Nesco Limited Reports Strong Fiscal Performance in 67th AGM; Total Income Crosses ₹1,000 Crores

Nesco Limited Reports Strong Fiscal Performance in 67th AGM; Total Income Crosses ₹1,000 Crores​

Nesco Limited announced a robust financial year and outlined strategic growth plans at its 67th Annual General Meeting (AGM) held on July 27, 2026. The company reported total income exceeding ₹ 1,000 crores for the first time, reaffirming its commitment to sustainable operations and long-term growth in diverse sectors including realty, exhibitions, and hospitality.

The Board of Directors recommended a final dividend of ₹ 7 per share, following the review of the financial results.

Financial Highlights and Segmental Performance​

Nesco delivered substantial revenue increases across several business verticals:


Realty: The office space business remained the foundation of Nesco's stable performance. Towers 3 and 4 maintained 100% occupancy, with a total chargeable area of 17.70 lakh square feet across both buildings. This division reported a revenue of ₹ 398 crores, marking an 8.6% increase from the previous year. The company has also commenced work on Tower 2, an integrated development comprising office space and a hotel, which is projected for completion within 60 months of receiving the commencement certificate.

Exhibition and Events: The exhibition business saw strong growth, with revenue reaching ₹ 260 crores, representing a 30% increase. The venue hosted over 135 exhibitions, corporate events, and live experiences throughout the year.

Foods: With 12 established restaurants, a gaming zone, three large food courts, and various catering services supported by eight in-house brands, the Foods division reported impressive revenue of ₹ 238 crores, a growth of 107%.

Engineering (Indabrator): The engineering arm, which provides surface preparation, finishing solutions, and aftermarket support to sectors such as railways and defence, recorded a revenue of ₹ 35 crores, citing softer demand across some capital goods sectors.

Wayside Amenities: Construction is progressing at four sites along the Hyderabad-Visakhapatanam Expressway, aimed at developing integrated highway destinations combining hospitality, fuel, and retail services. This segment is anticipated to begin operations by the end of the current financial year.

Corporate Investments and Strategic Focus​

The meeting provided detailed insight into major capital expenditures, corporate governance, and future planning:

Project Development:

• Tower 2: The estimated investment for this project is approximately ₹ 3,500 crores. The completion timeline remains set at 60 months from the commencement certificate date.
• Exhibition Center (BEC): The BEC currently features five exhibition halls and three large banquet halls, with a combined capacity of 55,500 square meters. A modernization plan is underway to replace and redevelop Hall 1 within 12 months, with an estimated capex for Hall 1 set under ₹ 200 crores.

Financial Health and Treasury:

• As on June 30, 2026, the company's treasury size stood at ₹ 1,650 crores.
• Current Work in Progress (CWIP) as of March 31, 2026 included ₹ 740 crores for Realty and ₹ 16 crores for BEC.

ESG and CSR Initiatives: The company emphasized environmental stewardship, noting that Towers 3 and 4 hold Platinum-rated Green Building certifications. Nesco has also commenced work on an ESG Roadmap 2030. A contribution of ₹ 8.30 crores was made towards CSR initiatives focused on education and healthcare.

Q&A Highlights​

During the question and answer session, management addressed queries regarding operations and future outlook:

• Lease Stability: Regarding current towers, management confirmed that most leases are secure for several years ahead, with no anticipated exits in the near future.
• Tower 2 Status: The company confirmed that the project is ongoing, having demolished existing structures at the site and commenced barricading on six acres of land.
• Future Plans: When asked about long-term plans, the management stated a primary focus remains on enhancing growth through current operations. There are no immediate plans for venturing into REIT structures, but it will be kept in consideration.
• Artificial Intelligence (AI): Management confirmed the use of AI across various operational aspects, including finance analysis and mechanical/electrical design to ensure clash management.
• CSR Dedication: In response to a query regarding community support, the company committed that it actively contributes to CSR activities for two old age homes in addition to senior citizen living facilities.

NESCO Stock Price Movement​

On Monday, Nesco Limited shares edged higher to close at ₹1073.40, gaining 0.04%. A total of 22,505 shares were traded during the session.