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NELCO Ltd Q1FY24; 21% rise in Profits

Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions

Financial Results:

NELCO Ltd reported Revenues for Q1FY24 of ₹78.80 Crores down from ₹81.68 Crore year on year, a fall of 3.53%.

Total Expenses for Q1FY24 of ₹71.12 Crores down from ₹75.30 Crores year on year, a fall of 5.55%.

Consolidated Net Profit of ₹5.73 Crores up 21.4% from ₹4.72 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.51, up 21.26% from ₹2.07 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: electronics
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