NELCO

Jan 22 (Reuters) - Nelco Ltd NELC.NS:

• TAX LIABILITY MAY REDUCE TO 49.7 MILLION RUPEES UNDER DIRECT TAX VIVAD SE VISHWAS SCHEME

Source text: ID:nNSE8Hzjtc

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** Shares of Nelco NELC.NS shed 2.2% to 1,174.80 rupees

** Communications and networking services firm's Q3 consol net profit drops 19.5% Y/Y; rev from ops down 3% Y/Y

** NELC was down 0.3% before results

** Stock gained ~59% in 2024

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Nelco NELC.NS fall as much as 8.8% to 876.2 rupees, lowest since Aug. 16

** Communications and networking services firm posted a 28% fall in Q2 consolidated net profit

** Co hurt by a 14% surge in expenses

** Stock up 16% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of satellite communications firm Nelco NELC.NS fall 2.2% to 881.2 rupees

** Co's June-qtr consol net profit fell ~20% while total income dipped ~6%

** NELC on track for third straight session of losses

** Stock up ~11% YTD

(Reporting by Dimpal Gulwani in Bengaluru)

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July 1 (Reuters) - Nelco Ltd NELC.NS:

• NELCO - GOT TAX ORDER FOR DEMAND OF 20.4 MILLION RUPEES

Source text for Eikon: ID:nBSE3q6Xgf

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Jan 15 (Reuters) - Nelco Ltd NELC.NS:

• INDIA'S NELCO DEC-QUARTER CONSOL NET PROFIT 61.5 MILLION RUPEES VERSUS PROFIT 50 MILLION RUPEES

• NELCO DEC-QUARTER CONSOL INCOME FROM OPERATIONS 832.4 MILLION RUPEES VERSUS 742.3 MILLION RUPEES

Source text for Eikon: ID:nBSE9NZLkP

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Oct 16 (Reuters) - Nelco Ltd NELC.NS:

• SEPT-QUARTER CONSOL NET PROFIT 56.9 MILLION RUPEES VERSUS PROFIT 44.7 MILLION RUPEES

• SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 766.5 MILLION RUPEES VERSUS 754.4 MILLION RUPEES

Source text for Eikon: ID:nBSE7gQCZd

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Sept 25 (Reuters) - Nelco Ltd NELC.NS:

• NELCO FURTHER SUBSCRIBED 3,633 EQUITY SHARES OF FACE VALUE OF 10 RUPEES EACH OF PISCIS NETWORKS VIA RIGHTS ISSUE

• NELCO FURTHER SUBSCRIBED SHARES OF PISCIS NETWORKS FOR 20 MILLION RUPEES

Source text for Eikon: ID:nBSE5JDkpc

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July 20 (Reuters) - Nelco Ltd NELC.NS:

• JUNE-QUARTER CONSOL NET PROFIT 57.3 MILLION RUPEES VERSUS PROFIT 47.2 MILLION RUPEES

• JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 788 MILLION RUPEES VERSUS 816.8 MILLION RUPEES

Source text for Eikon: ID:nBSE7lYrHy

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June 7 (Reuters) - Nelco Ltd NELC.NS:

• ANNOUNCES INVESTMENT TO ENHANCE ITS PORTFOLIO OF SATELLITE COMMUNICATION SOLUTIONS

• ANNOUNCED ITS INVESTMENT IN PISCIS NETWORKS

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** Shares of Nelco Ltd NELC.NS rise as much as 6.6% to 675 rupees, sees biggest intraday pct gain since April 25

** Stock touches its highest level since April 27, on track for a second consecutive session of gains, if trends hold

** Co on Monday said it agreed to buy 9.09% of Piscis Networks Private Limited with an initial investment of nearly 10 mln rupees

** Co to make further investment to increase its shareholding in Piscis Networks up to at least 30%

** As of last close, stock down ~11% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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June 5 (Reuters) - Nelco Ltd NELC.NS:

• ENTERED INTO AGREEMENT TO ACQUIRE 9.09% STAKE OF PISCIS NETWORKS

• ALSO ENTERED INTO AGREEMENT TO MAKE FURTHER INVESTMENT TO INCREASE CO’S SHAREHOLDING UPTO ATLEAST 30% IN PISCIS NETWORKS

• COST OF ACQUISITION WORTH INITIAL INVESTMENT OF ABOUT 10 MILLION RUPEES

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** Shares of Nelco Ltd NELC.NS rise as much as 12.3% to 616.45 rupees, highest since March 6

** Network systems solutions firm reports March-qtr consol. net profit up 87% to 56.6 mln rupees ($691,314.60)

** Tata Group owned company's qrtly income from operations up 14.4% to 819.8 mln rupees

** Stock traded above its 50-day moving average for the first time since October

** Trading volume at ~780,000 shares as of 9:35 a.m. IST

** Up to last close, stock was down 22.8% so far this year

($1 = 81.8730 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

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