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.