 "Nilkamal dips post Q2 results")
Nilkamal has dipped 6.5% to Rs 1,536 on BSE in intra-day trade after the company's net profit was flat at Rs 26.33 crore for the quarter ended September 30, 2016 (Q2FY17), due to lower volume growth. The plastic products maker had posted a profit of Rs 26.12 crore in the same quarter last fiscal.
Total income from operations of the company during the quarter under review declined 2% to Rs 501 crore against Rs 511 crore in the corresponding quarter of previous fiscal.
Plastic business exhibits volume growth of 5% year on year (YoY) in Q2F17 against 6% YoY volume growth achieved in Q2FY16.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin remain unchanged at 10.7% as compared to previous year quarter.
The board has recommended interim dividend of 40% (Rs 4 per share) for the financial year 2016-2017.
The company has fixed November 12, 2016 as the record date for the purpose of payment of interim dividend. The said dividend shall be paid / dispatched on or after November 15, 2016.
At 12:53 pm, the stock was down 5% at Rs 1,555 on BSE, as compared to 0.93% rise in the S&P BSE Sensex. A combined 286,940 shares changed hands on the counter on BSE and NSE so far.
Total income from operations of the company during the quarter under review declined 2% to Rs 501 crore against Rs 511 crore in the corresponding quarter of previous fiscal.
Plastic business exhibits volume growth of 5% year on year (YoY) in Q2F17 against 6% YoY volume growth achieved in Q2FY16.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin remain unchanged at 10.7% as compared to previous year quarter.
The board has recommended interim dividend of 40% (Rs 4 per share) for the financial year 2016-2017.
The company has fixed November 12, 2016 as the record date for the purpose of payment of interim dividend. The said dividend shall be paid / dispatched on or after November 15, 2016.
At 12:53 pm, the stock was down 5% at Rs 1,555 on BSE, as compared to 0.93% rise in the S&P BSE Sensex. A combined 286,940 shares changed hands on the counter on BSE and NSE so far.
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