Nesco Limited reported a standalone net profit of ₹99.96 crore for the quarter ended June 30, 2026, an increase from ₹96.20 crore in the corresponding quarter of FY25. The improvement in bottom-line profitability was largely supported by a non-recurring gain of ₹11.22 crore arising from the surrender of long-term leased premises, which was recorded as other income in the Way-Side Amenities segment. Consolidated net profit stood at ₹99.96 crore, compared to ₹96.14 crore in Q1FY25.

The Board of Directors, chaired by Krishna S. Patel, approved the unaudited standalone and consolidated financial results at a meeting held on July 27, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors S.G.D.G. & Associates LLP, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit report confirms that the statements comply with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013.

Financial Performance Overview

Revenue from operations for the quarter totaled ₹211.80 crore, rising from ₹193.34 crore in Q1FY25. Total income increased to ₹255.40 crore from ₹221.45 crore, driven primarily by a surge in other income to ₹43.60 crore from ₹28.11 crore. Total expenses were contained at ₹128.36 crore, higher than the ₹97.57 crore recorded in Q1FY25. Profit before tax remained robust at ₹127.04 crore, up from ₹123.88 crore in the year-ago period.

Segment-wise Contribution

The Realty segment continued to be the primary contributor to segment profit before tax and finance costs, generating ₹82.85 crore against ₹84.12 crore in Q1FY25. The Bombay Exhibition Center segment reported a segment profit of ₹22.10 crore, improving from ₹20.55 crore in the prior year. The Foods segment contributed ₹5.28 crore, while Indabrator turned profitable with ₹0.12 crore compared to a loss of ₹0.45 crore previously. The Way-Side Amenities segment reported a profit of ₹7.62 crore, reflecting the impact of the lease surrender gains.

Total segment assets stood at ₹2,041.34 crore, with unallocable assets adding ₹1,603.24 crore to bring total assets to ₹3,644.58 crore. Segment liabilities were ₹532.07 crore, with total liabilities reaching ₹548.04 crore. The company's total comprehensive income for the period was ₹100.05 crore, including other comprehensive income items such as remeasurement of defined benefit plans and fair value gains on equity instruments.

What the Numbers Show

The divergence between the modest growth in revenue from operations (9.5%) and the significant jump in other income (55.1%) highlights the material impact of non-operational factors on NESCO's quarterly performance. While core operating segments like Realty and Bombay Exhibition Center maintained stable profitability, the ₹11.22 crore gain from lease surrenders was pivotal in driving the net profit increase. This gain is non-recurring in nature, meaning future quarters may see different dynamics if similar asset restructuring events do not occur. The stability in segment profits suggests underlying operational resilience despite the one-time boost to the bottom line.

Nesco Limited has declared a dividend of ₹7 per equity share for the financial year ended 31 March 2026. The company has scheduled its 67th Annual General Meeting (AGM) for 27 July 2026 at 3:30 p.m. IST through video conference. The record date for determining shareholder eligibility is 20 July 2026, with payment scheduled on or before 12 August 2026.

The Board of Directors has recommended the appointment of Mr. Rajesh G. Upadhyay as a Whole-time Director designated as Executive Director (Commercial & Operations) for a period of three years, effective from 1 June 2026 to 31 May 2029. His remuneration will range between ₹2,50,000 and ₹3,62,500 per month, subject to shareholder approval. Additionally, the meeting will seek ratification for the remuneration of cost auditors M/s. Y.S. Thakar & Co., fixed at ₹50,000 plus applicable taxes and out-of-pocket expenses for the financial year ending 31 March 2027.

Mrs. Sudha S. Patel, a Non-Executive, Non-Independent Director who retires by rotation, is eligible for re-appointment. The notice confirms she has attained the age of 75 and seeks shareholder approval to continue in office. The company has engaged Ms. Neeta H. Desai from ND & Associates as the scrutiniser to oversee the e-voting process.

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company issued letters to shareholders who have not registered their email addresses. These letters provide the weblink for accessing the Notice of the 67th AGM and the Annual Report for the financial year 2025-26. The company reminded shareholders that those holding physical shares without updated PAN, nomination, and bank details will receive dividends only via electronic mode from 1 April 2024.

Key Meeting Details

Agenda for the 67th AGM

The business to be transacted at the meeting includes:

Ordinary Business

• Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026.
• Declaration of dividend of ₹7 per equity share of face value ₹2 each.

Special Business

• Re-appointment of Mrs. Sudha S. Patel as a Non-Executive, Non-Independent Director.
• Appointment of Mr. Rajesh G. Upadhyay as a Director liable to retire by rotation.
• Appointment of Mr. Rajesh G. Upadhyay as Whole-time Director designated as Executive Director (Commercial & Operations).
• Ratification of cost auditors' remuneration for the financial year ending 31 March 2027.

Shareholders can participate in the AGM via video conference or other audio-visual means. The facility for remote e-voting will be available from 23 July 2026 to 26 July 2026. Members holding shares in physical form are requested to ensure their bank details, PAN, and nomination details are registered to facilitate electronic dividend payments.