Nilkamal logs 19% yoy rise in total income to Rs672.33 crore during Q3FY22, PAT declines over 54% yoy

10 Feb 2022 , 04:04 PM

Nilkamal Ltd.’s total income for December 2021 quarter stood at Rs672.33 crore as against Rs566.54 crore for December 2020 quarter, up by 18.67% yoy. Revenue for the 9M period ended December 2021 stood at Rs1,811.12 crore against Rs1,282.08 crore for the previous 9M period, increasing 41.26% yoy.

Following the results announcement, its stock closed higher at Rs2,348.10 up by Rs36.30 or 1.57% from its previous closing of Rs2,311.80 on the BSE. 

Its EBITDA for Q3 FY’22 was reported at Rs63.48 crore against Rs97.76 crore for Q3 FY’21, declining 35.07% yoy. EBITDA for the 9M period ending December 2021 was reported at Rs163.98 crore against Rs186.43 crore for the 9M period ending December 2020, down by 12.04% yoy.

Company’s quarterly profit after tax (PAT) stood at Rs23.69 crore in December 2021, as compared to Rs51.92 crore in December 2020, recording a decline of 54.37% yoy. PAT for the 9M period ended December 2021 stood at Rs53.94 crore as compared to Rs75.94 crore for 9M ended Q3FY21, reporting decline of 29% yoy.

The company witnessed a strong demand growth during the quarter in its B2B business whereas the B2C business was impacted due to weak consumer demand, leading to overall degrowth of 2% in the volume terms whereas, the revenue grew by 19%.