For the June quarter, Nelco’s revenue remained flat in comparison to the same quarter last year, at ₹74 crore.
The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell 36% on a year-on-year basis to ₹7.8 crore from ₹12.2 crore in the year-ago quarter.
Margins for the quarter also narrowed to 10.4% from 16.5% from the same quarter last year.
Net profit for the quarter declined 60% to ₹1.8 crore from ₹4.5 crore last year.
Nelco shares saw a sharp spike in its trading volume after the results announcement. The stock, which traded below its 20-day average through most parts of the trading session, ended with 2.2 crore shares traded, marginally higher than the 20-day average of 2 crore.
Nelco does not have any analyst coverage.
Shares of Nelco ended 5.3% lower on Monday post the results announcement at ₹897.5. The stock is down 20% in the last one month. The stock is down 40% from its recent high of ₹1,502.
