reversal)
  • Profit before tax: Rs 5.08 crore (Q2 FY26: Rs 3.58 crore)
  • Tax expense: Rs 1.28 crore
  • Net profit: Rs 3.80 crore (Q2 FY26: Rs 2.71 crore)
  • EPS: Rs 1.66 per share (Q2 FY26: Rs 1.19 per share)

Half-Yearly Performance (H1 FY27)

  • Total Income: Rs 110.45 crore (H1 FY26: Rs 97.31 crore)
  • Profit before tax and exceptional items: Rs 8.82 crore (H1 FY26: Rs 5.15 crore)
  • Exceptional Items: Reversal of Rs 0.94 crore
  • Profit before tax: Rs 9.76 crore (H1 FY26: Rs 5.15 crore)
  • Tax expense: Rs 2.49 crore
  • Net profit: Rs 7.27 crore (H1 FY26: Rs 3.87 crore)
  • EPS: Rs 3.18 per share (H1 FY26: Rs 1.70 per share)

Exceptional Items

During the previous quarter ended June 30, 2026, management completed the restructuring process of payroll for employees to align with Labour Code requirements and reversed the provision for Retirement Benefits amounting to Rs 1.06 crore (consolidated) and Rs 0.94 crore (standalone), disclosed as Exceptional Items.

Significant Investment

During the quarter ended September 30, 2026, the company invested Rs 191.10 crore (USD 20 million) in Compulsorily Convertible Debentures (CCDs) issued by Lunar Holdco, Inc. (now known as Elveo Mobile, Inc.). The CCDs are convertible into equity instruments of Elveo Mobile, Inc. in accordance with the terms of the investment agreement.

Dividend Information

For the financial year ended March 31, 2026, the company paid a final dividend of Rs 1.00 (10%) per equity share, which was recommended by the Board and approved by shareholders at the Annual General Meeting held on June 24, 2026.

Segment Reporting

Based on evaluation of key financial parameters, the company operates in only one reportable segment - Network Systems.

Cash Flow Highlights - Consolidated (H1 FY27)

  • Cash from operating activities: Rs 48.81 crore
  • Cash used in investing activities: Rs (224.42) crore (primarily due to CCD investment)
  • Cash from financing activities: Rs 162.83 crore
  • Net decrease in cash: Rs (12.78) crore
  • Cash equivalents at period end: Rs 6.61 crore

Balance Sheet Position - Consolidated (as at September 30, 2026)

  • Total assets: Rs 542.31 crore (March 31, 2026: Rs 347.37 crore)
  • Total equity: Rs 131.13 crore (March 31, 2026: Rs 128.83 crore)
  • Total liabilities: Rs 411.18 crore (March 31, 2026: Rs 218.54 crore)
  • Investments: Rs 197.46 crore (March 31, 2026: Rs 4.22 crore)
  • Borrowings: Rs 230.65 crore (March 31, 2026: Rs 58.77 crore)

Board Meeting Details

The Board meeting commenced at 2:00 PM and concluded at 5:15 PM on October 19, 2026.

Availability of 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).

#Tags: #Nelco #Q2Results #SEBIDisclosure #FinancialResults #NetworkSystems