GENERAL19 Oct 2026
Nelco Q2 profit up 7% as margins widen
Nelco, the Tata Group's satellite communications arm, posted a 6.79% year-on-year rise in consolidated profit after tax to ₹1.73 crore for the September quarter of FY27. Revenue grew 5.1% to ₹78.14 crore, though profit fell 26% from the June quarter. The company put $20 million into Lunar Holdco in August for satellite direct-to-device and IoT work.
Key Statutory Highlights
- Revenue from operations rose 5.1% year on year to ₹78.14 crore in the September quarter, from ₹74.33 crore a year earlier.
- Earnings before interest, tax, depreciation and amortisation grew 22% to ₹9.1 crore, and the margin widened to 11.7% from 10%.
- Quarter on quarter, profit fell 26.07% from ₹2.34 crore and revenue slipped 2.36% from ₹80.03 crore.
Actionable Advice for Taxpayers / Founders:Watch the Lunar Holdco debentures: Nelco put in $20 million on 17 August, they carry a 7% annual compounded return, and they convert into Lunar equity.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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