Nesco Limited has informed the Exchange regarding ''Transcript of 66th AGM held on 30 July 2025'.
NESCO · price
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Nesco Limited held its 66th AGM on 30 July 2025 via video conference. For FY2024-25, the company reported revenue of Rs. 845 crore (up 8% YoY), EBITDA of Rs. 551 crore (up 3.4%), and profit after tax of Rs. 375 crore (up 3.8%). The company remains debt-free with Rs. 1,100 crore in liquidity and declared a final dividend of Rs. 6.50 per share (325%). Key business updates included Tower 3 and 4 achieving 100% occupancy, BEC revenue of Rs. 175 crore with events business growing 55%, and Nesco Foods growing 16%. Management announced a major new initiative — 3 tenders secured from the Highway Authority to develop 11 wayside amenity sites, expected to generate Rs. 100 crore revenue per site with 8-10% blended margins. The Tower 2 project (Rs. 3,500 crore capex) combining a 1.6-1.7 million sq ft IT park with a 750-room hotel is targeted for commencement later in FY2025-26.
The AGM reinforced Nesco's strong financial position and outlined multiple growth avenues including Tower 2 development and the new wayside amenity business. With debt-free status, strong cash reserves, and a clear expansion roadmap, the stock's future performance will hinge on execution of the Tower 2 project and ramp-up of the new WSA business. The robust dividend payout also signals confidence in cash generation.