Nesco Delivers A Rewarding Quarter With Record Revenues, Rising Profits And A Dividend Upgrade For Shareholders

Nikunj Parikh - Mumbai Bureau May 25, 2026 1,900 Views

Nesco Limited posted consolidated revenue from operations of Rs 251.62 crore and consolidated net profit of Rs 93.05 crore for Q4 FY26, even as the full year ended on a high with revenue of Rs 932.06 crore and profit after tax of Rs 412.74 crore. The board has recommended a final dividend of Rs 7 per share, up from Rs 6.50 in the previous year, signalling continued confidence in the company's financial health.

The Board of Directors met on 25 May 2026 and approved the audited standalone and consolidated financial results for Q4 and FY26, with statutory auditors SGDG Associates LLP issuing an unmodified opinion on both sets of results. The 67th Annual General Meeting has been scheduled for 27 July 2026, with a record date of 20 July 2026 for dividend entitlement.

Quarterly Numbers At A Glance

Consolidated revenue from operations for Q4 FY26 stood at Rs 251.62 crore, sharply higher than Rs 192.01 crore in Q4 FY25, a year-on-year jump of over 31 percent. Consolidated profit after tax came in at Rs 93.05 crore versus Rs 88.62 crore in Q4 FY25. Basic and diluted EPS for the quarter stood at Rs 13.21 per share, not annualised.

Full Year FY26 Financial Strength

For the full year FY26, consolidated revenue from operations reached Rs 932.06 crore, up from Rs 732.01 crore in FY25, a growth of over 27 percent. Full-year consolidated profit after tax rose to Rs 412.74 crore from Rs 375.21 crore, with annual EPS at Rs 58.58 per share. Total comprehensive income for FY26 stood at Rs 412.79 crore.

Segment By Segment Momentum

All four business segments contributed to full-year growth. Realty led with Rs 397.92 crore in revenue and segment profit of Rs 331.76 crore. Bombay Exhibition Center delivered Rs 259.82 crore in revenue and Rs 133.12 crore in profit, its highest in recent years. Foods contributed Rs 238.51 crore in revenue and Rs 25.79 crore in profit, more than doubling its year-ago segment performance of Rs 115.15 crore. Indabrator generated Rs 35.81 crore in revenue with Rs 2.65 crore in profit.

Balance Sheet And Capital Position

Total consolidated assets as at 31 March 2026 stood at Rs 3,688.92 crore, up from Rs 3,015.61 crore a year ago. Total equity strengthened to Rs 2,996.42 crore from Rs 2,629.43 crore. Cash and cash equivalents stood at Rs 14.32 crore, with net operating cash inflows of Rs 387.79 crore for FY26. Capital work-in-progress stood at Rs 763.34 crore, reflecting ongoing investment in future capacity.

Board And Governance Updates

The board approved the appointment of Mr Rajesh G Upadhyay as Executive Director, Commercial Operations with effect from 1 June 2026 for a term of three years. Deloitte Touche Tohmatsu India LLP was re-appointed as internal auditor for FY27, and Ms Y S Thakar and Co was re-appointed as cost auditor for FY27. The board and committee composition was also reconstituted effective 1 June 2026.

Key Highlights

Consolidated Q4 FY26 revenue from operations: Rs 251.62 crore, up over 31 percent year-on-year
Consolidated Q4 FY26 net profit: Rs 93.05 crore; EPS at Rs 13.21 per share
Full-year FY26 consolidated revenue: Rs 932.06 crore; net profit: Rs 412.74 crore
Full-year EPS: Rs 58.58 basic and diluted, up from Rs 53.25 in FY25
Final dividend recommended at Rs 7 per share, up from Rs 6.50 last year; record date 20 July 2026
Foods segment revenue more than doubled year-on-year to Rs 238.51 crore in FY26
Bombay Exhibition Center delivered its strongest full-year profit contribution at Rs 133.12 crore
Total consolidated assets at Rs 3,688.92 crore; equity at Rs 2,996.42 crore as at 31 March 2026
Mr Rajesh G Upadhyay appointed as Executive Director, Commercial Operations from 1 June 2026
67th AGM to be held on 27 July 2026 via video conference