- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
During Q3FY25, Nelcast's performance showed mixed results, with exports facing challenges due to ongoing elections in the USA, a key market. Conversely, domestic demand countered the subdued export landscape, notably with the tractor division's revenue contribution increasing from 21% in 9MFY24 to 24% in 9MFY25, buoyed by rural demand. However, the Medium & Heavy Commercial Vehicles (M&HCV) segment aligned with industry trends, reporting slightly lower volumes. Overall revenue for Q3FY25 was ₹297.1 crore, down from ₹323.0 crore in Q3FY24, impacted by weaker exports and M&HCV sales. EBITDA for the quarter was ₹22.9 crore, yielding a margin of 7.7%. Looking ahead, Nelcast is optimistic about FY26, anticipating a rebound in export orders and sustained domestic growth amidst positive market conditions. The focus remains on enhancing export potential while addressing operational efficiencies, presenting a positive outlook for investors.