NELCO Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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NELCO Limited (a Tata group company) submitted its audited consolidated and standalone financial results for FY26, with auditor S.R. Batliboi & Associates LLP issuing an unmodified (clean) opinion. Consolidated income from operations was nearly flat at Rs 30,660 lakhs versus Rs 30,487 lakhs in FY25, with total income at Rs 31,096 lakhs. However, consolidated net profit fell sharply to Rs 332 lakhs from Rs 953 lakhs in FY25, a decline of about 65%, pulling down EPS to Rs 1.45 from Rs 4.18. The company booked an exceptional item of Rs 381 lakhs related to incremental impact of the new Labour Codes notified in November 2025. The Board has recommended a final dividend of Rs 1 per share (10% on face value of Rs 10), lower than Rs 2.20 per share paid for FY25.
Revenue held up well, but a steep drop in profitability and a lower dividend payout may weigh on investor sentiment. The clean audit opinion and continued single-segment Network Systems focus provide some comfort, though shareholders should note the margin pressure and rising short-term borrowings (up to Rs 5,877 lakhs from Rs 3,795 lakhs).