Nilkamal lost 4.12% to Rs 2,166.60 at 09:51 IST on BSE after net profit declined 1.56% to Rs 32.21 crore on 6.9% rise in net sales to Rs 531.87 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 11 May 2017.Meanwhile, the S&P BSE Sensex was down 49.10 points, or 0.16%, to 30,201.88. The S&P BSE Mid-Cap index was down 121.29 points, or 0.81%, to 14,835.84.
On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 15,224 shares in the past one quarter. The stock hit a high of Rs 2,223.30 and a low of Rs 2,124.15 so far during the day. The stock hit a record high of Rs 2,274.85 on 11 May 2017. The stock hit a 52-week low of Rs 1,085 on 24 June 2016.
The mid-cap company has an equity capital of Rs 14.92 crore. Face value per share is Rs 10.
Nilkamal's net profit rose 13.05% to Rs 118.45 crore on 5.33% rise in net sales to Rs 1956.65 crore in the year ended 31 March 2017 over the year ended 31 March 2016.
On a consolidated basis, the company's net profit rose 7.42% to Rs 122.52 crore on 5.06% rise in net sales to Rs 2023.96 crore in the year ended 31 March 2017 over the year ended 31 March 2016.
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Nilkamal makes moulded furniture and material handling products. It has a diversified product profile across various segments along with a diversified customer base including household customers, industrial customers and retail buyers. It is also having its presence in the retail business of lifestyle furniture, furnishings and accessories under its brand '@home' and Nilkamal Mattresses.
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