Nelcast Limited , a leading producer of ductile and grey iron castings in India, reported mixed financial results for the first half of fiscal year 2026, with flat revenue growth and improved profitability despite challenges in the export market.

Key Financial Highlights

• Total revenue remained largely flat at Rs 639.00 crores in H1FY26 compared to Rs 637.40 crores in H1FY25.
• Quarterly revenue declined to Rs 303.00 crores in Q2FY26 from Rs 335.00 crores in Q2FY25.
• EBITDA per kg improved marginally to Rs 12.50 in H1FY26 from Rs 11.80 in H1FY25, representing 5.93% growth.
• Profit after tax increased to Rs 17.30 crores in H1FY26 from Rs 14.00 crores in H1FY25 (adjusted), showing 23.57% growth.

Sector-wise Performance

Nelcast's performance across different sectors showed mixed results:

Export Market Challenges

Nelcast's export performance was impacted by the U.S. economic slowdown due to additional tariffs, affecting both realizations and volumes. This led to a decline in the export segment's contribution to overall revenue.

Domestic Market Performance

While exports faced challenges, Nelcast's domestic market performance showed resilience:

• The tractor segment's share of revenue rose from 25% to 27% in H1FY26, supported by favorable seasonal conditions and strong rural demand.
• Medium and Heavy Commercial Vehicles (M&HCV) maintained a steady 36% contribution to overall revenue.

Future Outlook

Despite the current challenges, Nelcast remains cautiously optimistic about its future prospects:

1. The company expects FY26 to be a consolidation year with demand strengthening toward year-end.
2. New product launches and export market recovery are anticipated to drive growth.
3. Nelcast has successfully developed high value-added castings for the export market and has initiated sampling, with positive customer feedback.

Nelcast's financial results reflect the current global economic challenges, particularly in the export market. However, the company's improved profitability and strategic focus on high-value products position it for potential growth as market conditions improve. Investors and stakeholders will be watching closely to see how Nelcast navigates these challenges and capitalizes on emerging opportunities in the coming quarters.

Nelcast Ltd. , a prominent player in the Indian manufacturing sector, has released its fourth-quarter financial results for the fiscal year, showcasing remarkable growth across key metrics. The company's performance indicates a strong recovery and improved market conditions.

Profit Surge

Nelcast reported a significant increase in net profit for Q4, reaching ₹135.00 crore. This represents a substantial year-over-year growth, with profits more than doubling from ₹50.70 crore in the same quarter of the previous year. The quarter-on-quarter growth was equally impressive, with profits more than doubling from ₹60.00 crore in the preceding quarter.

Revenue Growth

The company's revenue also saw a notable uptick, climbing to ₹3,300.00 crore in Q4. This marks a healthy increase from ₹2,950.00 crore reported in the corresponding quarter of the previous year, reflecting a growth of approximately 11.86%.

Financial Performance Overview

The table above illustrates the year-over-year changes in Nelcast's key financial metrics, highlighting the company's strong performance in the fourth quarter.

Market Implications

Nelcast's robust financial results suggest a positive outlook for the company and potentially for the broader manufacturing sector. The significant increase in both revenue and profitability indicates improved operational efficiency and possibly a recovery in demand for the company's products.

As Nelcast continues to demonstrate financial strength, investors and industry observers will likely keep a close watch on the company's future performance and strategic initiatives. The impressive Q4 results set a strong foundation for the company's growth trajectory in the coming fiscal year.