Nilkamal shares hit the upper circuit after Q2 profit doubled to ₹67 crore

Nilkamal touched upper circuit at close on 29 October 2026 after the company clocked 102% YoY jump in standalone Q2 FY27 PAT at Rs 67crore. The company's revenue from operations grew 16.3% at Rs 1,126cr while sales volume in Q2 increased by 54% over Q1. The company also said its capacity utilization has exceeded 70%.

Nilkamal reported ₹67 crore in Q2 profit and ₹1,126 crore in revenue

Nilkamal reported standalone profit after tax at ₹67 crores for Q2 FY27 as against ₹34 crores in Q2 FY26.

Profit before tax of the company increased to Rs. 89 crores as against Rs. 43 crores during the previous year, an increase of 107%.

Revenue from operations reached ₹1,126 crore in Q2 FY27, compared with ₹968 crore in the year-ago quarter, Nilkamal said.

The company reported EBITDA of ₹132 crore against ₹85 crore a year earlier. Its EBITDA margin was 11.70%, compared with 8.81% in Q2 FY26.

Nilkamal shares reached ₹2,116.10 on the BSE

Nilkamal shares opened at ₹1,798.70 and reached an intra-day high of ₹2,116.10, against the previous close of ₹1,763.45, BSE data showed. The high was 19.99% above the previous close.

At around 1:55 PM IST, the shares were trading 13.92% higher at ₹2,008.95 on the BSE, BSE data showed.

Sales volume rose 54% as capacity utilisation exceeded 70%

Nilkamal said raw-material prices remained at an elevated level in Q2 FY27, as they had in Q1 FY27.

In Q1 FY27, the company passed on higher raw-material costs, which it said resulted in a 37% loss in sales volume and capacity utilisation below 50%.

In Q2 FY27, Nilkamal maintained selling prices, increased sales volume by 54% from Q1 FY27 and achieved capacity utilisation above 70%.

Capital expenditure fell to around ₹27 crore in Q2 FY27

Nilkamal incurred approximately Rs. 27 crores towards capital expenditure in Q2 FY27 as against approximately Rs. 42 crores incurred in Q2 FY26.

The company reported net borrowings of around ₹254 crore on 30 September 2026, compared with borrowings of around ₹376 crore on 30 September 2025. The two figures were presented under those respective labels in Nilkamal's disclosure.