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HomeMarket NewsNELCO Q3 Results: Tata Group firm slips into loss as revenue declines 3%
NELCO reported a net loss of ₹1.2 crore in Q3, reversing a year-ago profit, as revenue declined 3% amid a conservative cost provision linked to labour regulation changes.
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NELCO Ltd reported a net loss of ₹1.19 crore in Q3 FY26, compared with a net profit of ₹4.95 crore in the corresponding quarter last year, as revenue saw a modest decline.
Revenue for the quarter fell 3% year-on-year to ₹78.3 crore, from ₹80.72 crore in the same period a year earlier, reflecting softer operating performance during the period.
The Tata Group company's sales declined 3% to ₹78.30 crore in the quarter ended December as against ₹80.72 crore during the previous quarter.
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Commenting on the results, Managing Director and Chief Executive Officer P.J. Nath said the company had made a conservative cost provision in line with accounting standards, factoring in anticipated changes under new labour regulations. He added that NELCO continues to monitor developments around the final implementation of the labour codes and will make adjustments as required.
Ahead of the earnings announcement, shares of NELCO Limited closed at ₹700.35 on the NSE on Wednesday, down 0.41%.
