{"id":74688,"date":"2026-04-21T12:36:33","date_gmt":"2026-04-21T07:06:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=74688"},"modified":"2026-04-21T12:36:35","modified_gmt":"2026-04-21T07:06:35","slug":"nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/","title":{"rendered":"NELCO Q4 FY26 Results: Q4 PAT Recovers to \u20b9109 Lakh After Q3 Loss \u2014 FY26 Annual Profit \u20b9332 Lakh Impacted by \u20b9381 Lakh Exceptional Item, Dividend \u20b91\/Share"},"content":{"rendered":"<p>NELCO Limited \u2014 a Tata Group enterprise and India&#8217;s leading satellite communication (SatCom) services provider \u2014 declared its Q4 FY26 and full-year FY26 audited results on April 20, 2026. The final quarter showed a meaningful recovery: NELCO returned to profitability with Q4 FY26 net profit of \u20b9109 lakh, bouncing back from a net loss of \u20b9119 lakh in Q3 FY26. Total income for Q4 was \u20b981.11 crore, up sequentially from \u20b978.88 crore in Q3 FY26.<\/p><p>For the full year FY26, the results present a more sobering picture due to exceptional items. FY26 net profit came in at \u20b9332 lakh \u2014 down significantly from \u20b9953 lakh in FY25. The decline is primarily attributable to an exceptional item of \u20b9381 lakh during the year, and changes in tax expenses. Core operations remained broadly steady, with FY26 total income of \u20b9310.96 crore \u2014 essentially flat versus \u20b9310.05 crore in FY25. The board recommended a final dividend of \u20b91 per equity share for FY26.<\/p><p>Track NELCO on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#NELCO_Q4_FY26_Financial_Results\" title=\"NELCO Q4 FY26 Financial Results\">NELCO Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#SatCom_Operations_Steady_Amid_Capex_Phase\" title=\"SatCom Operations: Steady Amid Capex Phase\">SatCom Operations: Steady Amid Capex Phase<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#Exceptional_Item_Context\" title=\"Exceptional Item Context\">Exceptional Item Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#1_What_was_NELCO_Q4_FY26_net_profit\" title=\"1. What was NELCO Q4 FY26 net profit?\">1. What was NELCO Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#2_Why_did_NELCOs_FY26_annual_profit_decline_sharply\" title=\"2. Why did NELCO&#8217;s FY26 annual profit decline sharply?\">2. Why did NELCO&#8217;s FY26 annual profit decline sharply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#3_What_is_NELCOs_business\" title=\"3. What is NELCO&#8217;s business?\">3. What is NELCO&#8217;s business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#4_What_dividend_did_NELCO_declare\" title=\"4. What dividend did NELCO declare?\">4. What dividend did NELCO declare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#5_What_was_the_NELCO_Q3_FY26_performance\" title=\"5. What was the NELCO Q3 FY26 performance?\">5. What was the NELCO Q3 FY26 performance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#6_How_is_NELCO_positioned_in_the_satellite_market\" title=\"6. How is NELCO positioned in the satellite market?\">6. How is NELCO positioned in the satellite market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#7_When_do_TCS_announce_Q4_results\" title=\"7. When do TCS announce Q4 results?\">7. When do TCS announce Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#8_Is_NELCO_a_good_investment\" title=\"8. Is NELCO a good investment?\">8. Is NELCO a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/nelco-q4-fy26-results-recovery-q4-profit-fy26-exceptional-item\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NELCO_Q4_FY26_Financial_Results\"><\/span><strong>NELCO Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Total Income<\/td><td>\u20b978.88 Cr<\/td><td>\u2014<\/td><td>\u20b981.11 Cr (+3% QoQ)<\/td><\/tr><tr><td>Net Profit \/ Loss<\/td><td>\u20b9(119) Lakh (Loss)<\/td><td>\u2014<\/td><td>\u20b9109 Lakh (Profit)<\/td><\/tr><tr><td>Operating Expenses<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b939.17 Cr<\/td><\/tr><tr><td>FY26 Total Income<\/td><td>\u2014<\/td><td>FY25: \u20b9310.05 Cr<\/td><td>\u20b9310.96 Cr (Flat)<\/td><\/tr><tr><td>FY26 Net Profit<\/td><td>\u2014<\/td><td>FY25: \u20b9953 Lakh<\/td><td>\u20b9332 Lakh (\u219365.1%)<\/td><\/tr><tr><td>FY26 EPS (Basic)<\/td><td>\u2014<\/td><td>\u20b94.18<\/td><td>\u20b91.45<\/td><\/tr><tr><td>Exceptional Item<\/td><td>\u2014<\/td><td>Nil<\/td><td>\u20b9381 Lakh (Hit FY26)<\/td><\/tr><tr><td>Dividend<\/td><td>\u2014<\/td><td>\u2014<\/td><td>\u20b91\/share (Final FY26)<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: NELCO audited consolidated results, EquityBulls, BSE\/NSE filing April 20, 2026.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SatCom_Operations_Steady_Amid_Capex_Phase\"><\/span><strong>SatCom Operations: Steady Amid Capex Phase<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>NELCO operates in India&#8217;s satellite communications market across three core verticals: maritime connectivity for vessels, aero connectivity for aviation, and remote industrial connectivity for oil &amp; gas, mining, and utility companies. The business is capital-intensive \u2014 satellite bandwidth leasing, ground station operations, and customer premise equipment are significant ongoing costs. Operating expenses for Q4 were \u20b939.17 crore, reflecting steady satellite bandwidth and network management costs.<\/p><p>The FY26 revenue stability (essentially flat YoY at \u20b9311 crore) reflects a consolidation phase as the company manages existing contracts while investing in the buildout of next-generation VSAT and Low Earth Orbit (LEO) satellite connectivity solutions. India&#8217;s satcom regulatory environment is evolving with TRAI recommendations on spectrum allocation and Starlink&#8217;s pending India approval \u2014 factors that could significantly impact NELCO&#8217;s competitive positioning in FY27 and beyond.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exceptional_Item_Context\"><\/span><strong>Exceptional Item Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The FY26 annual PAT of \u20b9332 lakh versus \u20b9953 lakh in FY25 is primarily explained by an exceptional item of \u20b9381 lakh \u2014 a non-recurring charge that dragged annual profitability significantly. Without this item, core operating profitability would have been more comparable to FY25. The Q4 FY26 return to quarterly profitability (\u20b9109 lakh from a Q3 loss of \u20b9119 lakh) suggests the exceptional item burden is now cleared and operational momentum is positive heading into FY27.<\/p><p>Screen NELCO fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>NELCO&#8217;s Q4 FY26 results show a business that is operationally stable but undergoing a year of exceptional disruption that has compressed annual profitability. The Q4 quarterly turnaround from a loss to \u20b9109 lakh profit is directionally positive. FY27 will be important: if NELCO can sustain revenue growth and avoid further exceptional items, the core operating profitability should recover toward FY25 levels. The Tata Group backing provides strategic stability in a sector where capex requirements are significant.<\/p><p>For more Q4 FY26 results, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_NELCO_Q4_FY26_net_profit\"><\/span><strong>1. What was NELCO Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>\u20b9109 lakh \u2014 a recovery from a net loss of \u20b9119 lakh in Q3 FY26. Q4 revenue was \u20b981.11 crore.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_did_NELCOs_FY26_annual_profit_decline_sharply\"><\/span><strong>2. Why did NELCO&#8217;s FY26 annual profit decline sharply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>FY26 full-year PAT was \u20b9332 lakh, down from \u20b9953 lakh in FY25 \u2014 primarily due to an exceptional item of \u20b9381 lakh and changes in tax expenses. Core operations remained broadly stable with revenue flat at \u20b9311 crore.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_NELCOs_business\"><\/span><strong>3. What is NELCO&#8217;s business?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>NELCO provides satellite communication (SatCom) services for maritime, aviation, and remote industrial sectors. It is a Tata Group enterprise and one of India&#8217;s largest VSAT service providers.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_dividend_did_NELCO_declare\"><\/span><strong>4. What dividend did NELCO declare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The board recommended a final dividend of \u20b91 per equity share for FY26, subject to shareholder approval at the AGM.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_was_the_NELCO_Q3_FY26_performance\"><\/span><strong>5. What was the NELCO Q3 FY26 performance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>NELCO reported a net loss of \u20b9119 lakh in Q3 FY26 with revenue of \u20b978.88 crore. The Q4 FY26 recovery to \u20b9109 lakh profit signals improved performance in the final quarter.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_How_is_NELCO_positioned_in_the_satellite_market\"><\/span><strong>6. How is NELCO positioned in the satellite market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>NELCO serves maritime, aero, and remote industrial sectors with VSAT services. The India SatCom market is evolving with LEO constellation entrants (Starlink, OneWeb) pending regulatory approvals \u2014 creating both risk and opportunity for established players like NELCO.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results\"><\/span><strong>7. When do TCS announce Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_NELCO_a_good_investment\"><\/span><strong>8. Is NELCO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>NELCO&#8217;s FY26 was impacted by an exceptional item; underlying operations are stable. The Tata Group backing and SatCom market growth are long-term positives. Key risks: LEO satellite competition and capex requirements. At current valuations, monitor FY27 revenue trajectory. Consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only. All financial data sourced from publicly available NSE\/BSE filings and news sources. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/vrl-logistics-q4-results-2026-2\">VRL Logistics Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vraj-iron-and-steel-q4-results-2026\">Vraj Iron and Steel Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltas-q4-results-2026\">Voltas Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltamp-transformers-q4-results-2026\">Voltamp Transformers Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vodafone-idea-q4-results-2026\">Vodafone Idea Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NELCO Limited \u2014 a Tata Group enterprise and India&#8217;s leading satellite communication (SatCom) services provider \u2014 declared its Q4 FY26 and full-year FY26 audited results on April 20, 2026. The final quarter showed a meaningful recovery: NELCO returned to profitability with Q4 FY26 net profit of \u20b9109 lakh, bouncing back from a net loss of<\/p>\n","protected":false},"author":23,"featured_media":74691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-74688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776755216:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["67"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["NELCO Q4 FY26 Results: Q4 Profit \u20b9109 Lakh \u2014 Recovery from Q3 Loss, FY26 Annual PAT \u20b9332 Lakh Impacted by Exceptional Item, Dividend \u20b91"],"rank_math_description":["NELCO Q4 FY26 results: Q4 PAT \u20b9109 lakh (recovery from Q3 loss of \u20b9119 lakh). 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