Nelcast Ltd

Nelcast Ltd’s H1FY26 Update: Steady Revenue, Export Challenges & High-Value Growth Ahead 🔍📊

- H1FY26 revenue: ₹639 Cr (vs. ₹637.4 Cr in H1FY25).

- Q2FY26 revenue dipped to ₹303 Cr (from ₹335 Cr YoY) due to export slowdown.

- H1FY26 EBITDA rose to ₹53.7 Cr (8.4% margin) from ₹48.4 Cr YoY.

- Q2FY26 EBITDA fell to ₹21.4 Cr (7.0% margin) vs. ₹26 Cr YoY.

- H1FY26 PAT grew 23% YoY to ₹17.3 Cr (adjusted for exceptions).

- Q2FY26 PAT dropped to ₹4.8 Cr (vs. ₹9.8 Cr in Q2FY25, which included exceptions).

- Exports impacted by U.S. slowdown/tariffs; domestic demand stable.

- High-value castings for exports under development; commercial sales expected H1FY27.

- Market recovery anticipated by FY26-end.

- 30-35% of revenue comes from exports (M&HCV & tractor industries).

- Production capacity: 160,000 tonnes/year across TN & AP plants.