Nelcast Reports Impressive Q4 Results with Substantial Profit Growth
Nelcast Ltd. has released its Q4 financial results, showing significant growth. Net profit more than doubled to ₹135.00 crore from ₹50.70 crore year-over-year. Revenue increased by 11.86% to ₹3,300.00 crore from ₹2,950.00 crore in the previous year. The company's performance indicates strong recovery and improved market conditions in the Indian manufacturing sector.
14May 25
Nelcast Reports Robust Q4 Performance with Significant Profit Growth
Nelcast Ltd., an iron castings manufacturer, announced impressive Q4 FY2023-24 results. Revenue increased 11.86% to 3.30 billion rupees, EBITDA grew 90.87% to 297.00 million rupees, and net profit surged 166.27% to 135.00 million rupees. EBITDA margin improved to 9.00% from 5.26%. For the full fiscal year, annual revenue slightly increased by 0.09% to 128.12 billion rupees, while annual net profit rose 83.16% to 5.44 billion rupees. The company's strong performance is attributed to revenue growth, operational efficiency, and improved profitability.