 "Nilkamal extends rally post Q1 results; zooms 100% in one month")
Shares of Nilkamal have soared by 16% to Rs 1,130, extending their previous day’s 6% rally on the NSE after the company reported an almost five-fold jump in its standalone net profit at Rs 25.30 crore for the quarter ended June 30, 2015 (Q1) on the back of strong operational performance. The plastic products maker had posted a profit of Rs 5.47 crore in the same quarter a year ago.
Total income from operations of the company grew by 9.8% at Rs 458 crore in the June quarter against Rs 417 crore in the corresponding quarter of previous fiscal. Total expenditure grew by 3.7% at Rs 418 crore on a year-on-year basis.
The company said that it is undergoing a transformative program focusing on the enhancement of strategic and operational efficiencies of all its businesses. This will enable the company to be on an accelerated growth path with improved efficiency and profitability, it added.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved by nearly 500 basis points to 11.87% in June from 6.99% in a year ago quarter.
The stock hit a record high of Rs 1,159 on the NSE in early morning trades and has rallied 100% in the past one month from Rs 580 on July 3, 2015.
The trading volumes on the counter more than doubled, with a combined 1.1 million shares changing hands on the BSE and NSE till 12:50 PM.
Total income from operations of the company grew by 9.8% at Rs 458 crore in the June quarter against Rs 417 crore in the corresponding quarter of previous fiscal. Total expenditure grew by 3.7% at Rs 418 crore on a year-on-year basis.
The company said that it is undergoing a transformative program focusing on the enhancement of strategic and operational efficiencies of all its businesses. This will enable the company to be on an accelerated growth path with improved efficiency and profitability, it added.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved by nearly 500 basis points to 11.87% in June from 6.99% in a year ago quarter.
The stock hit a record high of Rs 1,159 on the NSE in early morning trades and has rallied 100% in the past one month from Rs 580 on July 3, 2015.
The trading volumes on the counter more than doubled, with a combined 1.1 million shares changing hands on the BSE and NSE till 12:50 PM.
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