Nilkamal Reports 30.27% Growth in Net Profit for Q2 FY25
Nilkamal, a leading furniture manufacturer, has announced a significant 30.27% increase in its net consolidated profit for the second quarter of FY25. The company's financial performance also saw a 5.44% rise in total income.
NilkamalNet ProfitFurniture IndustryHosurFinancial PerformanceReal Estate NewsOct 28, 2024
The company's net consolidated total income in Q2 FY25 was Rs 824.37 crore, marking a 5.44% increase compared to Rs 781.85 crore recorded in the same quarter last year. As of September 30, 2024, Nilkamal's net worth was Rs 1,431.41 crore, with a debt-equity ratio of 0.22 and a total debts to total assets ratio of 0.13. The current liability ratio was 0.63, indicating a healthy financial position.
The operating margin for Q2 FY25 was 9.68%, and the net profit margin stood at 3.97%. These figures reflect the company's efficient management and strong market position.
Nilkamal has also made significant capital expenditures, with Rs 99 crore spent in Q2 FY25 and Rs 172 crore in the first half of FY25. The company is set to commence commercial production at its Hosur plant in Q4 FY25, which is expected to further boost its operational efficiency and capacity.
As of September 30, 2024, the total net borrowing of the company was Rs 305 crore, up from Rs 240 crore in the same period last year. This increase in borrowings is aligned with the company's strategic expansion plans.
Nilkamal has been a leader in the furniture industry for several decades, known for its high-quality products and customer-centric approach. The company's recent financial performance is a testament to its robust business strategies and market adaptability.
For more insights into Nilkamal's financial health and future plans, stay tuned to our updates.
Frequently Asked Questions
What was the net profit of Nilkamal in Q2 FY25?
Nilkamal reported a net profit of Rs 32.62 crore in Q2 FY25.
How much did Nilkamal's net consolidated total income grow in Q2 FY25?
Nilkamal's net consolidated total income grew by 5.44% to Rs 824.37 crore in Q2 FY25.
What is Nilkamal's net worth as of September 30, 2024?
Nilkamal's net worth as of September 30, 2024, was Rs 1,431.41 crore.
When is the commercial production expected to start at Nilkamal's Hosur plant?
Commercial production at Nilkamal's Hosur plant is expected to commence in Q4 FY25.
What was the total net borrowing of Nilkamal as of September 30, 2024?
The total net borrowing of Nilkamal as of September 30, 2024, was Rs 305 crore.
Related News Articles
Union Budget 2024-25: Real Estate Leaders Share Expectations for Growth and Reforms
Indian real estate sector expects Union Budget 2024-25 to drive growth, enhance efficiency, and make housing more affordable.
Tragedy in Badlapur: Rape Accused Dies in Police Custody After Firing at Cops
A shocking turn of events in the Badlapur rape case as the accused, Akshay Shinde, dies in police custody after grabbing an officer's weapon and opening fire.
Uttar Pradesh Government Approves Real Estate Projects Worth Rs 7,200 Crore
The Uttar Pradesh government has given the green light to several real estate projects worth a total of Rs 7,200 crore. These projects are expected to provide a significant boost to the state's infrastructure and economy.
PE Investments in Real Estate Rise 32% YoY to US$ 4.2 billion in 2024
The warehousing sector dominated with 74% of the total PE investments in Mumbai, amounting to US$ 1,537 million, while the residential sector attracted significant attention as well.
Uday Kotak's Lavish Real Estate Purchase: A Record-Breaking Deal in Mumbai
Billionaire Uday Kotak has made headlines yet again with his latest real estate acquisition. He has purchased 12 high-end residential units in Mumbai's upscale Worli area for a staggering Rs 202 crore, marking one of the most significant property deals in
Crown Construction Company's Vision to Bridge Siddhivinayak and Prabhadevi Temples
Crown Construction Company is dedicated to enhancing the spiritual connectivity and urban landscape of Mumbai by building a state-of-the-art bridge between the revered Siddhivinayak and Prabhadevi temples.