Nelco reports 8% rise in Q1 consolidated net profit
Date: 19-07-2022Nelco has reported results for first quarter ended June 30, 2022.
The company has reported a fall of 31.91% in its net profit at Rs 2.71 crore for the quarter under review as compared to Rs 3.98 crore for the same quarter in the previous year. However, total income of the company increased by 18.10% at Rs 41.96 crore for Q1FY23 as compared Rs 35.53 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 7.76% in its net profit at Rs 4.72 crore for the quarter under review as compared to Rs 4.38 crore for the same quarter in the previous year. Total income of the company increased by 44.77% at Rs 81.97 crore for Q1FY23 as compared Rs 56.62 crore for the corresponding quarter previous year.