NESCO has reported results for second quarter ended September 30, 2018.
The company has reported marginal rise of 1.90% in its net profit at Rs 49.31 crore for the quarter under review 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.