IDBI Capital: Nilkamal Delivers Strong Q2 Performance On All Parameters 

IDBI Capital: Nilkamal Delivers Strong Q2 Performance On All Parameters

Material handling products by Nilkamal Ltd. (image: Company website)

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IDBI Capital Report

Nilkamal Ltd.’s Q2 FY21 result was a beat to our estimates.

After a dismal performance in Q1 FY21, the company has rebounded to its earlier growth trajectory, which we earlier anticipated to reflect in Q3 FY21E.

Net sales was down by 7.2% YoY to Rs 5,343 million, while Ebitda came at Rs 869 million, up by 21.1% YoY.

The company reported net profit of Rs 497 million, increased by 5.8% YoY.

Click on the attachment to read the full report:

IDBI Capital Nilkamal Q2FY21 Result Update.pdf
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