Detailed Narrative
Overall Financial Performance and Growth
Nesco Limited achieved a significant milestone in the financial year ended March 2026, with total income crossing ₹1,000 crores for the first time, reaching ₹1,031 crores, which represents a 22% year-on-year increase. The company reported a robust EBITDA of ₹590 crores and a Profit After Tax (PAT) of ₹412 crores, marking a 10% growth over the previous year. This strong performance underscores the company's alignment with India's economic growth drivers and its diverse business model.
Business Segment Performance Review
The Realty division continued to be a strong foundation, generating ₹398 crores in revenue with an 8.6% growth, and maintaining 100% occupancy in Towers 3 and 4. The Exhibition and Events business saw significant momentum, with revenue growing 30% to ₹260 crores, hosting over 135 events. The Foods division demonstrated exceptional growth, more than doubling its revenue by 107% to ₹238 crores, evolving into a popular entertainment destination. In contrast, the Engineering division reported lower revenue of ₹35 crores due to softer demand in certain capital goods sectors.
Capital Projects and Expansion Plans
Work has commenced on Tower 2, a landmark integrated development, with an estimated investment of ₹3,500 crores, expected to be completed within 60 months of receiving the commencement certificate. The company is also undertaking the redevelopment of Hall 1 of the Bombay Exhibition Center, which is currently being dismantled and is projected to be operational within 12 months with a capex within ₹200 crores. The new Wayside Amenities vertical, with four sites under construction, is anticipated to begin operations by the end of the current financial year.
Financial Health, Liquidity, and Capital Allocation
Nesco maintains a strong financial position, being debt-free with a liquidity of ₹1,471 crores. The company's treasury size stood at ₹1,650 crores as of June 2026, an increase from ₹1,520 crores in March 2026. Most capital expenditure plans are intended to be funded through internal accruals, with debt considered only as a last resort. In recognition of its performance, the Board has recommended a final dividend of ₹27 per share.
ESG and CSR Initiatives
The company has made significant strides in its environmental, social, and governance (ESG) commitments, transitioning its entire Mumbai facility to 100% renewable energy. Towers 3 and 4 in its IT Park hold Platinum-rated Green Building certifications. Nesco has also commenced work on its ESG Roadmap 2030 to establish measurable goals. In FY26, the company contributed ₹8.30 crores towards impactful CSR initiatives, primarily focusing on education and healthcare, and supports two old age homes and senior citizen living facilities.
Shareholder Engagement and Future Outlook
Nesco has committed to continuing virtual Annual General Meetings, acknowledging shareholder preference for accessibility. Management also indicated that they would explore arranging more regular investor con-calls, possibly on a bi-annual basis. The company's vision for the next 5-6 years is focused on enhancing and maximizing growth, exploring diversification opportunities, and achieving overall top-line and bottom-line expansion.