Nesco Limited — Important, 30-01-2025: General Updates

The Board of Directors approved the unaudited financial results for the quarter and nine months ended 31 December 2024. The company reported total income of ₹23,798.79 crore for the quarter, an increase from ₹20,461.42 crore in the same period last year. Profit after tax for the quarter stood at ₹10,993.60 crore, compared to ₹9,374.55 crore in the prior year.

Additionally, the Board has approved the incorporation of a wholly owned subsidiary, Nesco Retail Private Limited, which will focus on developing and managing various amenities across India. Significant changes to senior management personnel were also endorsed. Overall, these developments indicate a positive outlook for Nesco Limited, suggesting potential growth and strategic expansion moving forward.