Nesco (505355) Q1 24/25 earnings summary

Executive summary

• Q1 ended 30 June 2024 revenue from operations was ₹14,135.30 lakh and profit before tax was ₹10,048.96 lakh; profit after tax was ₹6,978.59 lakh.

• Revenue and PBT increased YoY, while PAT and EPS declined; higher tax expense offset the PBT increase.

Financial highlights

• Revenue from operations was ₹14,135.30 lakh vs ₹13,659.22 lakh YoY; total income was ₹17,091.24 lakh vs ₹16,112.72 lakh.

• Profit before tax was ₹10,048.96 lakh vs ₹9,357.76 lakh YoY; profit after tax was ₹6,978.59 lakh vs ₹7,609.63 lakh.

• Total expenses were ₹7,042.28 lakh vs ₹6,754.96 lakh YoY; tax expense was ₹3,070.37 lakh vs ₹1,748.13 lakh.

Segment performance

• Nesco Realty–IT Park revenue was ₹8,798.80 lakh vs ₹7,308.39 lakh YoY; segment profit before tax and finance costs was ₹7,323.02 lakh.

• Bombay Exhibition Centre revenue was ₹2,415.54 lakh vs ₹2,974.67 lakh YoY; segment profit before tax and finance costs was ₹683.58 lakh.

• Indabrator revenue was ₹1,022.50 lakh vs ₹1,176.21 lakh YoY; segment profit before tax and finance costs was ₹50.17 lakh.

• Nesco Foods revenue was ₹1,898.46 lakh vs ₹2,199.95 lakh YoY; segment profit before tax and finance costs was ₹127.54 lakh.