Nesco Limited has reported strong financial performance for the quarter and year ended March 31, 2026. The company recorded an annual standalone profit after tax of ₹412.80 crore and recommended a final dividend of ₹7 per equity share. Furthermore, the Board has approved the appointment of Mr. Rajesh G. Upadhyay as Executive Director (Commercial & Operations) and reconstituted its Board committees to ensure continued operational excellence and effective corporate governance.
Financial Highlights
For the financial year ended March 31, 2026, Nesco Limited achieved a total income of ₹1,031.58 crore. The standalone profit after tax reached ₹412.80 crore, compared to ₹375.22 crore in the previous year. For the quarter ending March 31, 2026, the company reported a standalone profit of ₹93.05 crore.
Dividend and Annual General Meeting
The Board has recommended a final dividend of ₹7 per equity share (face value of ₹2 each) for the financial year 2025-26, surpassing the previous year’s dividend of ₹6.50 per share. The record date for the dividend and the 67th Annual General Meeting (AGM) has been set for July 20, 2026. The AGM will be conducted via video conference on July 27, 2026.
Leadership and Governance Changes
In a move to strengthen its leadership, the Board has appointed Mr. Rajesh G. Upadhyay as an Additional Director and Whole-time Director, designated as Executive Director (Commercial & Operations), effective June 1, 2026. Mr. Upadhyay brings over 45 years of extensive experience in manufacturing and engineering. Additionally, the company has reconstituted its Board and various committees, including the Audit, Nomination & Remuneration, and Risk Management committees, effective June 1, 2026.
Auditor Re-appointments
The company has finalized its audit partners for the upcoming financial year. Deloitte Touche Tohmatsu India LLP has been re-appointed as Internal Auditors for FY 2026-27, and M/s. Y. S. Thakar & Co. has been re-appointed as Cost Auditors for the Indabrator division for the same period.
Source: BSE
