Shares of Nesco Ltd. surged as much as 6.6% on Wednesday, July 30, in response to the June quarter results that the company reported.Revenue for the quarter increased by 37% from last year to ₹193.3 crore, while net profit grew by a similar quantum from the year-ago period to ₹96 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 28% on a year-on-year basis to ₹110.5 crore.
However, margins for the quarter narrowed by over 300 basis points year-on-year to 57.7% from 61%.Revenue from the realty business increased to ₹98.49 crore from ₹88 crore last year and ₹95 crore during the March quarter.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 28% on a year-on-year basis to ₹110.5 crore.
However, margins for the quarter narrowed by over 300 basis points year-on-year to 57.7% from 61%.Revenue from the realty business increased to ₹98.49 crore from ₹88 crore last year and ₹95 crore during the March quarter.
The Bombay Exhibition Centre saw revenue growth from ₹24.1 crore last year to ₹40.4 crore during the current quarter. However, the topline in this segment was down from the ₹46.75 crore figure reported in March.
Indabrator’s revenue declined both sequentially as well as from last year, while the Foods business revenue increased to ₹47 crore from ₹19 crore last year and ₹38 crore in March.
Shares of Nesco are currently off the post-results high, and are trading 2.7% higher at ₹1,278. The stock has risen 10% in the last one month and 30% so far in 2025.
