Nilkamal Reports 30.27% Increase in Net Profit for Q2 FY25
Nilkamal registered a 30.27% increase in its net consolidated profit for the quarter ended September 30, 2024. The company's net profit after tax stood at Rs 32.62 crore, up from Rs 25.04 crore in the corresponding quarter of the previous fiscal year.
NilkamalQ2 Fy25Net ProfitFinancial PerformanceFurniture IndustryReal EstateOct 28, 2024
The company's net consolidated total income also saw a growth of 5.44% in Q2 FY25, reaching Rs 824.37 crore from 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, and its debt-equity ratio was 0.22. The total debts to total assets ratio stood at 0.13, while the current liability ratio was 0.63. The company also reported an operating margin of 9.68% and a net profit margin of 3.97%.
In terms of capital expenditure, Nilkamal spent Rs 99 crore in Q2 FY25, bringing the total capital expenditure for the first half of FY25 to Rs 172 crore. The company is on track to commence commercial production at its Hosur plant by Q4 FY25. The total net borrowing of the company increased to Rs 305 crore as of September 30, 2024, up from Rs 240 crore in the same period last year.
Nilkamal continues to focus on expanding its production capabilities and enhancing its financial stability. The expected commencement of commercial production at the Hosur plant is expected to further boost the company's revenues and profitability in the coming quarters.
About NilkamalFounded in 1969, Nilkamal is a leading name in the furniture and plastic products industry. With a wide range of products from polypropylene furniture to PVC pipes, the company has a strong presence across India and international markets. Nilkamal is known for its commitment to quality, innovation, and sustainability in manufacturing and business practices.
Frequently Asked Questions
What was Nilkamal's net profit for Q2 FY25?
Nilkamal's net profit for Q2 FY25 was Rs 32.62 crore, a 30.27% increase from the previous year's Rs 25.04 crore.
What was the growth in Nilkamal's net consolidated total income in Q2 FY25?
Nilkamal's net consolidated total income grew by 5.44% in Q2 FY25, reaching Rs 824.37 crore from Rs 781.85 crore in the same quarter last year.
What is Nilkamal's debt-equity ratio as of September 30, 2024?
Nilkamal's debt-equity ratio as of September 30, 2024, was 0.22.
When is the commercial production at the Hosur plant expected to commence?
The commercial production at the Hosur plant is expected to commence by Q4 FY25.
What was the total capital expenditure for H1 FY25?
The total capital expenditure for H1 FY25 was Rs 172 crore.
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