NESCO Ltd's Q4FY18 standalone net profit rises 24.1% yoy to Rs42.78cr

The company’s standalone revenue stood at Rs81.53cr, down 8.3% yoy.

May 16, 2018 11:05 IST India Infoline Research Team


Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 81.53 [8.3]
EBITDA 58.93 11.2
EBITDA Margin (%) 72.28 1,265
Net Profit (adjusted) 42.78 24.1
***EBITDA margin change is bps


Reco. Price


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NESCO Ltd’s Q4FY18 standalone total income decreased by 8.3% yoy to Rs81.5cr from Rs88.9cr in Q4FY17 (net of excise duty). EBITDA (including other income from investment) improved 11.2% yoy to Rs58.9cr, while EBITDA margin jumped to 72.3% in Q4FY18 (59.6% in Q4FY17). Net profit during the quarter increased by ~24% yoy to Rs42.8cr vs. Rs34.5cr in Q4FY17.
• Finance cost decreased by 24% yoy, while depreciation cost increased by 22% yoy. EBITDA growth and decline in finance cost led to 12%    yoy growth in PBT to Rs54.4cr.

• Tax rate was down from 29% in Q4FY17 to 21.4% in Q4FY18, which further supported 24% yoy increase in net profit to Rs42.8cr.

• NESCO IT park revenue de-grew by 15.8% yoy to Rs31.3cr, while EBIT margin declined from 91.7% in Q4FY17 to 89.4% in Q4FY18.

• Bombay Exhibition Centre revenue was up 10.9% yoy to Rs34.4cr, while EBIT margin came in at ~81% as against 60% in Q4FY17. 

• Indabrator division sales were down 33.5% yoy to Rs7cr, however EBIT margin improved to 11.7% vs 1.3% in Q4FY17. 

• Investments/ other income has declined 46.8% yoy to ~Rs6cr during the quarter.
Technical View:

NESCO Ltd ended at Rs. 565.40, up by 6.6 points or 1.18% from its previous closing of Rs. 558.80 on the BSE.
The scrip opened at Rs. 562.55 and touched a high and low of Rs. 569.70 and Rs. 560.05 respectively. A total of 39,382 (NSE+BSE) shares were traded on the counter. The stock traded below its 100 DMA.

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