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NESCO Q1FY21; consolidated net profit rises ~35% yoy

NESCO Ltd announced its quarterly results on August 14, 2020.Consolidated net revenue in Q1FY21 stood at Rs69.34cr, which declined by 11.39% yoy from Rs78.26cr in Q1FY20.

EBITDA stood at Rs49.68cr in Q1FY21 that increased by 1.97% yoy.For Q1FY20, it had posted EBITDA of Rs48.72cr.EBITDA margin as of Q1FY21 was at 71.65% that increased by 9.39% yoy against the same quarter, the previous year.

The consolidated net profit in Q1FY21 came in at Rs51.33cr that increased by 35.43% yoy, as compared to Q1FY20, when it had reported
Rs37.90cr.The net profit margin in Q1FY21 came in at 74.02% that increased by 25.59% yoy.The net profit margin for Q1FY20 was at 48.43%.

At around 12:46 pm, the share is trading at Rs544.5 with gains of 10.24% on BSE.

particularsQ1FY21
(Rs in cr)Q1FY20
(Rs in cr)% VARNet Revenue 69.3478.26-11.39Operating profit49.6848.721.97Net profit51.3337.9035.43EBITDAM%71.6562.269.39pATM%74.0248.4325.59
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