Castings & Forgings company Nelcast announced Q1FY26 results Total Revenue stood at Rs 336.0 crore against Rs 302.3 crore in Q1FY25, a growth of 11.1% YoY. EBITDA for Q1FY26 was Rs 32.4 crore a robust growth of 44.3% YoY; margin for Q1FY26 stood at 9.6%. Profit After Tax during witnessed a significant growth of 57.2% YoY; stood at Rs 12.5 crore in Q1FY26. Deepak Reddy Ponnavolu, Managing Director & CEO, Nelcast, said: “We are pleased to report a strong start to FY26, continuing the growth momentum from Q4FY25. The tractor segment saw robust growth, supported by a favourable monsoon, while MHCV and other segments delivered steady performance. Despite early concerns around tariff-related uncertainties in key export markets, we believe the impact will be limited and manageable. Exports grew by 17% YoY to Rs 115 crore, and we remain optimistic about long-term opportunities, especially with the UK FTA expected to shift sourcing preferences to India. Beyond the numbers, FY26 is a transformative year for us, focused on new product development and enhancing utilization across our underutilized facilities. I am proud to share that we have successfully developed the single largest product in company’s history an impressive 500 kg casting which has been submitted for customer approval. Several other new product samples are also in progress, setting the stage for meaningful growth in FY27 and FY28. Our margins have strengthened significantly, with EBITDA per kg rising 24% YoY to Rs 14.7 per kg, reaffirming our guidance to reach Rs 15 per kg by the end of FY26. While FY25 was a year of consolidation, FY26 is about building a strong foundation for the future. We remain committed to delivering long-term value to our shareholders and are excited about the opportunities that lie ahead” Result PDF