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The sales moved up 28.29% to Rs. 1150.80 millions for the December 2019 quarter as compared to Rs. 897.04 millions during the year-ago period.Handsome Net Profit growth of 64.37% reported above the corresponding previous quarter figure of Rs. 690.98 millions to Rs. 420.39 millions.Operating profit surged to 908.91 millions from the corresponding previous quarter of 634.25 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 1150.80 897.04 28.29 3139.80 2652.06 18.39 3590.53 3044.03 17.95 Other Income 136.16 117.99 15.40 288.88 200.75 43.90 330.09 360.63 -8.47 PBIDT 908.91 634.25 43.30 2358.05 1846.08 27.73 2642.73 2516.70 5.01 Interest 16.52 9.41 75.56 41.19 32.91 25.16 47.11 55.47 -15.07 PBDT 892.39 624.84 42.82 2316.87 1813.17 27.78 2595.62 2461.23 5.46 Depreciation 70.16 33.04 112.35 175.69 93.19 88.53 118.74 110.27 7.68 PBT 822.23 591.80 38.94 2141.18 1719.99 24.49 2476.88 2350.96 5.36 TAX 131.25 171.41 -23.43 332.29 443.32 -25.05 675.07 584.03 15.59 Deferred Tax 2.04 11.77 -82.67 -38.31 -50.91 -24.75 -53.04 -40.77 30.10 PAT 690.98 420.39 64.37 1808.89 1276.67 41.69 1801.83 1766.93 1.98 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 78.98 70.70 11.70 75.10 69.61 7.89 73.60 82.68 -10.98
NESCO is currently trading at Rs. 667.80, up by 7.90 points or 1.20% from its previous closing of Rs. 659.90 on the BSE.The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 672.60 and Rs. 663.00 respectively. So far 266 shares were traded on the counter.The BSE group `A` stock of face value Rs. 2 has touched a 52 week high of Rs. 712.00 on 24-Dec-2019 and a 52 week low of Rs. 420.00 on 18-Feb-2019.Last one week high and low of the scrip stood at Rs. 692.05 and Rs. 652.00 respectively. The current market cap of the company is Rs. 4734.91 crore.The promoters holding in the company stood at 68.19%, while Institutions and Non-Institutions held 8.11% and 23.70% respectively.NESCO has incorporated a Section 8 Company as its Wholly Owned Subsidiary (WOS) namely, ‘Nesco Foundation for Innovation and Development’. The company has been incorporated to carry out CSR activities of the Company and other activities. It is been incorporated with an initial subscription of 10,000 equity shares of Rs 10 each. NESCO is a tool manufacturing company. The company’s engineering products include forging hammers and presses, blowroom lines and high production cards for the textile industry, and sucker rod pumps for onshore oil recovery. The company also provides equipment to the Indian Railways, numerous Ordnance Factories, and Forging Plants.
The revenue zoomed 20.60% to Rs. 1206.45 millions for the quarter ended September 2019 as compared to Rs. 1000.37 millions during the corresponding quarter last year.Good Net Profit growth of 49.98% reported above the corresponding previous quarter figure of Rs. 493.11 millions to Rs. 739.58 millioins.The company reported a good operating profit of 949.19 millions compared to 711.25 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201909 201809 % Var 201909 201809 % Var 201903 201803 % Var Sales 1206.45 1000.37 20.60 1989.00 1755.02 13.33 3590.53 3044.03 17.95 Other Income 139.95 50.95 174.68 152.72 82.76 84.53 330.09 360.63 -8.47 PBIDT 949.19 711.25 33.45 1449.14 1211.83 19.58 2642.73 2516.70 5.01 Interest 13.79 14.16 -2.61 24.67 23.50 4.98 47.11 55.47 -15.07 PBDT 935.40 697.09 34.19 1424.48 1188.33 19.87 2595.62 2461.23 5.46 Depreciation 74.67 30.37 145.87 105.53 60.15 75.44 118.74 110.27 7.68 PBT 860.73 666.72 29.10 1318.95 1128.19 16.91 2476.88 2350.96 5.36 TAX 121.15 173.61 -30.22 201.04 271.91 -26.06 675.07 584.03 15.59 Deferred Tax 4.13 -21.88 -118.88 -40.35 -62.68 -35.63 -53.04 -40.77 30.10 PAT 739.58 493.11 49.98 1117.91 856.28 30.55 1801.83 1766.93 1.98 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 78.68 71.10 10.66 72.86 69.05 5.52 73.60 82.68 -10.98
With no major difference for the quarter endedJune 2019 , the total revenue stood at Rs. 782.55 millions.Net profit for the quarter ended June 2019 increases to Rs. 378.33 millions from Rs. 363.17 millions.A decline of 499.95 millions was observed in the OP in the quarter ended June 2019 from 500.58 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 782.55 754.65 3.70 782.55 754.65 3.70 3590.53 3044.03 17.95 Other Income 12.77 31.81 -59.86 12.77 31.81 -59.86 330.09 360.63 -8.47 PBIDT 499.95 500.58 -0.13 499.95 500.58 -0.13 2642.73 2516.70 5.01 Interest 10.88 9.34 16.49 10.88 9.34 16.49 47.11 55.47 -15.07 PBDT 489.08 491.24 -0.44 489.08 491.24 -0.44 2595.62 2461.23 5.46 Depreciation 30.86 29.78 3.63 30.86 29.78 3.63 118.74 110.27 7.68 PBT 458.22 461.47 -0.70 458.22 461.47 -0.70 2476.88 2350.96 5.36 TAX 79.89 98.30 -18.73 79.89 98.30 -18.73 675.07 584.03 15.59 Deferred Tax -44.48 -40.80 9.02 -44.48 -40.80 9.02 -53.04 -40.77 30.10 PAT 378.33 363.17 4.17 378.33 363.17 4.17 1801.83 1766.93 1.98 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 63.89 66.33 -3.69 63.89 66.33 -3.69 73.60 82.68 -10.98
NESCO is currently trading at Rs. 458.50, up by 1.25 points or 0.27% from its previous closing of Rs. 457.25 on the BSE.The scrip opened at Rs. 457.30 and has touched a high and low of Rs. 468.00 and Rs. 457.00 respectively. So far 4150 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 647.20 on 16-Jan-2018 and a 52 week low of Rs. 405.00 on 08-Oct-2018.Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 452.20 respectively. The current market cap of the company is Rs. 3239.75 crore.The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 7.81% and 24.01% respectively.The company has reported marginal rise of 1.90% in its net profit at Rs 49.31 crore for second quarter ended September 30, 2018 as compared to Rs 48.39 crore for the same quarter in the previous year. Total income of the company increased by 13.57% at Rs 105.13 crore for Q2FY19 as compared Rs 92.57 crore for the corresponding quarter previous year.NESCO is a tool manufacturing company. The company’s engineering products include forging hammers and presses, blowroom lines and high production cards for the textile industry, and sucker rod pumps for onshore oil recovery. The company also provides equipment to the Indian Railways, numerous Ordnance Factories, and Forging Plants.
The Revenue for the quarter ended June 2018 of Rs. 754.65 millions grew by 14.89 % from Rs. 656.84 millions.The Company`s Net profit for the June 2018 quarter have declined marginally to Rs. 363.17 millions as against Rs. 416.93 millions reported during the corresponding quarter ended.Operating profit for the quarter ended June 2018 decreased to 500.58 millions as compared to 575.71 millions of corresponding quarter ended June 2017. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 754.65 656.84 14.89 754.65 656.84 14.89 3044.03 3085.62 -1.35 Other Income 31.81 123.47 -74.24 31.81 123.47 -74.24 360.63 429.82 -16.10 PBIDT 500.58 575.71 -13.05 500.58 575.71 -13.05 2516.70 2568.87 -2.03 Interest 9.34 12.54 -25.52 9.34 12.54 -25.52 55.47 50.34 10.19 PBDT 491.24 563.17 -12.77 491.24 563.17 -12.77 2461.23 2518.53 -2.28 Depreciation 29.78 23.70 25.65 29.78 23.70 25.65 110.27 81.30 35.63 PBT 461.47 539.47 -14.46 461.47 539.47 -14.46 2350.96 2437.23 -3.54 TAX 98.30 122.54 -19.78 98.30 122.54 -19.78 584.03 743.01 -21.40 Deferred Tax -40.80 -11.23 263.31 -40.80 -11.23 263.31 -40.77 110.51 -136.89 PAT 363.17 416.93 -12.89 363.17 416.93 -12.89 1766.93 1694.22 4.29 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 66.33 87.65 -24.32 66.33 87.65 -24.32 82.68 83.25 -0.69
The sales is pegged at Rs. 806.20 millions for the December 2017 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 908.01 millions during the year-ago period.The Net proft of the company remain more or less same to Rs. 438.26 millions from Rs. 561.87 millions ,decline by -22.00%.Operating profit for the quarter ended December 2017 decreased to 662.38 millions as compared to 737.56 millions of corresponding quarter ended December 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 806.20 908.01 -11.21 2288.61 2277.74 0.48 3085.62 2641.73 16.80 Other Income 77.17 79.06 -2.39 300.73 321.30 -6.40 429.82 329.03 30.63 PBIDT 662.38 737.56 -10.19 1927.38 2035.55 -5.31 2568.87 2213.89 16.03 Interest 15.51 10.24 51.46 40.52 43.01 -5.79 50.34 39.58 27.19 PBDT 646.87 727.33 -11.06 1886.86 1992.55 -5.30 2518.53 2174.32 15.83 Depreciation 29.35 20.20 45.30 80.14 56.52 41.79 81.30 67.01 21.33 PBT 617.52 707.13 -12.67 1806.71 1936.03 -6.68 2437.23 2107.28 15.66 TAX 179.26 145.26 23.41 467.58 539.49 -13.33 743.01 665.92 11.58 Deferred Tax 10.73 20.79 -48.39 3.05 68.52 -95.55 110.51 78.01 41.66 PAT 438.26 561.87 -22.00 1339.13 1396.55 -4.11 1694.22 1441.36 17.54 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 82.16 81.23 1.15 84.22 89.37 -5.76 83.25 83.80 -0.66
The company witnessed a 6.59% growth in the revenue at Rs. 825.57 millions for the quarter ended September 2017 as compared to Rs. 774.53 millions during the year-ago period.Net profit for the quarter ended September 2017 increases to Rs. 483.94 millions from Rs. 476.05 millions.Operating Profit reported a sharp decline to 689.29 millions from 756.89 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 825.57 774.53 6.59 1482.41 1369.73 8.23 3085.62 2641.73 16.80 Other Income 100.09 143.95 -30.47 223.56 242.24 -7.71 429.82 329.03 30.63 PBIDT 689.29 756.89 -8.93 1265.00 1297.99 -2.54 2568.87 2213.89 16.03 Interest 12.47 20.01 -37.68 25.01 32.77 -23.68 50.34 39.58 27.19 PBDT 676.82 736.88 -8.15 1239.99 1265.22 -1.99 2518.53 2174.32 15.83 Depreciation 27.09 18.54 46.12 50.79 36.32 39.84 81.30 67.01 21.33 PBT 649.72 718.34 -9.55 1189.19 1228.90 -3.23 2437.23 2107.28 15.66 TAX 165.78 242.30 -31.58 288.32 394.23 -26.87 743.01 665.92 11.58 Deferred Tax 3.55 23.80 -85.08 -7.68 47.73 -116.09 110.51 78.01 41.66 PAT 483.94 476.05 1.66 900.87 834.68 7.93 1694.22 1441.36 17.54 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 83.49 97.72 -14.56 85.33 94.76 -9.95 83.25 83.80 -0.66
The revenue zoomed 10.36% to Rs. 656.84 millions for the quarter ended June 2017 as compared to Rs. 595.20 millions during the corresponding quarter last year.The Company has registered profit of Rs. 416.93 millions for the quarter ended June 2017, a growth of 16.26% over Rs. 358.63 millions millions achieved in the corresponding quarter of last year.OP of the company witnessed a marginal growth to 575.71 millions from 541.10 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 656.84 595.20 10.36 656.84 595.20 10.36 3085.62 2641.73 16.80 Other Income 123.47 98.29 25.62 123.47 98.29 25.62 429.82 329.03 30.63 PBIDT 575.71 541.10 6.40 575.71 541.10 6.40 2568.87 2213.89 16.03 Interest 12.54 12.76 -1.72 12.54 12.76 -1.72 50.34 39.58 27.19 PBDT 563.17 528.34 6.59 563.17 528.34 6.59 2518.53 2174.32 15.83 Depreciation 23.70 17.78 33.30 23.70 17.78 33.30 81.30 67.01 21.33 PBT 539.47 510.56 5.66 539.47 510.56 5.66 2437.23 2107.28 15.66 TAX 122.54 151.93 -19.34 122.54 151.93 -19.34 743.01 665.92 11.58 Deferred Tax -11.23 23.93 -146.93 -11.23 23.93 -146.93 110.51 78.01 41.66 PAT 416.93 358.63 16.26 416.93 358.63 16.26 1694.22 1441.36 17.54 Equity 140.92 140.92 0.00 140.92 140.92 0.00 140.92 140.92 0.00 PBIDTM(%) 87.65 90.91 -3.59 87.65 90.91 -3.59 83.25 83.80 -0.66
Nesco has informed that a meeting of the Board of Directors of the Company is scheduled to be held on February 09, 2017, to consider and approve the Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2016. As per the Code of Conduct for Prevention of Insider Trading in the Securities of the Company, the Trading Window shall remain closed for all the Directors / Officers / Designated Employees / Specified Persons of the Company from the opening of the trading hours on February 03, 2017 till closure of the trading hours on February 13, 2017.The above information is a part of company’s filings submitted to BSE.
NESCO has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, August 10, 2016, to consider and approve the Standalone Unaudited Financial Results for the quarter ended June 30, 2016. As per the Code of Conduct for Prevention of Insider Trading in the securities of the Company, the trading window shall remain closed for all Directors / Officers / Designated Employees/ Specified Persons of the Company from the opening of the trading hours on August 05, 2016 till closure of the trading hours on August 12, 2016.The above information is a part of company’s filings submitted to BSE.
Nesco has submitted a copy of Newspaper Advertisement of Notice regarding 57th Annual General Meeting of the Company held on August 10, 2016 published on July 18, 2016.The above information is a part of company’s filings submitted to BSE.