Nelco Q2 FY27 results: standalone H1 PAT nearly doubles
NELCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone H1 PAT up 88% to Rs 727 lakhs on revenue of Rs 10,760 lakhs. Consolidated H1 PAT at Rs 407 lakhs vs Rs 342 lakhs on revenue of Rs 15,817 lakhs. Q2 standalone PAT Rs 347 lakhs vs Rs 271 lakhs YoY. Company invested Rs 191 crore in Lunar Holdco CCDs (now Elveo Mobile Inc), funded by Rs 194 crore long-term borrowings. Q1 had Labour Code provision reversal of Rs 106 lakhs as exceptional item. Operating margins expanded notably.
Strong standalone earnings growth. Major investment lifts total debt sharply, raising leverage from near zero to about 1.7 times equity.