Realty firm Nesco announced Q3FY23 Results: Q3FY23: IT Park demand continues to inch upwards across leading multinationals. IT Park business witnessed good performance in the quarter by generating revenue of Rs 77.63 crore, reflecting a YoY growth of 13% with average occupancy rising up to 95%. We witnessed customer confidence towards our offerings in the BEC division. This division generated revenue of Rs 38.01 crore (YoY increase by 500%). Foods division generated revenue of Rs 13.65 crore (YoY increase by 875%). Food division business has attained pre-covid level revenue from Q3 on account of exhibitions/events happening in the BEC division and new offerings started in the IT Park division exhibiting reaffirming demand amongst the customers. Indabrator division clocked revenue of Rs 13.53 crore (QoQ increase by 72%). Nesco continued to be debt free with liquid resources of over Rs 1,050 crore as on December 31, 2022. Strong balance sheet, healthy cash flow generation coupled with a diversified pipeline of businesses backed by strong brand equity, robust operating model provide a unique opportunity to leverage this upcycle. Result PDF
Realty company Nesco announced Q2FY23 results: Revenue at Rs 158.50 crore (YoY growth of 75%) Net Profit at Rs 81.89 crore (YoY increase of 86%) Result PDF
Realty firm Nesco declares Q4FY22 result: Revenue at Rs. 382.41 crores Net Profit reported at Rs. 189.17 crore, 9.69% YoY growth Consolidated Revenue stood at Rs. 103.05 crore, reflecting a QoQ increase of 20.48% Net Profit at Rs. 53.52 crore, reflecting QoQ increase of 34.74% Consolidated Revenue stood at Rs. 382.41 crore, reflecting a YoY increase of 7.51% Net Profit at Rs.189.17 crore, reflecting YoY increase of 9.69% The Board recommended a dividend of Rs. 3 per share subject to approval of shareholders. Result PDF
Realty company Nesco declares Q3FY22 result: Nesco’s consolidated revenues for quarter ended 31 December 2021 increased by 13% to Rs. 102.99 crores from Rs. 90.56 crores in earlier quarter. Total net profit after tax increased to Rs. 49.30 crores in this quarter from Rs. 43.98 crores in earlier quarter. Nesco continued to be debt free with liquid resources of over Rs. 800 crores as on 31 December 2021. Result PDF