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NELCO Q2 FY27 results: net profit up 6.8% to ₹1.73 crore, revenue up 5.1%
NELCO Limited reported consolidated Q2 FY27 revenue of ₹78.14 crore, up 5.1% from ₹74.33 crore a year earlier, while net profit rose 6.8% to ₹1.73 crore. EBITDA increased 22.1% to ₹9.12 crore and margin expanded 1.7 percentage points to 11.7%, although profit and EPS declined from Q1 FY27.
Key points
- Consolidated Q2 FY27 revenue was ₹78.14 crore, up 5.1% from ₹74.33 crore in Q2 FY26 but down 2.4% from ₹80.03 crore in Q1 FY27.
- EBITDA rose 22.1% year on year to ₹9.12 crore, with margin increasing 1.7 percentage points to 11.7%.
- Net profit was ₹1.73 crore, up 6.8% from ₹1.62 crore a year earlier but down 26.1% from ₹2.34 crore in the previous quarter.
- Basic EPS was ₹0.76, compared with ₹0.71 in Q2 FY26 and ₹1.02 in Q1 FY27.
- In H1 FY27, revenue rose 6.1% to ₹158.17 crore and net profit increased 19.0% to ₹4.07 crore.
How did NELCO perform in Q2 FY27?
NELCO’s consolidated revenue for Q2 FY27 was ₹78.14 crore, up 5.1% from ₹74.33 crore in Q2 FY26 but down 2.4% from ₹80.03 crore in Q1 FY27. EBITDA rose 22.1% year on year to ₹9.12 crore, while margin increased 1.7 percentage points to 11.7% from 10.0%. Sequentially, EBITDA rose 9.6% and margin expanded 1.3 percentage points.
Profit before tax was ₹2.39 crore, up 11.7% from ₹2.14 crore a year earlier but down 23.6% from ₹3.13 crore in the previous quarter. NELCO reported a net profit of ₹1.73 crore, up 6.8% year on year but down 26.1% sequentially; basic EPS was ₹0.76, against ₹0.71 and ₹1.02, respectively. On a standalone basis, revenue was ₹52.79 crore and net profit was ₹3.47 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 78.14 | 80.03 | 74.33 | +5.1% | −2.4% |
| Other income | 2.51 | 0.14 | 1.28 | +96.1% | +1692.9% |
| Total expenses | 78.26 | 78.10 | 73.47 | +6.5% | +0.2% |
| EBITDA | 9.12 | 8.32 | 7.47 | +22.1% | +9.6% |
| EBITDA margin | 11.7% | 10.4% | 10.0% | +1.7 pp | +1.3 pp |
| Profit before tax | 2.39 | 3.13 | 2.14 | +11.7% | −23.6% |
| Tax | 0.60 | 0.79 | 0.55 | +9.1% | −24.1% |
| Net profit | 1.73 | 2.34 | 1.62 | +6.8% | −26.1% |
| EPS (₹) | 0.76 | 1.02 | 0.71 | +7.0% | −25.5% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in NELCO's costs and profit?
Total expenses increased 6.5% year on year to ₹78.26 crore from ₹73.47 crore, compared with 5.1% revenue growth. Employee cost was ₹12.32 crore, up 2.9% from ₹11.97 crore, finance costs rose 126.3% to ₹3.44 crore from ₹1.52 crore, and depreciation increased 13.9% to ₹5.80 crore from ₹5.09 crore. Other expenses were ₹50.68 crore, up 12.3% from ₹45.14 crore; the filing did not state the reasons for these changes.
Other income rose to ₹2.51 crore from ₹1.28 crore, an increase of ₹1.23 crore, while tax was ₹0.60 crore against ₹0.55 crore. There was no exceptional item in Q2 FY27, compared with an exceptional gain of ₹1.06 crore in Q1 FY27. Sequentially, employee cost fell 6.9% to ₹12.32 crore and other expenses declined 1.8% to ₹50.68 crore, but finance costs increased 170.9% to ₹3.44 crore and depreciation rose 13.3% to ₹5.80 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 12.32 | 11.97 | +0.35 | +2.9% |
| Finance costs | 3.44 | 1.52 | +1.92 | +126.3% |
| Depreciation | 5.80 | 5.09 | +0.71 | +13.9% |
| Other expenses | 50.68 | 45.14 | +5.54 | +12.3% |
| Total expenses | 78.26 | 73.47 | +4.79 | +6.5% |
| Other income | 2.51 | 1.28 | +1.23 | +96.1% |
| Tax | 0.60 | 0.55 | +0.05 | +9.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹158.17 crore, up 6.1% from ₹149.12 crore in H1 FY26. Total income rose 6.5% to ₹160.82 crore from ₹150.97 crore, while profit before tax increased 26.9% to ₹5.52 crore from ₹4.35 crore.
Net profit for H1 FY27 was ₹4.07 crore, up 19.0% from ₹3.42 crore, and basic EPS rose 18.7% to ₹1.78 from ₹1.50. The board approved the unaudited consolidated and standalone quarterly and six-month results on 19 October 2026, following a limited review by the statutory auditors.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 158.17 | 149.12 | +6.1% |
| Profit before tax | 5.52 | 4.35 | +26.9% |
| Net profit | 4.07 | 3.42 | +19.0% |
| EPS (₹) | 1.78 | 1.50 | +18.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹542.31 crore, compared with ₹347.37 crore at 31 March 2026, while total equity was ₹131.13 crore against ₹128.83 crore. Borrowings rose to ₹246.18 crore from ₹58.77 crore, and cash declined to ₹6.61 crore from ₹19.39 crore. Inventories were ₹32.68 crore, trade receivables ₹87.58 crore, and trade payables ₹43.84 crore.
H1 FY27 operating cash flow was ₹48.81 crore, compared with ₹11.13 crore in H1 FY26. Investing cash flow was negative ₹224.42 crore against negative ₹8.58 crore, financing cash flow was ₹162.83 crore against ₹13.03 crore, and capital expenditure was ₹34.31 crore against ₹9.07 crore. The filing did not state why these cash-flow movements occurred.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 542.31 | 347.37 |
| Total equity | 131.13 | 128.83 |
| Borrowings | 246.18 | 58.77 |
| Cash and equivalents | 6.61 | 19.39 |
| Inventories | 32.68 | 36.25 |
| Trade receivables | 87.58 | 103.64 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 48.81 | 11.13 |
| Cash from investing | −224.42 | −8.58 |
| Cash from financing | 162.83 | 13.03 |
| Capital expenditure | 34.31 | 9.07 |
Source: Company's results filing (XBRL).
How has NELCO done over the last 8 quarters?
Revenue reached a peak of ₹80.72 crore in Q3 FY25 and bottomed at ₹67.52 crore in Q4 FY25, before recovering to ₹78.14 crore in Q2 FY27. NELCO’s revenue rose year on year in each of the last three quarters, although it fell 2.4% from Q1 FY27.
Net profit bottomed at a loss of ₹4.08 crore in Q4 FY25 and peaked at ₹4.95 crore in Q3 FY25; in Q2 FY27, it was ₹1.73 crore. Profit rose year on year in each of the last two quarters. EBITDA margin bottomed at 7.0% in Q4 FY26, peaked at 15.1% in Q3 FY25 and stood at 11.7% in the latest quarter.
How did NELCO shares react?
After the filing on 19 October 2026, NELCO’s shares fell 1.8% within five minutes, 3.2% within 15 minutes and 3.6% within 30 minutes. By the reaction-day close, the stock was down 4.2% from its pre-results close, compared with a 3.0% decline for the industry median; by the next day’s close, it was down 5.8%, and by five sessions, down 8.0%.
The stock underperformed the industry median by 1.2 percentage points on the reaction day, 2.6 percentage points by the next day’s close and 6.2 percentage points by the five-session close. Earlier reaction-day moves were 0.3% on 16 July 2026, 7.2% on 20 April 2026, negative 3.6% on 15 January 2026 and negative 0.9% on 17 October 2025.
| After the filing | Stock | Computers Hardware & Equipments median |
|---|---|---|
| 5 minutes | −1.8% | |
| 15 minutes | −3.2% | |
| 30 minutes | −3.6% | |
| Reaction day | −4.2% | −3.0% |
| Next day | −5.8% | −3.2% |
| 5 days | −8.0% | −1.7% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 16 July 2026 | +0.3% |
| 20 April 2026 | +7.2% |
| 15 January 2026 | −3.6% |
| 17 October 2025 | −0.9% |
| 14 July 2025 | −5.2% |
| 15 January 2025 | −2.3% |
| 21 October 2024 | −6.5% |
| 11 July 2024 | −2.4% |
Source: MarketPing price-reaction measurement.
Quick answers
What was NELCO's revenue in Q2 FY27?
Revenue from operations was ₹78.14 crore, up 5.1% from ₹74.33 crore in Q2 FY26 (consolidated).
Did NELCO make a profit in Q2 FY27?
Yes. Net profit was ₹1.73 crore, against a net profit of ₹1.62 crore in Q2 FY26.
What was NELCO's EPS in Q2 FY27?
Basic earnings per share were ₹0.76, against ₹0.71 in Q2 FY26.
How did NELCO shares react to the Q2 FY27 results?
On the reaction day the stock moved −4.2% from the previous close; the median Computers Hardware & Equipments stock moved −3.0%.
When did NELCO announce its Q2 FY27 results?
On 19 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Six Months Period Ended 30Th September 2026. (BSE, 13 October 2026) · PDF
- Unaudited Financial Results For The Quarter And Six Months Period Ended 30Th September 2026 (BSE, 19 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Quarter And Six Months Period Ended 30Th September 2026 (BSE, 19 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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