Nilkamal Plastics reported 7.23% fall in the Sep-20 quarter top line sales revenues at Rs534.34cr. While the sales did dip sharply in the Jun-20 quarter, the moulded plastics business saw a sharp recovery in the Sep-20 quarter as is evident from the numbers reclaiming pre-COVID numbers in the quarter.
For the Sep-20 quarter, the operating profits were up 28.42% at Rs62.81cr. This was largely on the back of lower raw material and stock-in-trade costs leading to higher operating profits. This resulted in the operating margin of the company expanding from 8.49% to 11.75% in the Sep-20 quarter.
Net profits for the Sep-20 quarter were absolutely flat at Rs49.57cr. Compared the operating profit, the net profits took a hit on the back of higher tax impact in the Sep-20 quarter. As a result, the net margins expanded by just 75 bps at 9.28% in Q2.
Financial highlights for Sep-20 compared yoy and sequentially
|
|
Nilkamal Plastics |
|
|
|
|
Rs in Crore |
Sep-20 |
Sep-19 |
YOY |
Jun-20 |
QOQ |
|
Revenues |
534.34 |
575.96 |
-7.23% |
251.34 |
112.60% |
|
Operating Profit |
62.81 |
48.91 |
28.42% |
-33.23 |
Not Relevant |
|
Net Profits |
49.57 |
49.14 |
0.88% |
-28.95 |
Not Relevant |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
33.19 |
32.85 |
|
-19.40 |
|
|
OPM |
11.75% |
8.49% |
|
-13.22% |
|
|
Net Margins |
9.28% |
8.53% |
|
-11.52% |
|
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