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IDBI Capital Report
Nilkamal Ltd.'s Q2 FY21 result was a beat to our estimates.
After a dismal performance in Q1 FY21, the company has rebounded to its earlier growth trajectory, which we earlier anticipated to reflect in Q3 FY21E.
Net sales was down by 7.2% YoY to Rs 5,343 million, while Ebitda came at Rs 869 million, up by 21.1% YoY.
The company reported net profit of Rs 497 million, increased by 5.8% YoY.
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