NELCAST LTD. Q3 FY25 Results

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.