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Shares of Nelco Ltd ended at ₹669.55, down by ₹15.95, or 2.33%, on the BSE.
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Tata Group company and a satellite communication service provider, Nelco Ltd, on Monday (April 20), reported a net profit of ₹1.1 crore for Q4, compared with a net loss of ₹4.1 crore in the same quarter last year.
Revenue grew 17.3% year-on-year to ₹79.2 crore, up from ₹67.5 crore in the corresponding quarter of the previous year.
The board of directors recommended a final dividend of ₹1 per share (10%) on equity shares with a face value of ₹10 each for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the ensuing annual general meeting.
Also Read: NELCO Q3 Results: Tata Group firm slips into loss as revenue declines 3%
"We would like to inform that the Board of Directors has recommended a final dividend of ₹1/- per share (10%) (face value of ₹10 each) for the financial year ended 31st March 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting of the company," according to a stock exchange filing.
Nelco Ltd holds the VSAT License, Internet Service Provider (ISP) License, as well as the Inflight & Maritime Communication (IFMC) license issued by the Department of Telecommunication, Government of India (DOT). The company offer a range of innovative and customised solutions for businesses and government institutions. Nelco is one of India’s leading VSAT providers.
Shares of Nelco Ltd ended at ₹669.55, down by ₹15.95, or 2.33%, on the BSE.
Also Read: NELCO gets DoT approval to expand satellite services
(Edited by : Jomy Jos Pullokaran)
