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NELCO reports over 3-fold jump in Q2 consolidated net profit

NELCO reports over 3-fold jump in Q2 consolidated net profit

NELCO has reported results for second quarter ended September 30, 2018.

The company has reported around 4-fold jump in its net profit at Rs 9.61 crore for the quarter under review as compared to Rs 2.49 crore for the same quarter in the previous year. Total income of the company increased marginally by 0.81% at Rs 8.69 crore for Q2FY19 as compared Rs 8.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a jump of over 3-fold in its net profit at Rs 10.09 crore for the quarter under review as compared to Rs 2.85 crore for the same quarter in the previous year. Total consolidated income of the company increased by 19.99% at Rs 46.33 crore for Q2FY19 as compared Rs 38.61 crore for the corresponding quarter previous year.

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