Nelcast Limited — Interim / Quarterly Report 2025

Jan 30, 2025

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30[th] January 2025

BSE Limited Listing Operations Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001 Maharashtra, India BSE Script Code: 532864

National Stock Exchange of India Limited Listing Department, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Maharashtra, India NSE Script Code: NELCAST

Dear Sir/Madam

Sub: Press Release on the Unaudited Financial Results of the Company for the quarter and nine months ended 31[st] December 2024

We are enclosing the Press Release on the Unaudited Financial Results of the Company for the quarter and nine months ended 31[st] December 2024.

We request you to take this information on record.

Thanking you.

For Nelcast Limited

Digitally signed by S K SIVAKUMAR S K SIVAKUMAR Date: 2025.01.30 18:16:11 +05'30' (S.K. SIVAKUMAR) Company Secretary

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Press and Media Release

January 30, 2025

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Nelcast Ltd Reports Q3 & 9M FY25 Financial Results

Total Revenue at Rs. 934.4 Crores with an EBITDA/kg of Rs. 11.8 in 9MFY25

Exports in 9MFY25 stood at Rs. 318.4 Crores

Chennai, India, January 30, 2025 – Nelcast Ltd (referred to as the “Company”; NSE Symbol: NELCAST, BSE Scrip Code: 532864), a leading producer of Ductile and Grey Iron castings in India, announced its financial results for the Third quarter and Nine months ended December 31, 2024 .

Commenting on the Results, Mr. Deepak Reddy Ponnavolu, Managing Director & CEO of Nelcast, said “We have navigated through a challenging period during the current financial year, with macro-economic headwinds in our key export market impacting our exports by over 6% year-over-year during 9MFY25. On a positive note, the domestic market has shown signs of recovery, particularly in the tractor segment.

We have relentless focus on business development, our team has been working tirelessly to secure new orders, and we anticipate a significant addition to our order pipeline going ahead backed by strong momentum in exports. Additionally, domestic market dynamics such as the boost in infrastructure, the rise of e-commerce, and the implementation of scrappage policies are expected to continue fueling domestic demand for commercial vehicles.

With robust order visibility and a strong portfolio of new products, we are well-equipped to deliver value to our stakeholders and reinforce our market position.”

Consolidated Performance Highlights

			(In Rs. Crores, unless otherwise mentioned)	(In Rs. Crores, unless otherwise mentioned)	(In Rs. Crores, unless otherwise mentioned)
Particulars	Q3FY25	Q3FY24	Q2FY25	9MFY25	9MFY24
Total Revenue	297.1	323.0	335.0	934.4	982.0
EBITDA	22.9	28.2	26.0	71.3	87.2
EBITDA Margin %	7.7%	8.7%	7.8%	7.6%	8.9%
EBITDA/kg (in INR)	11.8	12.1	11.8	11.8	13.0
PAT	6.0	25.5*	9.8	23.7	49.3*
PAT Margin %	2.0%	7.9%	2.9%	2.5%	5.0%

*Incudes Exceptional items of Rs. 17.3 Crores on account of profit on sale of land

NELCAST LIMITED 159 TTK ROAD, ALWARPET, CHENNAI – 600018 / www.nelcast.com

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Q3 & 9MFY25 Financial Highlights

• Total Revenue was Rs. 297.1 Crores in Q3FY25 compared to Rs. 323.0 Crores reported in Q3FY24 Revenue during 9MFY25 stood at Rs. 934.4 Crores against Rs. 982.0 reported in 9MFY24

• EBITDA stood at Rs. 22.9 Crores with an EBITDA margin of 7.7% in Q3FY25. EBITDA for 9MFY25 stood at Rs. 71.3 Crores compared to Rs. 87.2 Crores in 9MFY24, with an EBITDA margin of 7.6% in 9MFY25

  • Lower export sales impacted the EBITDA per kg during the quarter

• The Profit After Tax stood at Rs. 6.0 Crores in Q3FY25 and Rs. 23.7 Crores in 9MFY25

• Sector-wise Revenue

• In 9MFY25, largest share was contributed by M&HCV making up 37.0% of the total revenue, followed by Exports – 34.8%, Tractors – 23.6%, Railways – 1.6%, Off-highway equipment – 2.7%, Others – 0.3%

About Nelcast Ltd

Incorporated in 1982, Nelcast manufactures grey and ductile castings for the M&HCV and tractor industry segments. Around 25-30% of its overall revenues is also generated from export markets. Key products supplied to its M&HCV clients include differential carriers, differential cases, bogie suspension brackets, and conventional brackets, among others. For the tractor segment, the company’s major products are transmission casing, centre housing, axle housing and hydraulic lift cover. It also supplies base plates and brake discs for metro rail projects and the railways respectively. Nelcast has an aggregate installed production capacity of 160,000 tonnes per annum. Its factories are located at Ponneri in Tamil Nadu, and at Gudur and Pedapariya in Andhra Pradesh.

Contact Details

Nelcast Limited Ernst & Young LLP S. K. Sivakumar Abhishek Bhatt CFO & Company Secretary Vikash Verma E-mail: nelcast@nelcast.com Email: abhishek.bhatt3@in.ey.com vikash.verma1@in.ey.com

For further information on Nelcast Limited, please visit www.nelcast.com

Safe Harbor

This release contains statements that may contain “forward-looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Nelcast Ltd future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Nelcast Ltd undertake no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.

NELCAST LIMITED

159 TTK ROAD, ALWARPET, CHENNAI – 600018 / www.nelcast.com