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.
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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