Nelco slumps after reporting dismal Q4 numbers

Total income stood at Rs 70.16 crore in Q4 FY24, registering a decline of 14.79% from Rs 82.34 crore recorded in the same period a year ago.

Profit before tax tanked 86.23% year on year (YoY) to Rs 1.13 crore during the quarter under review.

Total expenses declined 8.96% YoY to Rs 60.89 crore in Q4 FY24, compared with Rs 66.89 crore in Q4 FY24, and purchase of stock-in-trade was at Rs 11.11 crore (down 17.21% YoY) during the quarter.

On a full-year basis, the company's net profit tanked 59.73% to Rs 9.53 crore on a 3.90% decline in total income to Rs 310.05 in FY25 over FY24.

Meanwhile, the board of directors has recommended a final dividend of Rs 1 per share for the financial year ended 31st March 2025, subject to the approval of the shareholders at the ensuing annual general meeting of the company.

Nelco provides domestic satellite communication services to close user group networks.

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