Nesco has shown strong and consistent business performance across various key indicators. Here are the key financial highlights:
For the First Half (H1) of FY '24:
- Total revenue reached Rs. 358.82 crores, marking a 33% increase from the same period in the previous year when it was Rs. 269.35 crores.
- The total profit after tax amounted to Rs. 163.87 crores, which is a 21% increase from the previous year’s figure of Rs. 135.60 crores.
- The IT Park division’s revenue was Rs. 156.33 crores, up from Rs. 145.05 crores in the corresponding previous period.
- The Bombay Exhibition Center division achieved revenue of Rs. 87.00 crores, a 24.43% increase from the previous year’s figure of Rs. 69.92 crores.
- The Foods division demonstrated substantial growth, generating revenue of Rs. 43.74 crores, a remarkable increase of 207.59% compared to the corresponding previous period.
- The Indabrator division saw revenue of Rs. 24.38 crores, marking a 45.64% increase from the corresponding previous period.
For the Second Quarter (Q2) of FY '24:
- The company reported a revenue of Rs. 197.62 crores for the quarter, which represents a 24.68% increase from the same quarter of the previous year when it was Rs. 158.50 crores.
- The profit after tax for the quarter reached Rs. 87.80 crores, compared to Rs. 81.90 crores in the corresponding quarter of the previous year.
- The IT Park division’s revenue was Rs. 83.24 crores, up from Rs. 73.06 crores in the corresponding quarter of the previous year.
- The Bombay Exhibition Center division earned revenue of Rs. 57.25 crores, compared to Rs. 53.07 crores in the corresponding quarter of the previous year.
- The Foods division and Indabrator division generated revenues of Rs. 21.74 crores and Rs. 12.62 crores, respectively.
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