Latest news about NELCO
NELCO
675.80
-32.70(-4.62%)
Company Performance:
View Company Insights1D-4.62%
1M+7.81%
6M-21.10%
1Y-19.58%
5Y+224.90%
More news about NELCO
21Apr 26
NELCO FY26 Results: Net Profit ₹332M, Board Recommends ₹1 Final Dividend
NELCO Limited announced audited FY26 results showing consolidated net profit of ₹332 million on revenue of ₹30,660 million. The company demonstrated quarterly improvement with Q4 net profit of ₹109 million versus prior year loss. Board recommended final dividend of ₹1 per share (10%) subject to AGM approval, with unmodified audit opinions from statutory auditors.
07Apr 26
Nelco Limited Submits Q4FY26 Compliance Certificate to SEBI Depositories
Nelco Limited filed its Q4FY26 compliance certificate on 7th April 2026, confirming submission of securities dematerialization details to stock exchanges as mandated under SEBI Regulation 74(5). Company Secretary Ritesh N. Kamdar signed the certificate, which was sent to National Securities Depository Limited, Central Depository Services, BSE Limited, and National Stock Exchange of India Limited.
13Mar 26
NELCO Limited Issues Dividend Claim Reminder to Shareholders Under IEPF Regulations
NELCO Limited published newspaper advertisements on March 13, 2026, reminding shareholders to claim unclaimed dividends by August 11, 2026, to avoid transfer to IEPF. The notice covers FY2018-19 dividends and follows regulatory requirements under the Companies Act, 2013. Both unclaimed dividends and corresponding shares will be transferred to IEPF unless claimed before the deadline, with specific procedures outlined for dematerialized and physical shareholdings.
11Mar 26
Nelco Limited Receives GST Order Confirming Demand of Rs 1,414 Lakhs Including Penalty
Nelco Limited received an order from CGST Commissioner on March 10, 2026, confirming a demand of Rs 1,414 lakhs including Rs 707 lakhs penalty for GST liability under reverse charge mechanism covering April 2019 to March 2022. The company plans to appeal the order and states no immediate financial impact.
21Feb 26
NELCO Limited Appoints Protiviti India as Internal Auditor for Three-Year Term
NELCO Limited's Board of Directors approved the appointment of Protiviti India Member Private Limited as internal auditor for three consecutive years starting FY 2026-27. The decision was made during a board meeting on February 21, 2026, based on the Audit Committee's recommendation. Protiviti is a global consulting firm operating through more than 90 offices in over 25 countries, providing expertise in finance, technology, operations, and internal audit services.
30Jan 26
NELCO's Satellite Communication License Application Rejected by Department of Telecommunications
The Department of Telecommunications has rejected NELCO's satellite communication license application, creating a regulatory hurdle for the company's satellite communication plans. This setback will require NELCO to reassess its strategy and potentially address DOT's concerns before pursuing future licensing attempts in the satellite communication sector.
15Jan 26
Nelco Q3 Results: Tata Group Firm Reports ₹1.19cr Loss as Revenue Declines 3%
Tata Group's Nelco Limited faced operational challenges in Q3, reporting a net loss of ₹1.19 crore against a profit of ₹4.95 crore in the previous year. Revenue declined 3% to ₹78.30 crore from ₹80.72 crore year-on-year, with management attributing the performance to conservative cost provisions made in anticipation of new labour regulation changes.
09Jan 26
Nelco Schedules Q3 FY25 Results Review for January 15, 2025
Nelco has scheduled a review of its third quarter financial results for January 15, 2025. This announcement provides stakeholders with a specific date to expect detailed insights into the company's Q3 performance, demonstrating the company's commitment to regular financial transparency and investor communication.
22Dec 25
NELCO GST Appeal Dismissed, ₹2.04 Cr Demand Upheld
NELCO Limited's GST appeal has been dismissed by the Joint Commissioner, confirming a demand of ₹2.04 crores including penalties. The ruling pertains to GST liability based on reverse charge mechanism violations from July 1, 2017, to March 31, 2019. The order was issued under Section 107 of the Central Goods and Services Tax Act, 2017, upholding the earlier decision by the Deputy Commissioner of CGST & C. Ex.
18Nov 25
CRISIL Revises Nelco's Rating Outlook to Stable, Reaffirms A Rating
CRISIL Ratings has revised NELCO's long-term bank facilities outlook to 'Stable' from 'Positive', while reaffirming the 'CRISIL A' rating. The change is due to slower revenue growth in key segments. NELCO's consolidated operating income declined from Rs 321.00 crore to Rs 306.00 crore. The rating covers Rs 218.30 crore of bank facilities, with the short-term rating maintained at 'CRISIL A1'. CRISIL expects healthy revenue growth in the medium term, driven by recurring service business, government segment growth, and increased VSAT technology adoption. NELCO's financial profile remains healthy with a TOLANW ratio of 1.08 times and adjusted gearing of 0.42 times as of March 31.
31Oct 25
NELCO Secures GMPCS VNO License Approval from Department of Telecom
NELCO has been granted a Letter of Intent by the Department of Telecom (DoT) for a GMPCS VNO (Global Mobile Personal Communications by Satellite Virtual Network Operator) license. This approval allows NELCO to operate as a virtual network operator in the satellite communications sector, potentially expanding its services and enhancing connectivity options, especially in remote areas. The license positions NELCO to offer innovative satellite communication solutions and address evolving market needs in global connectivity.
17Oct 25
Nelco Limited Reports Q2 FY26 Results: Net Profit Declines to Rs 162 Lakhs
NELCO's Q2 FY26 results show a significant decline in profitability. Net profit fell by 60.5% to Rs 162.00 lakhs, while total income decreased by 9.4% to Rs 7,561.00 lakhs compared to Q2 FY25. For H1 FY26, net profit was Rs 342.00 lakhs, down from Rs 866.00 lakhs in H1 FY25. Despite profit challenges, the company maintained a final dividend of Rs 1.00 per equity share for FY25. Operating expenses decreased, but employee benefits and finance costs saw slight increases. The balance sheet remains stable with total assets at Rs 30,949.00 lakhs as of September 30, 2025.
15Oct 25
Nelco Targets Enterprise and Government Sectors for Satellite Communication Services
Nelco, a key player in satellite communication, has announced a strategic plan to target enterprise and government sectors for its next-generation satellite communication services. The company is moving away from the retail sector, which it views as having limited opportunities in satcom. This shift aims to secure high-value, long-term contracts in the B2B and G2B segments, potentially offering more stable revenue streams and growth opportunities. Nelco's strategy reflects the increasing importance of satellite communication in various sectors and its recognition of growing demand for advanced satcom services in corporate and public sector environments.
18Sept 25
NELCO Addresses Satellite Broadband Rumors, Cites Market Forces for Stock Movement
NELCO, a Tata Group company, has issued a clarification to the BSE regarding media speculation about its potential entry into the satellite broadband sector. The company stated it has not withheld any material information and cannot comment on rumors. NELCO routinely evaluates strategic opportunities but assured that any material developments would be promptly disclosed. The recent stock price movement was attributed to general market conditions. The company reaffirmed its commitment to regulatory compliance and transparent communication with stakeholders.
11Aug 25
Nelco Partners with Eutelsat to Deliver OneWeb LEO Satellite Services Across India
Nelco Ltd., a Tata Group company, has signed an agreement with Eutelsat to provide OneWeb's low Earth orbit (LEO) satellite connectivity services across India. The partnership aims to offer secure, low-latency connectivity for land, sea, and air applications. Services will be available when OneWeb's operations become commercially active in India, covering the country's borders, territorial waters, and remote regions. The collaboration is expected to support various sectors including business, maritime, aviation, and government applications, enhancing India's digital infrastructure and connectivity in underserved areas.
14Jul 25
Nelco Ltd: Q1 Profit Plunges 60%, Stock Tumbles
NELCO's Q1 results show flat revenue at ₹74.00 crore, but a 60% drop in net profit to ₹1.80 crore. EBITDA decreased by 36.07% to ₹7.80 crore, with EBITDA margin falling to 10.40% from 16.50%. The stock price fell 5.30% to ₹897.50 following the announcement.
17Jun 25
NELCO Secures National VSAT Virtual Network Operator Authorization
NELCO has obtained a National-level VSAT Virtual Network Operator Authorization from the Department of Telecommunications, expanding its current Unified License. This allows NELCO to operate as a virtual network operator for VSAT services across India, potentially broadening its customer base and market reach. The authorization enhances NELCO's position in the VSAT services market, crucial for providing communication in areas with limited terrestrial networks. This development could lead to an expanded service portfolio, increased market reach, and enhanced competitiveness for NELCO in the satellite communication sector.
25Apr 25
Nelco Reports Q4 FY25 Loss Despite Revenue Growth, Recommends Dividend
Nelco Limited reported a decrease in Q4 FY25 revenue to ₹675.00 crore, down from ₹816.10 crore in Q4 FY24. The company's net loss improved to ₹41.00 crore from ₹61.00 crore year-over-year. For the full fiscal year 2024-25, Nelco's revenue declined to ₹3,048.70 crore from ₹3,203.00 crore in FY24, with net profit dropping to ₹95.30 crore from ₹236.70 crore. Despite challenges, the Board recommended a final dividend of ₹1.00 per share. The company also announced re-appointments of auditors and approved a corporate guarantee for its subsidiary.
24Apr 25
NELCO Reports Q4 FY2024-25 Results: Loss Reduction, Revenue Decline, and Dividend Announcement
NELCO's Q4 FY2024-25 results show a 32.8% reduction in net loss to ₹41.00 crore, but revenue declined by 17.3% to ₹675.00 crore. Annual performance for FY2024-25 saw declines across key metrics, with net profit falling 59.7% to ₹95.30 crore. The company successfully managed an operational challenge due to a satellite outage. A final dividend of ₹1.00 per share was recommended, and key auditor appointments were made.
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675.80
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636.45
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479.70
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267.35
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