India's Nilkamal sees sharpest fall in over 5 mths on Q2 profit slump

Nilkamal

10/11/2022 09:01

** Shares of Indian furniture manufacturer Nilkamal Ltd
 NKML.NS  fall as much as 8.2% to 1,906.55 rupees after it
reported a fall in Sept. qtr profits
    ** Co's consolidated net profit fell by 15.4% to 239 mln
rupees ($2.92 mln) as total expenses rose 9.7% 
    ** NKML's depreciation and amortisation expenses soared
15.2% to 284.3 mln rupees
    ** Stock sees biggest intraday pct. loss since May 24
    ** Stock lowest since July, 18
    ** More than 20,000 shares change hands by 0851 GMT vs
30-day avg of ~5,673 shares
    ** Stock down 14.8% so far this year, up to last close 
($1 = 81.7850 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))