Nelcast Turns The Casting Wheel: March Quarter Delivers Solid Top Line, Modest Profit

Nelcast Ltd, India’s largest jobbing foundry for ductile and grey iron castings, announced its audited consolidated financial results for the quarter ended March 31, 2026. The company supplies critical castings to commercial vehicles, tractors, railways, and industrial machinery, and continues to show resilience in a competitive auto component market.

Revenue Performance

Nelcast reported ₹3.68 billion consolidated revenue from operations in Q4 FY26. This growth was driven by strong demand from OEMs in the commercial vehicle and tractor segments, alongside steady export orders that contributed to topline expansion.

Profitability Trends

Consolidated net profit stood at ₹152.7 million for the March quarter. Margins remained stable despite higher raw material costs, supported by operational efficiency and product diversification. Compared to the previous year, profitability showed consistency, underscoring Nelcast’s ability to sustain earnings in a challenging environment.

Industry Context

India’s auto component industry continues to benefit from rising domestic vehicle sales and export opportunities. Nelcast, with its strong presence in heavy-duty castings, is well-positioned to capture growth in both domestic and international markets. Analysts expect demand for ductile iron castings to remain robust as infrastructure and agriculture sectors expand.

Earnings Highlights

•⁠  ⁠Consolidated revenue from operations: ₹3.68 billion in March 2026 quarter

•⁠  ⁠Consolidated net profit: ₹152.7 million in March 2026 quarter

•⁠  ⁠Strong demand from commercial vehicle and tractor segments

•⁠  ⁠Export orders supported topline growth

•⁠  ⁠Margins stable despite higher raw material costs

•⁠  ⁠Industry outlook positive with rising auto and industrial demand

Sources: BSE India filings, Rediff MoneyWiz, Mint, Economic Times