Nelco Limited Announces FY26 Results: Operations Remain Steady Amid Exceptional Adjustments

Nelco Limited (NSE: NELCO), a Tata Enterprise and a leading provider of satellite communication (SatCom) services, has released its audited consolidated financial results for the quarter and full fiscal year ended March 31, 2026. The results reflect a consistent performance in core operations, despite net profit being impacted by an exceptional item and tax adjustments earlier in the year.

Nelco remains at the forefront of India's growing satellite connectivity market, providing critical communication infrastructure for maritime, aero, and remote industrial sectors.

Annual Financial Performance (FY26 vs. FY25)

The company's full-year performance highlights stable operational revenue:

Total Income: Remained flat at ₹31,096 lakh, compared to ₹31,005 lakh in the previous fiscal year.

Income from Operations: Stood at ₹30,660 lakh, showing marginal growth over the ₹30,487 lakh reported in FY25.

Net Profit for the Year: Reported at ₹332 lakh, down from ₹953 lakh in the previous year. This decline is largely attributed to an exceptional item of ₹381 lakh and changes in tax expenses.

Earnings Per Share (EPS): Basic and diluted EPS for the year stood at ₹1.45, compared to ₹4.18 in FY25.

Quarterly Momentum (Q4FY26)

The final quarter of the year showed a positive recovery in profitability compared to the preceding quarter:

Quarterly Income: Total income for Q4FY26 was ₹8,111 lakh, a sequential increase from ₹7,888 lakh in Q3FY26.

Quarterly Net Profit: The company posted a net profit of ₹109 lakh for the March quarter, successfully bouncing back from a loss of ₹119 lakh in the preceding December quarter.

Operating Expenses: Quarterly operating expenses stood at ₹3,917 lakh, reflecting the ongoing costs of satellite bandwidth and network management.

Nelco operates in a highly technical and capital-intensive domain. Its revenue is primarily driven by VSAT (Very Small Aperture Terminal) services and satellite-based data connectivity.

Key Revenue Pillars for Nelco:

Maritime Communication: Providing high-speed internet to vessels in Indian waters.

In-Flight Connectivity (IFC): Enabling Wi-Fi and data services for airlines.

Enterprise VSAT: Supporting ATMs, petrol pumps, and remote mining sites where terrestrial fiber is unavailable.

Shares of NELCO Limited was last trading in BSE at Rs. 675.15 as compared to the previous close of Rs. 685.50. The total number of shares traded during the day was 15678 in over 964 trades.

The stock hit an intraday high of Rs. 697.05 and intraday low of 665.55. The net turnover during the day was Rs. 10702497.00.