{"id":151036,"date":"2023-08-03T07:19:58","date_gmt":"2023-08-03T11:19:58","guid":{"rendered":"https:\/\/44.250.171.167\/?p=151036"},"modified":"2023-08-03T07:20:00","modified_gmt":"2023-08-03T11:20:00","slug":"nelcast-ltd-q1fy24-8-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/nelcast-ltd-q1fy24-8-fall-in-profits\/","title":{"rendered":"Nelcast Ltd Q1FY24; 8% fall in Profits"},"content":{"rendered":"\n<p>Nelcast Ltd, incorporated in 1982, manufactures Iron Castings. The Co. has manufacturing plants at Gudur and Pedapariya in Andhra Pradesh, and Ponneri in Tamil Nadu. It manufactures grey and ductile castings for the M&amp;HCV and tractor industry segments. It also supplies ribbed plates and brake discs used in metro rail projects and railways.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Nelcast Ltd reported Revenues for Q1FY24 of \u20b9292.77 Crores down from \u20b9295.25 Crore year on year, a fall of 0.84%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9287.18 Crores down from \u20b9288.67 Crores year on year, a fall of 0.52%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b97.18 Crores down 7.59% from \u20b97.77 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b90.83, down 6.74% from \u20b90.89 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123-839x1024.png\" alt=\"\" class=\"wp-image-151039\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-123.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nelcast Ltd, incorporated in 1982, manufactures Iron Castings. The Co. has manufacturing plants at Gudur and Pedapariya in Andhra Pradesh, and Ponneri in Tamil Nadu. It manufactures grey and ductile castings for the M&amp;HCV and tractor industry segments. It also supplies ribbed plates and brake discs used in metro rail projects and railways. Financial Results: [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[12561],"class_list":["post-151036","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-iron-castings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":151962,"url":"https:\/\/alphastreet.com\/india\/electrosteel-castings-ltd-q1fy24-21-fall-in-profits\/","url_meta":{"origin":151036,"position":0},"title":"Electrosteel Castings Ltd Q1FY24; 21% fall in Profits","author":"Divyansh_Kasana","date":"August 9, 2023","format":false,"excerpt":"Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron. Financial Results: Electrosteel Castings Ltd reported Revenues for Q1FY24 of \u20b91,685.00 Crores down from \u20b91,767.00 Crore year on year, a fall of 4.64%.\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-430.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":153924,"url":"https:\/\/alphastreet.com\/india\/jayaswal-neco-industries-ltd-q1fy24-22-rise-in-profits\/","url_meta":{"origin":151036,"position":1},"title":"Jayaswal Neco Industries Ltd Q1FY24; 22% rise in Profits","author":"Hardik Bhandare","date":"August 15, 2023","format":false,"excerpt":"Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1078.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149819,"url":"https:\/\/alphastreet.com\/india\/sundaram-clayton-ltd-q1fy24-25-rise-in-profits\/","url_meta":{"origin":151036,"position":2},"title":"Sundaram Clayton Ltd Q1FY24; 25% rise in Profits","author":"Chirag Gupta","date":"July 25, 2023","format":false,"excerpt":"Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. 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