Nelco hit a new high today at Rs.210.05, going up 5%. It has come off the high and is now at Rs.205.50, up some 3%.
The market is extremely enthused with its performance for Q4FY18. It posted a jaw dropping 300% (YoY) jump in net profit at Rs.4 crore on a 5% rise in revenue at Rs.39 crore.
There was a 5% drop in total expenses but this was more than offset by a 129% tax outgo.
The lower expenses helped shore up the EBITDA – it was up 100% at Rs.8 crore while margins doubled up from 10.8% to 20.5%.