Nilkamal Q3 Results Review - Positive Demand In B2B Business: IDBI Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.Nilkamal Ltd.’s Q3 FY23 result was broadly in-line with our estimates on all key parameters. The quarter witnessed continued positive demand in business-to-business which enabled the company to register higher sales while the furniture business experienced challenges in terms of subdued consumer demand which the management expects to be a temporary phenomenon. Net sales was marginally down by 0.3% YoY to Rs 7,543 million, while Ebitda came at Rs 764 million, higher by 3.1% YoY. The company reported net profit of Rs 332 million, declined by 0.9% over Q3 FY22. Nilkamal's increasing focus on institutional business and ramping up of manufacturing operations shall help the company to achieve the growth trajectory..Click on the attachment to read the full report:.Supreme Industries Results Review - Strong Pipe Volumes Drive Q3; Margins To Normalise In FY24: Systematix.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nilkamal Q3 Results Review - Positive Demand In B2B Business: IDBI Capital

Nilkamal reported net profit of Rs 332 million, declined by 0.9% over Q3 FY22.

Choose a plan