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EARNINGS NEUTRAL 8/10
Nesco Q3 FY26 Results: Revenue Grows 20% YoY to ₹248 Cr; PAT Dips 4.8% to ₹105 Cr
Nesco Limited reported a robust 20.03% YoY growth in consolidated revenue from operations, reaching ₹247.92 crore for the quarter ended December 31, 2025. However, consolidated Net Profit (PAT) saw a slight decline of 4.82% YoY to ₹104.64 crore, primarily due to a significant 48.3% surge in total expenses. The Foods division emerged as a high-growth segment, with revenue doubling YoY, while the core Realty segment continued to provide stable high-margin contributions.
Key Highlights
Consolidated Revenue from Operations increased 20.03% YoY to ₹247.92 crore from ₹206.54 crore. Consolidated Net Profit (PAT) declined 4.82% YoY to ₹104.64 crore compared to ₹109.94 crore in the previous year. Foods segment revenue surged by 106% YoY to ₹70.43 crore, showing strong growth momentum. Total expenses rose sharply to ₹142.58 crore from ₹96.15 crore YoY, driven by higher material and other operating costs. Realty segment remains the primary profit driver with a segment profit of ₹83.49 crore on revenue of ₹100.11 crore.
💼 Action for Investors Investors should monitor the rising cost structure which has pressured margins despite strong top-line growth. The rapid expansion of the Foods segment is a positive diversification, but the sustainability of its margins needs to be watched in upcoming quarters.