Nelco, the Tata Group’s satellite communication services company, reported a 6.79% year-on-year increase in consolidated profit after tax to ₹1.73 crore in the September quarter of FY27, compared with ₹1.62 crore in the corresponding quarter last year.
Revenue from operations rose 5.1% year-on-year to ₹78.14 crore from ₹74.33 crore in the year-ago period. Total expenses increased 3.23% to ₹69.02 crore from ₹66.86 crore. The company’s earnings before interest, tax, depreciation and amortisation grew 22% year-on-year to ₹9.1 crore from ₹7.5 crore.
EBITDA margin expanded to 11.7% from 10% a year earlier. Sequential performanceOn a quarter-on-quarter basis, Nelco’s consolidated revenue from operations declined 2.36% from ₹80.03 crore in the June quarter. Total expenses fell 3.75% from ₹71.71 crore.
Consolidated PAT decreased 26.07% from ₹2.34 crore in the preceding quarter to ₹1.73 crore in the September quarter. through compulsorily convertible debentures . The strategic investment aims to establish a long-term partnership for satellite-based direct-to-device , Internet of Things and related communication services in India and other markets.
The CCDs carry a 7% annual compounded return and are convertible into equity shares of Lunar. Nelco shares closed 5.16% lower at ₹782 on October 19. The stock has gained 8.08% year-to-date but has declined 7.61% over the past week and 15.95% over the past month.
It has fallen 8.94% in the past three months, while gaining 17.38% over six months. Over the longer term, the stock has declined 11.17% in one year, 20.73% in two years, 0.73% in three years and 10.57% in five years.