Nelco Q1FY27 net profit rises to Rs 234 lakh

Nelco reported a consolidated net profit of Rs 234 lakh for the quarter ended June 30, 2026, an increase from Rs 180 lakh in the corresponding period of the previous year. Total income for the quarter stood at Rs 8,017 lakh, compared to Rs 7,536 lakh in the same period last year. The company operates in a single reportable segment, Network Systems. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on July 16, 2026. The results were filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profit before tax for the quarter was Rs 313 lakh, up from Rs 240 lakh in Q1FY26. Earnings per share (EPS) for the quarter increased to Rs 1.02 from Rs 0.79 in the corresponding quarter of the previous year. Total comprehensive income for the period rose to Rs 269 lakh from Rs 138 lakh a year ago. The equity share capital remained unchanged at Rs 2,282 lakh.

Consolidated Financial Results

Particulars	3 Months ended 30-Jun-2026 (Unaudited)	Corresponding 3 Months ended 30-Jun-2025 (Unaudited)
Total income	8,017	7,536
Profit before tax	313	240
Profit for the period	234	180
Total comprehensive income	269	138
Earnings Per Share (Basic and Diluted)	1.02	0.79

Standalone Financial Results

The standalone financial performance for the quarter also showed growth. Income from operations stood at Rs 5,481 lakh, up from Rs 4,687 lakh in Q1FY26. Profit after tax for the standalone entity was Rs 380 lakh, compared to Rs 116 lakh in the previous year's corresponding quarter. Total comprehensive income for the standalone results was Rs 401 lakh.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.37%	+3.01%	+0.36%	+48.35%	+6.55%	+148.73%

Nelco Limited shareholders approved the audited financial statements for the financial year ended March 31, 2026, and declared a dividend during the 83rd Annual General Meeting held on June 24, 2026. The meeting, conducted via video conferencing, saw the adoption of both standalone and consolidated financial statements, alongside the ratification of the cost auditor's remuneration. All five resolutions on the agenda were passed with the requisite majority, securing over 99.99% of the votes in favour.

Key Resolutions and Voting Results

The AGM transacted business items including the re-appointment of Mr. A. S. Lakshminarayanan as Director, who retires by rotation. M/s. Parikh and Associates, Practising Company Secretaries, served as the scrutinizer for the e-voting process. The remote e-voting period commenced on June 19, 2026, and concluded on June 23, 2026, with voting also facilitated during the meeting.

The following table details the voting outcomes for the key resolutions passed at the meeting:

Resolution Description	Votes In Favour	Votes Against	% of Votes In Favour
Adoption of Financial Statements FY26	11,680,338	656	99.9944%
Adoption of Consolidated Financial Statements FY26	11,680,338	656	99.9944%
Declaration of Dividend on Equity Shares FY26	11,680,200	814	99.9930%
Re-appointment of Mr. A. S. Lakshminarayanan	11,680,304	690	99.9941%
Ratification of Cost Auditor's Remuneration	11,671,897	813	99.9930%

Meeting Participation and Proceedings

A total of 72,523 shareholders were eligible to vote as on the record date of June 17, 2026. The meeting was chaired by Mr. A. S. Lakshminarayanan, with key attendees including Mr. P.J. Nath, Managing Director & CEO, and Mr. Malav Shah, Chief Financial Officer. Representatives of statutory auditors S.R. Batliboi & Associates LLP and secretarial auditors M/s. Bhandari & Associate were also present.

The statutory auditors' report and the secretarial audit report were noted as having no qualifications or adverse remarks. The proceedings concluded at 5:20 p.m. IST, and the detailed scrutinizer's report has been made available on the company's website.