NELCAST LTD. - 532864 - General-Updates
General-Updates04-04-2024
NELCAST LTD. - 532864 - Announcement under Regulation 30 (LODR)-Credit Rating
Announcement under Regulation 30 (LODR)-Credit Rating14-03-2024
NELCAST LTD. - 532864 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation04-03-2024
NELCAST LTD. - 532864 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Transcript02-02-2024
Nelcast Q3 FY24 Results Live: Profit Rises by 378.54% YoY
Nelcast Q3 FY24 Results Live: Revenue Decreased by 2.04% YoY & Profit Increased by 378.54% YoY01-02-2024
NELCAST LTD. - 532864 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement under Regulation 30 (LODR)-Newspaper Publication31-01-2024
NELCAST LTD. - 532864 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome30-01-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Nelcast Ltd.
Industrial Products company Nelcast announced Q3FY24 & 9MFY24 results: Financial Highlights Q3FY24 revenue stood at Rs 323.0 crore, representing a decline of 3.2% YoY and a 10.9% decrease QoQ. EBITDA for Q3FY24 was Rs 28.2 crore, an increase of 32.5% YoY but a decrease of 21.7% QoQ. EBITDA margin for the same period was noted at 8.7%. PAT for Q3FY24 reached Rs 25.5 crore. EBITDA/kg in 9MFY24 was Rs 13.0, reflecting a YoY increase of 9%. Exports revenue in 9MFY24 was Rs 339 crore, marking a 38% YoY increase. Sector-wise Revenue Breakdown for 9MFY24 M&HCV; (Medium & Heavy Commercial Vehicles): 38% Tractors: 21% Exports: 35% Railways: 3% Off-highway equipment: 2% Commenting on the performance, Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said “Our export segment reported a strong growth however, the revenue growth was dragged due to subdued performance of the M&HCV; and tractors segments. I’m happy to share that our revenues from exports reached Rs 339 crore in 9MFY24, surpassing what we did for the entire FY23. We expect to sustain our quarterly run rate of Rs 100 crore and are confident of achieving our target of Rs 400 crore of revenue from exports in FY24. With new product launches scheduled for the first half of FY25, we expect this to further boost our revenues and profitability. EBITDA/kg stood at Rs 13/kg in 9MFY24, an increase of 9% YoY, and is in line with our target of Rs 12/kg in FY24. Stabilization of raw material prices, improved efficiency and increased export sales have been key contributors to this improvement. FY25 is expected to be a strong year driven by exports and pick-up in the M&HCV; segment with minimal growth anticipated from the tractor segment. We also foresee margin expansion as we optimize capacity utilization, ultimately enhancing operational efficiency through economies of scale.” Result PDF30-01-2024
