Industrial Products company Nelcast announced H1FY25 & Q2FY25 results Total Revenue was Rs 335 crore in Q2FY25 compared to Rs 362.6 crore reported in Q2FY24. Revenue during H1FY25 stood at Rs 637.4 crore against Rs 659.0 reported in H1FY24. The topline remained muted amid subdued domestic and export demand for CVs. EBITDA stood at Rs 26.0 crore with an EBITDA margin of 7.8% in Q2FY25. EBITDA for H1FY25 stood at Rs 48.4 crore compared to Rs 59.0 crore in H1FY24, with an EBITDA margin of 7.6%. The Profit After Tax stood at Rs 9.8 crore in Q2FY25 and Rs 17.8 crore in H1FY25. Sector-wise Revenue: In H1FY25, largest share was contributed by Exports making up 36% of the total revenue, followed by M&HCV; 34%, Tractors 25%, Railways 1%, Off-highway equipment 3%, and Others 1%. In H1FY24, M&HCV; contributed 37% to revenue, Tractors 23%, Exports 34%, Railways 3%, Offhighway equipment 2%, and Others 1%. Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said: “As we review the Q2FY25, Nelcast has faced some challenging market conditions. The subdued performance this quarter is largely attributable to a dip in domestic commercial vehicle demand and a slowdown in our key export market, the United States, amidst its presidential elections. Additionally, the domestic tractor market has remained stagnant, further impacting our sales volumes and revenue realizations. Despite these short-term obstacles, we remain steadfast in our long-term vision. Our new product development is progressing as anticipated, aligning with our strategic goals. We are confident that these innovations will lead to securing orders by the end of FY25. This commitment to product excellence and customer satisfaction continues to be the cornerstone of our business philosophy. Looking to the future, we are optimistic about the recovery of demand in Q1FY26. With the US elections concluding, we expect a rebound in export demand, particularly as new emission norms come into play, which we believe will drive growth. Moreover, our efforts to tap into new export markets are gaining momentum, setting the stage for a robust FY26 and beyond. This year has been one of consolidation, but it has laid a solid foundation for Nelcast's growth and success in the coming years.” Result PDF