Nesco (505355) Q4 23/24 earnings summary

Executive summary

• FY24 revenue reached ₹783.13 crore, up 28.57% YoY, while profit after tax rose 24.82% to ₹362.78 crore; operations remained debt-free.

• Q4 FY24 revenue was ₹219.88 crore and PAT was ₹136.01 crore, up 23.82% and 24.79% YoY, respectively.

Financial highlights

• FY24 total income was ₹783.13 crore versus ₹609.12 crore; revenue from operations was ₹678.18 crore versus ₹546.00 crore.

• FY24 profit before tax was ₹462.99 crore versus ₹366.97 crore; PAT was ₹362.78 crore versus ₹290.64 crore.

• Q4 FY24 total income was ₹219.88 crore versus ₹177.58 crore; PAT was ₹105.12 crore versus ₹84.91 crore in the audited results.

Segment performance

• FY24 IT Park revenue was ₹318.32 crore versus ₹295.03 crore; Bombay Exhibition Centre revenue was ₹209.08 crore versus ₹155.83 crore, up 34.17% YoY.

• FY24 Foods revenue was ₹99.29 crore versus ₹48.63 crore, up 104.17% YoY; Indabrator revenue was ₹51.50 crore, up 10.70% YoY.

• Q4 FY24 IT Park revenue was ₹81.93 crore, Bombay Exhibition Centre ₹62.77 crore, Foods ₹29.02 crore and Indabrator ₹15.25 crore.