Nilkamal Limited Earnings Summary — Q4 FY2026
Nilkamal Reports Sharp Profit Growth in Q4 FY2026 Amid Revenue Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 15.1% sequentially in Q1 FY2027.
- Revenue of ₹820 Cr is 7.2% lower year-on-year.
- Revenue has compounded at -0.8% annualised over the last 10 quarters.
- Net profit of ₹24 Cr is 59.6% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -15.5% annualised across the period.
- Operating margin stands at 9.1% in Q1 FY2027.
- Operating margin expanded by 254 bps year-on-year.
- Over the last two years operating margin has expanded by 152 bps.
- PBT margin is 4.1%.
- Expense growth of -9.7% remained below revenue growth of -7.2%.
- Operating profit of ₹75 Cr is 28.7% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 55/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 820 | 965 | 962 | 968 | 883 | 894 | 854 | 822 | 743 | 834 |
| Expenses | Stable | 745 | 869 | 872 | 882 | 825 | 809 | 791 | 744 | 686 | 753 |
| Operating Profit | Improving | 75 | 96 | 90 | 85 | 58 | 85 | 63 | 77 | 56 | 81 |
| Operating Margin | Stable | 9.1% | 9.9% | 9.3% | 8.8% | 6.6% | 9.5% | 7.4% | 9.4% | 7.6% | 9.8% |
| Other Income | Volatile | 7 | 6 | -9 | 5 | 6 | 3 | 6 | 5 | 6 | 4 |
| Interest | Stable | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 10 | 9 | 9 |
| Depreciation | Improving | 39 | 37 | 37 | 35 | 34 | 31 | 30 | 30 | 29 | 29 |
| Profit Before Tax | Volatile | 34 | 54 | 33 | 45 | 20 | 46 | 28 | 43 | 24 | 48 |
| Tax | Volatile | 9 | 12 | 8 | 11 | 4 | 12 | 6 | 10 | 5 | 12 |
| Net Profit | Volatile | 24 | 42 | 25 | 34 | 15 | 34 | 21 | 33 | 18 | 36 |
| Net Margin | Volatile | 3.0% | 4.3% | 2.6% | 3.5% | 1.7% | 3.8% | 2.5% | 4.0% | 2.5% | 4.3% |
Key Takeaways
- Net profit surged 68% quarter-on-quarter to ₹42 crores, reflecting strong execution in the final period of the fiscal year.
- Operating Profit Margin improved to 10%, recovering from lower levels in preceding quarters (7-9% range).
- Quarterly revenue hit ₹965 crores, marking a consistent upward trend over the past three quarters.
- The board recommended a final dividend of ₹20 per share for the full fiscal year 2026.
- Efficiency gains are evident in the Cash Conversion Cycle, which reduced from 127 days in FY25 to 109 days in FY26.
- Promoter holding remains stable at 64.54%, while DII holding saw a slight contraction from 14.21% to 13.72% during the quarter.
Management Guidance
Management focus remains on strengthening the furniture and material handling divisions while expanding the 'Nilkamal Homes' retail footprint.
Sentiment Shift
Improving
A strong sequential recovery in both net profit and operating margins suggests the company has successfully managed input costs and demand volatility seen earlier in the year.
Outlook
The company appears well-positioned due to steady capacity expansion in plastic processing and reduced working capital requirements, despite a slight decline in institutional investor (FII/DII) stakes.
From the Annual Report (Key Quotes)
“Recommends Rs 20 final dividend and annual report for FY26.”
“Net Profit improved to Rs 42 crores in Mar 2026 from Rs 25 crores in Dec 2025.”
Official Quarterly Documents
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This summary is AI-generated from Nilkamal Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.