Nikhil Adhesives Ltd Share Price – BSE

Chemicals, Small Cap

Nikhil Adhesives announced that the Board of Directors of the Company at its meeting held on 22 May 2024, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Net profit of Nikhil Adhesives rose 3.58% to Rs 3.76 crore in the quarter ended March 2024 as against Rs 3.63 crore during the previous quarter ended March 2023. Sales declined 7.88% to Rs 148.02 crore in the quarter ended March 2024 as against Rs 160.68 crore during the previous quarter ended March 2023.

For the full year,net profit declined 22.24% to Rs 13.25 crore in the year ended March 2024 as against Rs 17.04 crore during the previous year ended March 2023. Sales declined 24.11% to Rs 564.19 crore in the year ended March 2024 as against Rs 743.46 crore during the previous year ended March 2023.

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Nikhil Adhesives will hold a meeting of the Board of Directors of the Company on 22 May 2024

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Net profit of Nikhil Adhesives rose 2.07% to Rs 2.96 crore in the quarter ended December 2023 as against Rs 2.90 crore during the previous quarter ended December 2022. Sales declined 19.48% to Rs 130.29 crore in the quarter ended December 2023 as against Rs 161.81 crore during the previous quarter ended December 2022.

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