Nilkamal Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2016
January 24, 2017 at 04:22 am EST
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Nilkamal Limited reported unaudited standalone earnings results for the third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported income from operations of INR 5,267.117 million, profit from operations before other income, finance costs and exceptional items of INR 368.688 million, profit from ordinary activities before tax of INR 381.141 million and net profit of INR 282.430 million or INR 18.93 per basic and diluted share (after extraordinary items) compared to income from operations of INR 4,521.697 million, profit from operations before other income, finance costs and exceptional items of INR 345.202 million, profit from ordinary activities before tax of INR 307.363 million and net profit of INR 204.043 million or INR 13.67 per basic and diluted share (after extraordinary items) reported in the same period last year.
For the nine months, the company reported income from operations of INR 15,194.894 million, profit from operations before other income, finance costs and exceptional items of INR 1,214.691 million, profit from ordinary activities before tax of INR 1,228.769 million and net profit of INR 862.410 million or INR 57.79 per basic and diluted share (after extraordinary items) compared to income from operations of INR 14,495.091 million, profit from operations before other income, finance costs and exceptional items of INR 1,126.576 million, profit from ordinary activities before tax of INR 1,057.616 million and net profit of INR 720.606 million or INR 48.29 per basic and diluted share (after extraordinary items) reported in the same period last year.
Nilkamal Limited is an India-based company. The Company is principally engaged in the manufacturing of plastic and metal furniture and material handling products. It operates through two segments: Plastics and Lifestyle Furniture, Furnishings and Accessories. Its business includes Nilkamal Furniture, Nilkamal Sleep, At Home by Nilkamal, Nilkamal Bubbleguard, and Material Handling. Nilkamal Furniture includes plastic molded products. The Company has a network of approximately 20,000 dealers, 1100 distributors and 70 stores spread across the country. Nilkamal Sleep includes mattress and pillows. Athome By Nilkamal is the retail division of the Company and includes furniture, homeware, and accessories. It has approximately 19 stores across 13 cities with an average size of 16,000 square feet. Nilkamal BubbleGUARD is a multi-layer polypropylene board with a unique circular honeycomb structured core. Material handling provides solutions that optimize distribution and production operations.