Net profit of Nilkamal rose 5.69% to Rs 31.76 crore in the quarter ended March 2020 as against Rs 30.05 crore during the previous quarter ended March 2019. Sales declined 1.49% to Rs 561.46 crore in the quarter ended March 2020 as against Rs 569.96 crore during the previous quarter ended March 2019.

For the full year,net profit rose 21.09% to Rs 142.08 crore in the year ended March 2020 as against Rs 117.33 crore during the previous year ended March 2019. Sales declined 4.45% to Rs 2257.19 crore in the year ended March 2020 as against Rs 2362.36 crore during the previous year ended March 2019.

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Net profit of Nilkamal declined 24.56% to Rs 21.23 crore in the quarter ended March 2020 as against Rs 28.14 crore during the previous quarter ended March 2019. Sales declined 11.37% to Rs 491.71 crore in the quarter ended March 2020 as against Rs 554.79 crore during the previous quarter ended March 2019.

For the full year,net profit rose 9.69% to Rs 122.01 crore in the year ended March 2020 as against Rs 111.23 crore during the previous year ended March 2019. Sales declined 9.67% to Rs 2081.47 crore in the year ended March 2020 as against Rs 2304.18 crore during the previous year ended March 2019.

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The Board of Nilkamal at its meeting held on 28 June 2020 has approved the resignation of Vamanrai V. Parekh (DlN 00037519) from the Board of the Company effective 14 August, 2020. The Board also accepted the resignation of Sharad Y. Parekh (DIN 00035747) as the Managing Director of the Company with effect from 14 August 2020 and appointed him as Non-Executive Director and Chairman of the company w.e.f. 15 August, 2020. The Board has elevated Hiten V. Parekh (DIN 00037550) by re-designating him as the Managing Director of the Company effective from 15 August, 2020.

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Nilkamal will hold a meeting of the Board of Directors of the Company on 28 June 2020.

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