Nelcast Limited has informed the Exchange regarding Outcome of Board Meeting held on May 18, 2026.
NELCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nelcast Limited reported audited standalone financial results for FY2026. Total income increased to Rs. 1,34,237.20 Lakhs from Rs. 1,26,876.58 Lakhs in FY2025, representing approximately 6% revenue growth. Profit after tax grew significantly to Rs. 4,843.29 Lakhs from Rs. 3,729.19 Lakhs in the previous year, marking approximately 30% PAT growth. The Board recommended a dividend of Rs. 0.70 per share (35% payout) subject to shareholder approval at the 44th AGM on July 27, 2026. Statutory auditors issued unmodified opinions on both standalone and consolidated financial statements. Exceptional item of Rs. 376.36 Lakhs relates to profit on sale of land in the previous year (FY2025). Borrowings reduced substantially from Rs. 6,864.63 Lakhs to Rs. 3,691.51 Lakhs year-on-year.
The strong PAT growth of ~30% significantly exceeds the 25% threshold, indicating improved operational efficiency and bottom-line performance. The clean audit opinion and reduced debt levels signal financial stability, which should be positive for shareholders ahead of the dividend payment.