Nelcast Limited — Updates, 07-11-2024: Press Release

Nelcast Ltd reported unaudited financial results for Q2 and H1 FY25, with total revenue of Rs. 335 crores and Rs. 637.4 crores, respectively, showing a decline due to reduced domestic vehicle demand and a slowdown in U.S. exports. EBITDA for Q2FY25 was Rs. 26 crores, with a margin of 7.8%. Despite the current challenges, the company anticipates improved demand in Q1FY26, driven by recovering export markets and ongoing product development efforts.