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Login Open ICICI 3-in-1 Account

Entry Price

600.00

Target

745.00

Recommend Date

19-02-2021

Return

24.17 %
BUY

Date : 19-02-2021

Nesco’s 9MFY21 (and Q3FY21) performance was impacted by virtual closure of Bombay Exhibition Centre (BEC), which was used for Covid Care by BMC and subsequent minimal take-off in hospitality (foods & own events business). For Q3FY21, revenues declined 28.3% YoY at | 82.5 crore, largely impacted by 91.3% decline in BEC revenues and ~53.2% decline in hospitality segment. EBITDA at | 52.9 crore was down 31.6% YoY. PAT at | 48.9 crore for Q3FY21 was down 29.2% YoY.