Nilkamal has soared 11% to Rs 233 after reporting nearly three-fold jump in net profit at Rs 14.13 crore for the quarter ended March 31 2014 (Q4), on back of strong operational performance. The plastic products maker had profit of Rs 4.79 crore in the same quarter year ago.
Net sales however, grew marginally 5.2% to Rs 461 crore during the quarter under review against Rs 438 crore in the corresponding quarter of previous fiscal. Total expenditure rose 1.9% at Rs 433 crore on year on year basis.
Nilkamal said the efficient management of resources and sales organization improvement together with focus on cost reduction helped the company perk up its profitability levels.
Inspite of the sluggish demand, volatility in raw material prices, slow paced inflation and the increased pressure of the unorganized market in the plastic sector, the company has anticipates to come around strongly in the current financial year 2014-15.
The stock opened at Rs 225 and hit a 52-week high of Rs 243 on the NSE. A combined 344,691 shares changed hands on the counter so far on the NSE and BSE.
Net sales however, grew marginally 5.2% to Rs 461 crore during the quarter under review against Rs 438 crore in the corresponding quarter of previous fiscal. Total expenditure rose 1.9% at Rs 433 crore on year on year basis.
Nilkamal said the efficient management of resources and sales organization improvement together with focus on cost reduction helped the company perk up its profitability levels.
Inspite of the sluggish demand, volatility in raw material prices, slow paced inflation and the increased pressure of the unorganized market in the plastic sector, the company has anticipates to come around strongly in the current financial year 2014-15.
The stock opened at Rs 225 and hit a 52-week high of Rs 243 on the NSE. A combined 344,691 shares changed hands on the counter so far on the NSE and BSE.
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