Nesco Q1 Review - Gradual Revival In IT Park, Food And Beverage Amid Rising Corporate Events: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Nesco Ltd. reported revenue of Rs 1,031 million, up 42% YoY and 13.2% QoQ. NESCO IT Park’s Q1 FY23 revenue stood at Rs 720 million, up 18.6% YoY and 2.2% QoQ. Nesco’s overall occupancy in Tower 4 (total leasable area ~1.2 million square feet) stood flattish at 95% in Q1 FY23 compared to 94.7% in Q4 FY22. Presently, the company has temporarily occupied space in Tower 4 for its own use and the same is expected to be fully leased out in H2 FY23. Occupancy in Tower 3 increased from 88% in Q4 FY22 to 90% in Q1 FY23; it is expected to be fully leased out in H2 FY23. The average rent for Tower 3 stood at Rs 155/sqft and for Tower 4 at Rs 150/sqft in Q1 FY23..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nesco Q1 Review - Gradual Revival In IT Park, Food And Beverage Amid Rising Corporate Events: Nirmal Bang

Nesco Q1 Review - Gradual Revival In IT Park, Food And Beverage Amid Rising Corporate Events: Nirmal Bang

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