However, total income stood rose 1.57% year on year to Rs 75.36 crore in the first quarter of FY26.

Profit before tax tanked 60.70% year on year (YoY) to Rs 2.40 crore during the quarter under review.

Total expenses rose 8.56% YoY to Rs 67.05 crore in Q1 FY26, compared with Rs 61.76 crore in Q1 FY25, and purchase of stock-in-trade was at Rs 6.42 crore (up 15.67% YoY) during the quarter.

On a standalone basis, the company’s net profit tanked 71.91% to Rs 1.16 crore in Q1 FY26 as against Rs 4.13 crore in Q1 FY25. Total income declined 10.93% year on year to Rs 47.55 crore in Q1 FY26.

Nelco provides domestic satellite communication services to close user group networks.