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