Nilkamal - Higher Sales Volume In Q3 Held Up The Show: IDBI Capital
A worker arranges a pile of plastic chairs at a logistics and distribution hub. (Photographer: Luis Tato/Bloomberg).

Nilkamal - Higher Sales Volume In Q3 Held Up The Show: IDBI Capital

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Nilkamal Ltd.’s Q3 FY21 result was a tad higher than our estimates on all key parameters.

Healthy sales volume growth of 18% YoY in plastic division supported net sales.

Despite inflationary raw material prices and lower net sales realisation, cost optimisation measures aided Ebitda margin expansion.

Net sales improved by 7.2% YoY to Rs 6,266 million, while Ebitda came at Rs 972 million, up by 42.9% YoY.

The company reported net profit of Rs 536 million, a robust growth of 75.8% over Q3FY20.

Click on the attachment to read the full report:

IDBI Capital Nilkamal Q3FY21 Result Update.pdf

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