Revenue from operations during the quarter increased by 14% YoY to Rs 81.98 crore.

Total expenses rose by 10% to Rs 65.16 crore in the fourth quarter as compared with the same period last year. Total finance cost, depreciation and amortization was Rs 10.08 crore (up 13% YoY) for Q4 FY23.

Profit before tax in Q4 FY23 stood at Rs 7.65 crore, up by 46% from Rs 5.23 crore in Q4 FY22.

The company's consolidated net profit rose by 23% to Rs 19.85 crore on a 20% increase in revenue from operations to Rs 313.33 crore in FY23 over FY22.

The board of NELCO has recommended a dividend of Rs 2 per equity share to the shareholders for the financial year 2022-23, subject to the approval of the shareholders at the ensuing annual general meeting.

NELCO, a part of the $128 bn Tata Group, is a leading satellite communication service provider in India, providing highly reliable data connectivity solutions across the country for the enterprise, aero IFC and maritime sectors.