As the season of financial results is on, NACL Industries Ltd has reported results for Q4FY23 and year ended on March 31, 2023.
In comparison to the same quarter last year, the company’s net profit for the fourth quarter which ended on March 31, 2023, increased by 70% to Rs 34 crore from Rs 20 crore. In Q4FY23, the company’s total net revenue increased by 27.18% from Rs 471 crore to Rs 599 crore in a similar quarter the year prior.
The company reported a 30.14% increase in net profit for the year ended March 31, 2023, from Rs 73 crore to Rs 95 crore. When compared to the year ended March 31, 2022, the company’s net revenue increased by 29.02% to Rs 2,116 crore from Rs 1,640 crore in the year prior ended on March 31, 2022.
In last the trading session, the scrip was closed at Rs 86.56. Today it opened at Rs 93.99 and currently it is trading at Rs 100.42, up by 16.01%. Till now it had touched a high of Rs 101.90 and a low of Rs 89.90. So far total 44,268 shares were traded over the counter at BSE. The BSE group ‘B’ stock has market cap of around Rs 530 crore. It has 52-week high of Rs 110.80 and 52-week low of Rs 70.
NACL is an established player and they deal in both technical and formulation. They cater to the Indian market and to the international market as well. They have over 50 products covering all major crops. They have a strong logistic presence and the products are sold in more than 55,000 counters. NACL has become one of the reliable contract manufacturers for major MNCs. NACL exports products to over 30 countries and has forayed into international brand business by registering brands in South-East Asia and Africa and is in the process of expanding reach in these regions.