NCL Industries installs new plant in Hyderabad

NCL Industries Limited notified the exchange about the successful installation of the ready-made doors plant set up at Malkapur (V) near Hyderabad.

The plant has a capacity to produce 1,000 doors per day in technical collaboration with AGT (Turkey). The inauguration of the plant is scheduled for March 31, 2019.

On a standalone basis, the company reported net sales of Rs. 241.18 crore in Q3FY19 as against Rs. 222.72 crore in Q3FY18, posting a YoY growth of 8.29 per cent.

The company reported EBITDA of Rs. 27.20 crore in Q3FY19 as against Rs. 29.00 crore in Q3FY18, registering a drop of 6.21 per cent on a YoY basis.

Net Profit spiralled to Rs. 6.51 crore in Q3FY19 from Rs. 13.72 crore in Q3FY18, thereby plummeting 52.55 per cent.

Consequently, EPS dropped to Rs. 1.44 in Q3FY19 from Rs. 3.57 in Q3FY18.

On Friday, the shares of NCL Industries Limited opened at Rs. 123.05 per share and hit a high and low of Rs. 133.40 and Rs. 123.05, respectively. At 2:22 hours, the stock was trading at Rs. 130.30, up 6.76 per cent.