Integrated Filing — IndAS



General information about company

Scrip Code 504112
NSE Symbol NELCO
MSEI Symbol NOTLSITED
ISIN INE045B01015
Name of company Nelco Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 17-10-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 13-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Network System
Start date and time of board meeting 17-10-2025   12:30:00
End date and time of board meeting 17-10-2025   14:55:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 06-06-2025
Indicate Company website link for updated RPT policy of the Company https://www.nelco.in/pdf/Policies/Related%20Party%20Transaction%20Policy.pdf?csrt=8923404496720299286
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicale



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 4,862.00 9,549.00
Other income 114.00 182.00
Total income 4,976.00 9,731.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 781.00 1,534.00
(e) Finance costs 34.00 55.00
(f) Depreciation, depletion and amortisation expense 324.00 637.00
(f) Other Expenses
1 Other Expenses 841.00 1,666.00
2 Operating expenses 2,638.00 5,324.00
Total other expenses 3,479.00 6,990.00
Total expenses 4,618.00 9,216.00
3 Total profit before exceptional items and tax 358.00 515.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 358.00 515.00
6 Tax expense
7 Current tax 280.00 396.00
8 Deferred tax (193.00) (268.00)
9 Total tax expenses 87.00 128.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 271.00 387.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 271.00 387.00
17 Other comprehensive income net of taxes (6.00) (31.00)
18 Total Comprehensive Income for the period 265.00 356.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,282.00 2,282.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.19 1.7
Diluted earnings (loss) per share from continuing operations 1.19 1.7
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.19 1.7
Diluted earnings (loss) per share from continuing and discontinued operations 1.19 1.7
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 5,546.00
Capital work-in-progress 840.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 420.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 3,299.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 17.00
Total non-current financial assets 3,316.00
Deferred tax assets (net) 2,097.00
Other non-current assets 92.00
Total non-current assets 12,311.00
2 Current assets
Inventories 0.00
Current financial asset
Current investments 0.00
Trade receivables, current 4,023.00
Cash and cash equivalents 2,447.00
Bank balance other than cash and cash equivalents 86.00
Loans, current 16.00
Other current financial assets 61.00
Total current financial assets 6,633.00
Current tax assets (net) 0.00
Other current assets 728.00
Total current assets 7,361.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 19,672.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,282.00
Other equity 10,086.00
Total equity attributable to owners of parent 12,368.00
Non controlling interest
Total equity 12,368.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 796.00
Total non-current financial liabilities 796.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 796.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,050.00
Total Trade payable 1,050.00
Other current financial liabilities 1,100.00
Total current financial liabilities 2,150.00
Other current liabilities 3,584.00
Provisions, current 376.00
Current tax liabilities (Net) 398.00
Deferred government grants, Current 0.00
Total current liabilities 6,508.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 7,304.00
Total equity and liabilites 19,672.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post employment benefit obligations (net of tax) -600000 -3100000
Total Amount of items that will not be reclassified to profit and loss (6.00) (31.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (6.00) (31.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 515.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 47.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (28.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (103.00)
Adjustments for decrease (increase) in other non-current assets 13.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 115.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 424.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 718.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 637.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 35.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (417.00)
Adjustments for other financial liabilities, non-current (3.00)
Adjustments for unrealised foreign exchange losses gains (19.00)
Adjustments for dividend income 0.00
Adjustments for interest income 36.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (58.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,325.00
Net cash flows from (used in) operations 1,840.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 252.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,588.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 40.00
Purchase of property, plant and equipment 248.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 2,000.00
Cash receipts from repayment of advances and loans made to other parties 2,000.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 36.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (10.00)
Net cash flows from (used in) investing activities (182.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 500.00
Repayments of borrowings 500.00
Payments of lease liabilities 69.00
Dividends paid 228.00
Interest paid 47.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (344.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,062.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,062.00
Cash and cash equivalents cash flow statement at beginning of period 1,385.00
Cash and cash equivalents cash flow statement at end of period 2,447.00





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Nelco Limited Tata Power Green Energy Limited Subsidiary of Holding Company Sale of goods or services 0.00 Approved 0.00 0.31 0.27
2 Nelco Limited Poolavadi Windfarm Limited Subsidiary of Holding Company Sale of goods or services 0.33 Approved 0.33 0.79 1.56
3 Nelco Limited Tata Sons Private Limited Promoter Purchase of goods or services 22.24 Approved 22.24 41.91 36.41
4 Nelco Limited Tata Communications Limited Promoter Group Sale of goods or services 49.07 Approved 49.07 11.85 18.82
5 Nelco Limited Tata Communications Limited Promoter Group Purchase of goods or services 286.08 Approved 286.08 11.38 32.13
6 Nelco Limited Tata Teleservices Limited Promoter Group Purchase of goods or services 45.63 Approved 45.63 0.03 0.03
7 Nelco Limited C-edge Technologies Limited Promoter Group Sale of goods or services 406.41 Approved 406.41 278.11 197.74
8 Nelco Limited Tata Teleservices Limited Promoter Group Sale of goods or services 0.00 Approved 0.00 0.26 0.00
9 Nelco Limited Tata Capital Limited Promoter Group Purchase of goods or services 24.00 Approved 24.00 0.00 0.00
10 Nelco Limited Tata Steel Limited Promoter Group Sale of goods or services 25.49 Approved 25.49 99.03 35.36
11 Nelco Limited Tata Technologies Limited Promoter Group Sale of goods or services 186.69 Approved 186.69 110.67 (368.01)
12 Nelco Limited The Indian Hotels Company Limited Promoter Group Purchase of goods or services 1.88 Approved 1.88 0.00 0.00
13 Nelco Limited The Tata Power Company Limited Holding company Dividend paid 114.18 Approved 114.18 0.00 0.00
14 Nelco Limited Tata AIG General Insurance Company Limited Promoter Group Purchase of goods or services 0.70 Approved 0.70 0.00 0.00
15 Nelco Limited TP Southern Odisha Distribution Limited Subsidiary of Holding Company Sale of goods or services 8.73 Approved 8.73 12.50 6.45
16 Nelco Limited Tata 1MG Technologies Pvt Limited Promoter Group Purchase of goods or services 4.20 Approved 4.20 0.29 4.49
17 Nelco Limited Piscis Networks Private Limited Associate Company Investment 0.00 Approved 0.00 303.69 303.69
18 Nelco Limited Piscis Networks Private Limited Associate Company Purchase of goods or services 493.35 Approved 493.35 661.78 488.73
19 Nelco Limited Tata Business Hub Limited Promoter Group Purchase of goods or services 0.00 Approved 0.00 0.63 0.29
20 Nelco Limited The National Radio & Electronics Co. Ltd. Employees Provident Fund Employee Benefit Trust Any other transaction Contribution to Employee Benefit Fund 52.46 Approved 52.46 0.00 0.00
21 Nelco Limited Nelco Network Products Ltd Employees Gratuity Trust Employee Benefit Trust Any other transaction Contribution to Employee Benefit Fund 0.00 Approved 0.00 (14.93) 596.00
22 Nelco Limited Nelco Network Products Limited Subsidiary of Holding Company Investment 0.00 Approved 0.00 2,973.00 2,973.00
23 Nelco Limited P J Nath Key management personnel of entity or parent Remuneration 289.08 Approved 289.08 0.00 0.00
24 Nelco Limited Malav Shah Key management personnel of entity or parent Remuneration 47.90 Approved 47.90 0.00 0.00
25 Nelco Limited Ritesh Kamdar Key management personnel of entity or parent Remuneration 36.88 Approved 36.88 0.00 0.00
26 Nelco Limited A.S. Lakshminarayanan Key management personnel of entity or parent Any other transaction Director sitting fees 0.40 Approved 0.40 0.00 0.00
27 Nelco Limited Ajay Kumar Pandey Key management personnel of entity or parent Any other transaction Director sitting fees 7.05 Approved 7.05 0.00 0.00
28 Nelco Limited Lakshmi Anant Nadkarni Key management personnel of entity or parent Any other transaction Director sitting fees 4.95 Approved 4.95 0.00 0.00
29 Nelco Limited Saurabh Ray Key management personnel of entity or parent Any other transaction Director sitting fees 1.80 Approved 1.80 0.00 0.00
30 Nelco Limited Vijay B Somaiya Key management personnel of entity or parent Any other transaction Director sitting fees 4.50 Approved 4.50 0.00 0.00
31 Nelco Limited Novamesh Limited Promoter Group Purchase of goods or services 58.53 Approved 58.53 0.00 0.00
32 Nelco Limited Piscis Networks Private Limited Associate Company Sale of goods or services 4.80 Approved 4.80 5.66 8.93
33 Nelco Limited Air India Limited Promoter Group Sale of goods or services 0.00 Approved 0.00 745.65 745.65
34 Nelco Limited Air India Limited Promoter Group Purchase of goods or services 0.00 Approved 0.00 126.03 126.03
Total value of transaction during the reporting period 2,177.33