NESCO announced that the 59th Annual General Meeting (AGM) of the company will be held on 8 August 2018.

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Net profit of NESCO rose 24.07% to Rs 42.78 crore in the quarter ended March 2018 as against Rs 34.48 crore during the previous quarter ended March 2017. Sales declined 2.70% to Rs 75.54 crore in the quarter ended March 2018 as against Rs 77.64 crore during the previous quarter ended March 2017.

For the full year,net profit rose 4.29% to Rs 176.69 crore in the year ended March 2018 as against Rs 169.42 crore during the previous year ended March 2017. Sales declined 0.69% to Rs 303.65 crore in the year ended March 2018 as against Rs 305.75 crore during the previous year ended March 2017.

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Nesco announced that the Board of Directors of the Company at its meeting held on 16 May 2018, inter alia, has recommended the final dividend of Rs.2.30 per share (i.e.115%), subject to the approval of the shareholders.

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NESCO will hold a meeting of the Board of Directors of the Company on 16 May 2018, inter alia, to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2018, and to recommend payment of final dividend for the financial year ended March 31, 2018.

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