 "Nilkamal surges on good Q4 results")
Nilkamal has surged 10% to Rs 1,370 on the BSE in early morning trade in an otherwise sluggish market after the company reported 50% year on year (YoY) growth in standalone net profit at Rs 33 crore for the quarter ended March 31, 2016 (Q4FY16). The plastic products maker had rgistered a profit of Rs 22 crore in a year ago quarter.
The company’s strong distribution and prudent pricing policies helped to enhance bottom line, Nilkamal said.
Net income however increased by 2.5% at Rs 500 crore against Rs 488 crore in the corresponding quarter of previous fiscal.
EBIDT (earnings before interest depreciation tax) rose by 37.5% at Rs 69 crore on YoY basis. EBIDT margins expanded 347 basis points to 13.66% in Q4FY16 from 10.19% in Q4FY15.
The company’s strong distribution and prudent pricing policies helped to enhance bottom line, Nilkamal said.
Net income however increased by 2.5% at Rs 500 crore against Rs 488 crore in the corresponding quarter of previous fiscal.
EBIDT (earnings before interest depreciation tax) rose by 37.5% at Rs 69 crore on YoY basis. EBIDT margins expanded 347 basis points to 13.66% in Q4FY16 from 10.19% in Q4FY15.
Volume and value growth achieved by the company’s plastic business during Q4FY16 was 6% and 4% respectively.
At 09:32 am, the stock was up 9.8% at Rs 1,366 on the BSE as compared to 0.23% decline in S&P BSE Sensex. A combined 239,659 shares changed hands on the counter on the NSE and BSE so far.