Net profit of NELCO rose 11.17% to Rs 1.99 crore in the quarter ended June 2017 as against Rs 1.79 crore during the previous quarter ended June 2016. Sales rose 9.80% to Rs 37.20 crore in the quarter ended June 2017 as against Rs 33.88 crore during the previous quarter ended June 2016.

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Net profit of NELCO rose 25.56% to Rs 1.67 crore in the quarter ended June 2017 as against Rs 1.33 crore during the previous quarter ended June 2016. Sales rose 62.09% to Rs 37.20 crore in the quarter ended June 2017 as against Rs 22.95 crore during the previous quarter ended June 2016.

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NELCO will hold a meeting of the Board of Directors of the Company on 24 July 2017, to inter alia consider and take on record the Unaudited Stand alone and Consolidated Financial Results of the Company for the Quarter ended 30th June 2017.

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Meanwhile, the S&P BSE Sensex was up 218.79 points, or 0.7% at 31,502.43. The S&P BSE Small-Cap index was up 111.78 points, or 0.71% at 15,808.05.

High volumes were witnessed on the counter. On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 62,241 shares in the past one quarter. The stock had hit a high of Rs 103.70 and a low of Rs 99.45 so far during the day. The stock had hit a 52-week high of Rs 109.45 on 21 June 2017 and a 52-week low of Rs 68.40 on 22 November 2016.

The stock had outperformed the market over the past one month till 21 June 2017, advancing 28.24% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter advancing 32.1% as against the Sensex's 6.1% rise. The scrip had, however, underperformed the market over the past one year advancing 2.73% as against the Sensex's 16.67% rise.

The small-cap company has equity capital of Rs 22.82 crore. Face value per share is Rs 10.

Shares of Nelco had rallied 28.72% in the preceding two trading sessions to settle at Rs 103.30 yesterday, 21 June 2017, from its close of Rs 80.25 on 19 June 2017.

Nelco's consolidated net profit fell 57.21% to Rs 0.98 crore on 1.37% increase in net sales to Rs 36.99 crore in Q4 March 2017 over Q3 December 2016.

Nelco offers solutions in the areas of integrated security & surveillance, VSAT connectivity (Tatanet VSAT), managed services, satcom projects and meteorological solutions. The company offers a range of innovative and customized solutions for businesses and government institutions under one roof.

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