Dividend Updates
NESCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NESCO Limited reported strong FY 2025-26 results with revenue from operations growing 27.3% to ₹932.06 Crores from ₹732.01 Crores in the previous year. Profit after tax increased to ₹412.80 Crores versus ₹375.22 Crores, a growth of 10%. The Board recommended a final dividend of ₹7 per equity share (face value ₹2 each), up from ₹6.50 per share in the previous year, totaling ₹49.32 Crores, subject to shareholder approval at the 67th AGM on 27 July 2026. Finance costs nearly doubled to ₹25.23 Crores from ₹12.32 Crores, which may indicate increased leverage. The Board also appointed Mr. Rajesh G. Upadhyay as Whole-time Director and reappointed Deloitte as internal auditors. The auditor issued an unmodified opinion on the financial statements.
Positive signals include strong revenue growth and an increased dividend, which should be well-received by shareholders. However, the doubling of finance costs warrants monitoring as it could pressure future profitability.