NESCO Ltd's Q3FY19 standalone net profit declines 4.15% yoy to Rs42.04cr : In-line with Estimates

The company’s standalone revenue stood at Rs88.53cr, up 9.81% yoy but down 11.5% qoq.

Feb 14, 2019 09:02 IST India Infoline Research Team


Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 88.53 9.8
EBITDA 50.45 [13.8]
EBITDA Margin (%) 57 [1,560]
Net Profit (adjusted) 42.04 [4.2]
***EBITDA margin change is bps
NESCO’s December quarter numbers met the consensus estimates for the key performance parameters. Revenue increased by 9.8% yoy to Rs88.5cr vs. Rs80.6cr in Q3FY18, beating the estimates by 2.5%. EBITDA for the current quarter declined by 13.8% yoy to Rs50.5cr as compared to Rs58.5cr for the same period last year, missing the estimates by 10.7%. EBITDA margin declined from 72.6% in Q3FY18 to 57% in Q3FY19. Profit after taxes came at Rs42cr in Q3FY19 vs. Rs43.9cr in Q3FY18, just met the consensus estimates.

Technical View:

NESCO Ltd is currently trading at Rs. 440.05, up by 2.1 points or 0.48% from its previous closing of Rs. 437.95 on the BSE.
The scrip opened at Rs. 436.15 and has touched a high and low of Rs. 442.65 and Rs. 436.15 respectively. So far 9,344 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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