NESCO standalone net profit declines 24.88% in the March 2021 quarter

Sales decline 36.25% to Rs 75.07 crore

Net profit of NESCO declined 24.88% to Rs 39.74 crore in the quarter ended March 2021 as against Rs 52.90 crore during the previous quarter ended March 2020. Sales declined 36.25% to Rs 75.07 crore in the quarter ended March 2021 as against Rs 117.75 crore during the previous quarter ended March 2020.

For the full year,net profit declined 26.22% to Rs 172.50 crore in the year ended March 2021 as against Rs 233.79 crore during the previous year ended March 2020. Sales declined 32.58% to Rs 291.09 crore in the year ended March 2021 as against Rs 431.73 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales75.07117.75 -36 291.09431.73 -33 OPM %63.3560.62 -63.8164.46 - PBDT55.2682.97 -33 242.08314.66 -23 PBT49.0478.10 -37 216.35292.22 -26 NP39.7452.90 -25 172.50233.79 -26

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