Nilkamal surged 5.57% to Rs 127 at 9:54 IST on BSE after net profit jumped 29.5% to Rs 12.55 crore on 10.5% growth in net sales to Rs 420.52 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Thursday, 31 October 2013.
Meanwhile, the S&P BSE Sensex was up 41.61 points or 0.2% at 21,206.33.
On BSE, 22,000 shares were traded in the counter as against average daily volume of 14,593 shares in the past one quarter.
The stock hit a high of Rs 132.25 and a low of Rs 123.40 so far during the day. The stock had hit a 52-week high of Rs 266.10 on 12 November 2012. The stock had hit a 52-week low of Rs 94.75 on 29 August 2013.
The stock outperformed the market over the past one month till 31 October 2013, surging 24.99% as compared to the Sensex's 9.21% rise. The scrip had also outperformed the market in the past one quarter, jumping 10.82% compared with the Sensex's 9.4% rise.
The small-cap company has equity capital of Rs 14.92 crore. Face value per share is Rs 10.
Nilkamal's EBITDA (earnings before interest, taxation, depreciation and amortization) rose 23.96% to Rs 42.63 crore in Q2 September 2013 over Q2 September 2012.
Nilkamal spent Rs 9.78 crore towards capital expenditure in Q2 September 2013 for the company's plastic division and Rs 3.28 crore towards the new distribution center coming up at Uran for its retail division.
Nilkamal's Indo-German joint venture (JV) viz Nilkamal Bito Storage Systems attained turnover of Rs 22.69 crore in Q2 September 2013, up from Rs 16.79 crore in Q2 September 2012. The company's Indo-US JV viz. Cambro Nilkamal attained turnover of Rs 4.64 crore, up from Rs 4.57 crore a year ago.
Nilkamal's subsidiary company viz. Nilkamal Crates and Bins FZE at Ajman, UAE has performed satisfactorily while the other subsidiary Eswaran Plastics at Srilanka has exhibited insignificant loss, Nilkamal said in a statement.
Nilkamal is in 5 key businesses viz. material handling crates, containers and bins, moulded furniture such as chairs, tables and cabinets, custom mouldings & OEM supplies for specific customers, the Mega Home Store Retail Chain and service Products for hospitality industry.
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