Nilkamal rose 7.38% to Rs 1,337.05 at 13:10 IST on BSE after net profit rose 50.53% to Rs 32.65 crore on 2.43% rise in net sales to Rs 500 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 14 May 2016.Meanwhile, the BSE Sensex was down 112 points, or 0.44%, to 25,377.57.
On BSE, so far 80,000 shares were traded in the counter, compared with an average volume of 28,951 shares in the past one quarter. The stock hit a high of Rs 1,372 and a low of Rs 1,293 so far during the day. The stock hit a 52-week high of Rs 1,631 on 13 January 2016. The stock hit a 52-week low of Rs 480 on 3 June 2015. The stock had underperformed the market over the past one month till 13 May 2016, falling 6.56% compared with 0.54% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.58% as against Sensex's 10.89% rise.
The small-cap company has an equity capital of Rs 14.92 crore. Face value per share is Rs 10.
Nilkamal's net profit rose 144.68% to Rs 103.89 crore on 4.62% rise in net sales to Rs 1860.14 crore in the year ended March 2016 over the year ended March 2015.
On a consolidated basis, the company's net profit rose 124.5% to Rs 113.32 crore on 5.7% rise in net sales to Rs 1996 crore in the year ended March 2016 over the year ended March 2015.
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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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