NESCO Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript NESCO Ltd filed with BSE on 03 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Nesco reported total income of ₹1,031 crores for FY26, crossing ₹1,000 crores for the first time, with EBITDA of ₹590 crores and profit after tax of ₹412 crores. Management detailed segment performance including Realty revenue of ₹398 crores, Exhibition and Events revenue of ₹260 crores, Foods revenue of ₹238 crores growing 107%, and a decline in Engineering revenue to ₹35 crores due to softer demand. The company also announced a final dividend of ₹7 per share and construction progress on Tower 2 and wayside amenities sites along the Hyderabad-Visakhapatnam Expressway.
Numbers mentioned
Total income: ₹1,031 crores (FY26)
p. 7
“Total income: INR1,031 crores, which is 22% year-on-year.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
EBITDA: ₹590 crores (FY26)
p. 7
“EBITDA: ₹590 crores.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
Profit after tax: ₹412 crores (FY26)
p. 7
“Profit after tax: ₹412 crores, which is 10% year-on-year.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
Liquidity: ₹1,471 crores (FY26)
p. 7
“Debt-free with liquidity of ₹1,471 crores.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
Realty division revenue: ₹398 crores (FY26)
p. 6
“This division reported a revenue of ₹398 crores during the year, a growth of 8.6% over the previous year.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Exhibition and Events division revenue: ₹260 crores (FY26)
p. 6
“This division reported a revenue of ₹260 crores during the year, a growth of 30% over the previous year.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Foods division revenue: ₹238 crores (FY26)
p. 6
“This division reported a revenue of ₹238 crores during the year, a growth of 107% over the previous year.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Engineering division revenue: ₹35 crores (FY26)
p. 6
“This division reported a lower revenue of ₹35 crores during the year, mainly due to softer demand across certain capital goods sectors.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Final dividend: ₹7 per share (FY26)
p. 7
“In recognition of this performance, the Board has recommended a final dividend of ₹7 per share, subject to your approval.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
CSR contribution: ₹8.30 crores (FY26)
p. 7
“During the year, we contributed ₹8.30 crores towards impactful CSR initiatives, with a primary focus on education and healthcare.”
Krishna S. Patel, page 7 of the filed PDF · View the filing
Tower 2 estimated investment: ₹3,500 crores
p. 16
“The estimated investment is about ₹3,500 crores.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Tower 3 and Tower 4 chargeable area: 17.70 lakh+ square feet
p. 16
“So, the total chargeable area is about 17.70 lakh + square feet, which is 6.60 square feet in Tower 3 and 11.10 square feet in Tower 4.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Average rent, Tower 3 and 4: ₹180 per square feet per month
p. 16
“The average rent here is about ₹180 per square feet per month and there is a range from about ₹150 per square feet to ₹210 per square feet and that is why your weighted average is ₹180 per square feet.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Hall 1 modernization capex: within ₹200 crores
p. 16
“Overall capex for Hall 1 is within ₹200 crores.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Exhibitions and events hosted: 135 (FY26)
p. 17
“So, we have conducted about 135 exhibition events and functions.”
Krishna S. Patel, page 17 of the filed PDF · View the filing
Wayside amenities surrender project costs: ₹1.25 to ₹1.5 crores
p. 18
“Project costs amount to about ₹1.25 to ₹1.5 crores and these are charged to the P&L in the quarter of June 2026.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
Treasury size: ₹1,650 crores (30 June 2026)
p. 18
“On 30th June 26, it was ₹1,650 crores, before that in March 26, it was ₹1,520 crores, a year before that in March 2025, it was ₹1,135 crores.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
CWIP: ₹763 crores (31 March 2026)
p. 18
“CWIP as on 31st March 2026, we have a total of ₹763 crores.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
Total permanent employees: 349
p. 18
“So, we have a total permanent set of employees at 349, contractual at 638 and our total manpower cost for the year gone by is ₹74 Crores.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
Amount spent on Annual Report design and printing: approx. ₹12 Lakhs
p. 18
“Total amount spent was approx. ₹12 Lakhs including the printing cost of 200 annual reports.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
BEC exhibition and banquet halls capacity: 55,500 square meters
p. 16
“These have a total capacity of 55,500 square meters.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Q1 FY27 topline: ₹211 crores (Q1 FY27)
p. 10
“quarter-on-quarter, in June quarter, the topline has reduced from ₹251 crores to ₹211 crores.”
Aspi Besania, page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Tower 2 completion timeline — 60 months from commencement certificate · 60 months
stated firmly by Krishna S. Patel
p. 6
“This project is expected to be completed within 60 months of getting commencement certificate.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Wayside Amenities operations start — by end of this financial year
stated firmly by Krishna S. Patel
p. 6
“Still in its development phase, this vertical is expected to start operations by end of this financial year.”
Krishna S. Patel, page 6 of the filed PDF · View the filing
Hall 1 redevelopment completion — within 12 months
stated firmly by Krishna S. Patel
p. 16
“So, as regards Hall 1, it is being dismantled at the moment and will be constructed and operational within 12 months.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Capex funding approach — internal accruals; debt as last resort
stated conditionally by Krishna S. Patel
p. 18
“So, most of the funding plans are through internal accruals. Perhaps if the need really occurs, we might consider debt, but that is something that would be maybe the lastmile top-up or requirement.”
Krishna S. Patel, page 18 of the filed PDF · View the filing
REIT structure
stated as an aspiration by Krishna S. Patel
p. 16
“So, there are no thoughts of getting into REIT now, but we will keep it in mind and we will see how the future holds for us.”
Krishna S. Patel, page 16 of the filed PDF · View the filing
Bonus issue decision
stated as an aspiration by Krishna S. Patel
p. 19
“So, at the moment, there is no decision for any bonus. Board of Directors will take the decision at any appropriate time in the best interest of the Company, the stakeholders and also given the proposed expansion and operating plans.”
Krishna S. Patel, page 19 of the filed PDF · View the filing
Investor con-calls frequency — more regular updates · 6-month basis
stated as an aspiration by Krishna S. Patel
p. 19
“CFO and I will take a call on how we can arrange something more regular so that you are updated about the Company on a more, maybe a 6-month basis or even better.”
Krishna S. Patel, page 19 of the filed PDF · View the filing
Mode of AGM — virtual AGM
stated firmly by Krishna S. Patel
p. 19
“So, the Company has taken cognizance of this preference and shall continue virtual meetings for the future.”
Krishna S. Patel, page 19 of the filed PDF · View the filing
5-6 year company vision — growth of top line and bottom line · 5 to 6 years
stated as an aspiration by Krishna S. Patel
p. 21
“the vision for the Company over the next 5 to 6 years is basically enhancing our growth and maximizing our growth it in the right direction to see whether there is any diversification we could consider to look into, but apart from that, it is just growth of top line and bottom line and that is our overall 5 to 6 years growth plan.”
Krishna S. Patel, page 21 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management explained the intimation of disapproval was received in March 2025, and clarified the 60-month timeline runs from the commencement certificate, i.e. the date excavation begins.
Answered by Krishna S. Patel
Asked by Manjit Bauria: Why has Tower 2 clearance been delayed and why has the completion timeline extended from 48 to 60 months?
p. 19
“you had questioned about the IOD, yes, that was received in March of 2025 and the time of completion is actually 60 months of getting commencement certificate which is the date of breaking ground, when we start excavation.”
Krishna S. Patel, page 19 of the filed PDF · View the filing
Management said most leases have several years remaining and they do not expect near-term exits.
Answered by Krishna S. Patel
Asked by Manjit Bauria: Will any large tenants' leases expire before FY30?
p. 20
“For the most part, most of our leases are in force and they have several years ahead of them, so we do not envisage many exits or any exits in the very near future.”
Krishna S. Patel, page 20 of the filed PDF · View the filing
Management confirmed the hotel and IT Park tower are an integrated structure expected to complete and commence operations together.
Answered by Krishna S. Patel
Asked by Manjit Bauria: Will the hotel become operational alongside Tower 2?
p. 20
“Yes, it is expected to start in the same timelines of the IT Park and the commercial building. This is more because they are not separate towers, they are pretty much an integrated structure.”
Krishna S. Patel, page 20 of the filed PDF · View the filing
Management attributed it to seasonality/cyclicality in the business, noting Q4 is usually stronger than Q1, and noted year-on-year Q1 growth of about 15%.
Answered by Krishna S. Patel
Asked by Aspi Besania: Why did quarterly topline decline from ₹251 crores to ₹211 crores quarter-on-quarter?
p. 20
“So, it is the case because some of our business is quite cyclical. So, our Q4s are usually better than Q1. But if you were to compare our Q1 of last year, it has an increase of almost 15%.”
Krishna S. Patel, page 20 of the filed PDF · View the filing
Management said AI is used across finance analysis, architecture and design, and by third-party engineering consultants for clash management.
Answered by Krishna S. Patel
Asked by Prakashini Shenoy: Is the company using AI applications?
p. 20
“So, yes, of course, we use AI in very different forms and very many forms. In our Finance Group also, there is a lot of analysis that is done through AI.”
Krishna S. Patel, page 20 of the filed PDF · View the filing
This question was posed but not directly answered with a specific risk list in the transcript excerpt covering management's response.
Answered by Lekha Shah
Asked by Lekha Shah: What are the major risks the company foresees in FY2027?
p. 15
“What are the major risks the Company foresees in Financial Year 2027 and how is it preparing for them?”
Lekha Shah, page 15 of the filed PDF · View the filing
Management's reply addressed the number of sites under construction rather than new southern projects directly.
Answered by Krishna S. Patel
Asked by Yusuf Rangwala: How many new wayside amenities projects are planned in the South given change in political leadership?
p. 20
“Regarding wayside amenities, there are four sites under construction at the moment.”
Krishna S. Patel, page 20 of the filed PDF · View the filing
Risks flagged
Softer demand across certain capital goods sectors reduced Engineering division revenue
p. 17
“Lower revenue mainly due to softer demand across certain capital goods sectors.”
Krishna S. Patel, page 17 of the filed PDF · View the filing
Local villager unrest, infrastructure deficiencies, regulatory and land-related issues led to surrender of some wayside amenities sites
p. 17
“Due to local villager unrest, infrastructure deficiencies, regulatory and landrelated issues and handover conditions were the reasons that reduced commercial feasibility and that is why we surrendered few of these sites.”
Krishna S. Patel, page 17 of the filed PDF · View the filing
9x9 music concert incident of 11 April 2026 involving fatalities
p. 17
“So, you know, this is a very unfortunate situation. Our heart goes out to the families of the deceased.”
Krishna S. Patel, page 17 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.