Profit before tax jumped 30.37% year on year (YoY) to Rs 9.40 crore during the quarter under review.

Total expenses jumped 13.28% YoY to Rs 66.92 crore in Q3 FY24 as compared with Rs 59.07 crore in Q3 FY23. Purchase of stock- in-trade was at Rs 5.65 crore (down 31.26% YoY) while employee benefits expenses stood at Rs 10.46 crore (up 16.61% YoY), finance cost stood at Rs 1.91 crore (up 6.11% YoY) during the quarter.

NELCO, a part of the $116 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.