NESCO shares surge 4% on strong Q4 results

Shares of NESCO were trading nearly 5% higher in the May 21st trading session after the company reported its quarterly results.

For the fourth quarter (Q4) on a year-on-year (YoY) basis, NESCO’s net profit surged 24% to Rs 105 crore. Its revenue increased by 20% to Rs 189 crore, while its EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) grew by 17% to Rs 117 crore.

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However, the company’s EBITDA margin stood at 61.9%, slightly lower compared to 63.7% in the corresponding period last year.

As of 10:38 AM the shares were trading 4.28% higher at ₹925.00 on NSE.