Nesco shares fall over 3% after mixed Q1 results as EBITDA margin narrows
Author: CNBC-TV18 Markets·
Key Takeaways
- •Nesco shares dropped more than 3% after the company reported mixed first-quarter results.
- •Q1 EBITDA fell 7.2% year over year to ₹102.4 crore from ₹110.3 crore.
- •The EBITDA margin narrowed to 48.3% from 57% in the same period last year.
- •The margin decline highlights weaker operating efficiency in the quarter.
Nesco shares slipped more than 3% after the company reported mixed first-quarter results, with earnings before interest, taxes, depreciation and amortisation (EBITDA) under pressure. For investors tracking the stock, the key focus is not just the headline decline, but the tighter margin profile, since EBITDA margin is often watched as a sign of how efficiently a company is converting revenue into operating profit.
Nesco's Q1 EBITDA declined 7.2% to ₹102.4 crore from ₹110.3 crore in the year-ago period. The EBITDA margin also narrowed to 48.3% from 57% a year earlier.