India’s infrastructure dreams usually swing between metro stations that never finish and highway dhabas that never close. In the middle of that chaos, Nesco—famous for its Goregaon exhibition grounds and IT parks—has quietly turned itself into a mini-conglomerate. The Q1 FY26 investor presentation shows not just steady growth, but a new gamble:wayside amenitieson national highways. Yes, the same company that once made shot-blasting machines now wants to run fuel stations, food courts, and parking bays.

Here’s the kicker: Q1 income from operations was ₹98 crore (+11.9% YoY), IT towers enjoy 100% occupancy, and the exhibition/events business is rebounding with 2mn+ footfalls. But the real plot twist? Tower 2 (5 million sq. ft. IT Park + hotel with 732 rooms) has approvals in hand, meaning Nesco is going full DLF-lite while keeping its balance sheet squeaky clean.

Stick around—things get spicier two scrolls down.

AT A GLANCE

• Q1 revenue ₹98 cr (+11.9%) – steady, like Mumbai rent hikes• IT Towers 3 & 4 at 100% occupancy – MNCs can’t resist Goregaon traffic jams• Exhibition biz ₹38 cr (+72% YoY) – weddings, raves, and Bryan Adams all count• Foods arm fed 80,000 meals/day – proving biryani is more scalable than AI• Tower 2 approved – 5 mn sq. ft. + 732-room hotel = Goregaon Vegas• ₹400 cr capex for highway “wayside amenities” – dhabas, but make them corporate

MANAGEMENT’S KEY COMMENTARY

1. “Q1 saw double-digit growth across income streams.”→ Translation: All our halls were booked—from auto expos to kids’ carnivals.
2. “Our IT Towers run at 100% occupancy with marquee clients.”→ Translation: Goregaon’s rent is now pricier than your Bandra landlord’s excuses.
3. “Exhibition business recorded 2mn+ footfalls.”→ Translation: Half of Mumbai has already seen our air-conditioned halls.
4. “Tower 2 construction approvals are in place.”