Net loss of Nelcast reported to Rs 8.40 crore in the quarter ended June 2020 as against net profit of Rs 6.99 crore during the previous quarter ended June 2019. Sales declined 65.38% to Rs 65.31 crore in the quarter ended June 2020 as against Rs 188.67 crore during the previous quarter ended June 2019.

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Nelcast will hold a meeting of the Board of Directors of the Company on 12 August 2020.

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Net profit of Nelcast rose 263.33% to Rs 22.89 crore in the quarter ended March 2020 as against Rs 6.30 crore during the previous quarter ended March 2019. Sales declined 28.03% to Rs 125.47 crore in the quarter ended March 2020 as against Rs 174.33 crore during the previous quarter ended March 2019.

For the full year,net profit declined 6.32% to Rs 36.01 crore in the year ended March 2020 as against Rs 38.44 crore during the previous year ended March 2019. Sales declined 33.81% to Rs 566.76 crore in the year ended March 2020 as against Rs 856.27 crore during the previous year ended March 2019.

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Net profit of Nelcast declined 70.59% to Rs 2.70 crore in the quarter ended December 2019 as against Rs 9.18 crore during the previous quarter ended December 2018. Sales declined 46.72% to Rs 124.50 crore in the quarter ended December 2019 as against Rs 233.66 crore during the previous quarter ended December 2018.

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