NESCO's Q1 financials show negative performance with some positive aspects

NESCO, a midcap company in the capital goods industry, recently declared its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO. According to the financials, NESCO has seen a negative performance in the quarter, with a score of -7 compared to 15 in the previous three months. However, there are some positive aspects to the company's financials. NESCO has shown a strong operating cash flow, with the highest annual amount of Rs 375.52 crore and consistent growth over the past three years. The company has also been distributing higher dividends to its shareholders, with the highest dividend per share of Rs 6.00 in the last five years. On the other hand, there are some concerning factors in NESCO's financials. The profit before tax (PBT) has fallen by 20.8% compared to the average of the previous four quarters, and the profit after tax (PAT) has also seen a decline of 23.1%. The net sales have also fallen by 16.6% compared to the average of the previous four quarters. The company's operating profit and profit margin have also decreased, indicating a decline in efficiency. The earnings per share (EPS) have also decreased, showing a decline in profitability for shareholders. Overall, NESCO's financial performance for the quarter ending June 2024 has been negative, with some positive aspects but also some concerning factors. Investors may want to carefully consider these financials before making any decisions regarding the company's stock.