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BSE Code : 532864 | NSE Symbol : NELCAST | ISIN : INE189I01024 | Industry : Castings & Forgings |


Chairman's Speech

<dhhead-MD's Message </dhhead-

Dear Shareholders,

FY25 has been a transformative year for your Company, a year that began with consolidation and concluded with renewed momentum and strategic clarity. As we reflect on the past twelve months, I am proud of the resilience, adaptability and forward-thinking approach demonstrated by our team in navigating a complex macroeconomic environment.

This year marked a significant milestone in our journey as your Company celebrated its 40th anniversary. This momentous occasion is a testament to the enduring

strength of our business model, the trust of our stakeholders and the dedication of our employees. Over four decades, we have weathered market cycles, embraced innovation and built a legacy of reliability and performance. I extend my heartfelt gratitude to everyone who has been part of this journey. During this event, we also unveiled our vision "To be amongst the top 5 iron casting companies in the world.”

The global economic landscape in FY25 was shaped by geopolitical uncertainties, inflationary pressures and election cycles in key markets such as the United States. These factors led to a temporary slowdown in demand, particularly in the commercial vehicle and tractor segments. Despite these headwinds, your Company remained steadfast in its long-term vision and continued to invest in innovation, operational efficiency and market expansion.

We closed FY25 with a revenue of ? 1268.78 Crores and a profit after tax of ? 37.29 Crores. EBITDA per kg improved to ? 12.63 for the year. Export revenue remained stable at ? 445 Crores.

Our focus on operational excellence was evident across our facilities. We have secured new product orders that will enhance our capacity utilization in FY26 and beyond. The commissioning of a 1 MW solar power unit at our Pedapariya plant underscores our commitment to sustainability and cost efficiency. We also made strategic investments in automation and energy efficiency at our Gudur and Ponneri plants, further strengthening our manufacturing capabilities.

FY25 was a year of groundwork and the results of this will be reaped in FY26, FY27 & FY28 with strong double-digit growth in top line driven by revival in domestic demand and strong export momentum. Export growth will be driven by several new product launches and a significant expansion into the European market.

I extend my sincere appreciation to our employees, whose dedication and innovation continue to drive our success. I also thank our customers, partners and shareholders for their unwavering trust and support.

As we step into FY26, we do so with optimism, confidence and a clear roadmap. Your Company is well-positioned to capitalize on emerging opportunities, deliver sustainable value and contribute meaningfully to the communities we serve.

With warm regards,
P. Deepak
CEO & Managing Director

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