Nelcast Q3FY26: PAT jumps 166% YoY on strong domestic demand
NELCAST · price
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Nelcast reported strong Q3FY26 results. Total revenue rose 11.8% YoY to Rs. 332.2 Cr. EBITDA surged 56.5% YoY to Rs. 35.9 Cr with margin expanding 308 bps to 10.8%. PAT jumped 166.1% YoY to Rs. 15.9 Cr, and EBITDA per kg climbed 35% to Rs. 15.9. For 9MFY26, revenue rose 3.9% to Rs. 971.2 Cr, EBITDA grew 25.6%, and PAT grew 39.6%. Growth was led by domestic M&HCV and tractor segments. Exports are stabilising, and U.S. tariff relief is expected to support medium-term demand.
Sharp margin expansion and EBITDA per kg improvement signal strong operating leverage, supporting a positive earnings trajectory into FY27.