Nesco (505355) Q2 24/25 earnings summary

Executive summary

• Q2 FY24/25 revenue from operations was ₹19,210.38 lakh and profit after tax was ₹10,687.63 lakh; H1 revenue was ₹33,345.68 lakh and PAT was ₹17,666.22 lakh.

• Board approved a proposal to broaden the MOA object clause covering real estate and hospitality operations, subject to shareholder approval by postal ballot.

Financial highlights

• Q2 total income was ₹22,520.82 lakh vs ₹19,750.58 lakh YoY; H1 total income was ₹39,612.06 lakh vs ₹35,863.30 lakh.

• Q2 profit before tax was ₹13,501.24 lakh vs ₹11,242.30 lakh YoY; H1 PBT was ₹23,550.20 lakh vs ₹20,600.06 lakh.

• Q2 PAT was ₹10,687.63 lakh vs ₹8,781.70 lakh YoY; H1 PAT was ₹17,666.22 lakh vs ₹16,391.33 lakh.

Segment performance

• Realty Q2 revenue was ₹9,021.10 lakh vs ₹8,324.29 lakh YoY; H1 revenue was ₹17,819.90 lakh vs ₹15,632.68 lakh.

• Bombay Exhibition Center Q2 revenue was ₹6,225.21 lakh vs ₹8,699.55 lakh YoY; H1 revenue was ₹8,640.75 lakh vs ₹8,699.55 lakh.

• Indabrator Q2 revenue was ₹1,578.27 lakh vs ₹1,261.78 lakh YoY; H1 revenue was ₹2,600.77 lakh vs ₹2,437.99 lakh.

• Foods Q2 revenue was ₹2,385.80 lakh vs ₹2,174.39 lakh YoY; H1 revenue was ₹4,284.26 lakh vs ₹4,374.34 lakh.