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Nelcast Ltd has reported its financial results for the third quarter and nine months of FY25. Total revenue for the quarter reached Rs. 297.1 Crores, down from Rs. 323.0 Crores in Q3FY24, while revenue for the nine-month period was Rs. 934.4 Crores compared to Rs. 982.0 Crores last year. EBITDA for Q3FY25 stood at Rs. 22.9 Crores with an EBITDA margin of 7.7%, affected by a decline in export sales. The Profit After Tax for the quarter was Rs. 6.0 Crores, significantly lower than Rs. 25.5 Crores from the prior year, reflecting the impact of macro-economic challenges.
Despite a 6% year-over-year decline in exports during the first nine months, the domestic market is showing recovery, particularly in the tractor segment. The company’s strong focus on business development may lead to an increased order pipeline, supported by domestic demand boost from infrastructure projects and e-commerce growth. Investors should adopt a positive outlook, considering the company's robust order visibility and diverse product portfolio.