Chennai, India | January 30, 2025 – Nelcast Limited (BSE: 532864, NSE: NELCAST) has reported its unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2024, showcasing robust growth in revenue and profitability.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | 9M FY2025 | 9M FY2024 | FY2024 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 29,140.93 | 33,042.41 | 32,035.57 | 92,193.17 | 97,147.15 | 126,894.25 |
| Total Income | 29,705.50 | 33,502.77 | 32,297.46 | 93,442.21 | 98,200.40 | 128,121.60 |
| Total Expenses | 26,304.12 | 32,363.76 | 30,909.21 | 80,707.54 | 93,659.39 | 123,039.76 |
| EBITDA | 3,401.38 | 1,138.99 | 1,388.25 | 12,734.67 | 4,541.01 | 5,861.63 |
| Profit Before Tax (PBT) | 802.36 | 1,290.24 | 3,117.06 | 3,111.03 | 6,269.82 | 6,861.63 |
| Net Profit (PAT) | 597.69 | 981.65 | 2,553.06 | 2,374.86 | 4,934.56 | 5,441.12 |
| Earnings Per Share (EPS) (₹) | 0.59 | 1.13 | 2.73 | 2.37 | 5.67 | 6.25 |
Key Observations:
- Revenue declined YoY and QoQ, reflecting a softer demand environment.
- Net profit saw a sharp decline compared to the previous year but remains in a profitable position.
- EBITDA margin improvement indicates cost optimization efforts.
- Exceptional gains from land sales contributed significantly to profitability.
Segment Performance
The company operates primarily in the iron castings segment, with all revenue generated from this division.Corporate Announcements
- Leadership Change:
- The board elected a new Chairman, replacing the outgoing Chairman.
- Board Meeting:
- The Board meeting was held on January 30, 2025.
Management Commentary
The company remains committed to improving operational efficiencies and capitalizing on emerging market opportunities. Management highlighted that cost controls and strategic investments will continue to drive stability in the coming quarters.Auditor's Limited Review Report
- Conducted by an independent audit firm.
- No material misstatements found; financial statements comply with applicable accounting standards.
- Consolidated results include the wholly owned subsidiary of the company.
Outlook & Investor Takeaway
- Short-term challenges due to weaker demand are evident.
- Focus on operational efficiencies and strategic cost management remains a priority.
- Market sentiment and future expansion plans will be key drivers of growth in the upcoming quarters.