Nirlon Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Nirlon will hold a meeting of the Board of Directors of the Company on 12 August 2024.

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Nirlon has inducted Arjun Khullar (DIN 10671903), a Nominee of Reco Berry as an additional director on board of the company on 20 June 2024.

Arjun Khullar is an Advisor to the Integrated Strategies Group (ISG) at GIC and a member of their Investment Committee.

Prior to this role he was a Founding Member and Head of ISG and was also a member of India Business Group in GIC. Prior to his move to ISG in 2013, he was a Portfolio Manager in GIC Equities.

Before joining GIC in 2011, Arjun was a Managing Director at JPMorgan. During his 16 years at JPMorgan, Arjun focused on Investment Banking / Equity Capital Markets in Europe and Asia. Prior to JPMorgan, Arjun worked at HSBC for 5 years in Asia.

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Nirlon announced that the Board of Directors of the Company at its meeting held on 15 May 2024, has recommended a Final dividend of Rs.11 per share (i.e.110%), subject to the approval of the shareholders.

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Net profit of Nirlon rose 2.96% to Rs 51.18 crore in the quarter ended March 2024 as against Rs 49.71 crore during the previous quarter ended March 2023. Sales rose 3.54% to Rs 153.36 crore in the quarter ended March 2024 as against Rs 148.12 crore during the previous quarter ended March 2023.

For the full year,net profit rose 30.17% to Rs 205.56 crore in the year ended March 2024 as against Rs 157.92 crore during the previous year ended March 2023. Sales rose 5.32% to Rs 603.12 crore in the year ended March 2024 as against Rs 572.65 crore during the previous year ended March 2023.

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