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Results
09-Nov-24
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Analysis
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Nitta Gelatin India
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Weak operating performance
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Net
sales (including other operating income) of Nitta Gelatin India has declined
3.92% to Rs 134.29 crore.
Operating
profit margin has declined from 22.44% to 19.05%, leading to 18.43% decline in
operating profit to Rs 25.58 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
43.88% to 45.95%. Employee cost
decreased from 9.94% to 9.61%. Other
expenses rose from 23.15% to 25.35%.
Other
income rose 81.95% to Rs 5.04 crore.
PBIDT fell 10.28% to Rs 30.62 crore.
Provision for interest fell 30.77% to Rs 0.18 crore. Loan funds declined from Rs 21.04 crore as of
30 September 2023 to Rs 17.90 crore as of 30 September 2024. Inventories declined from Rs 105.16 crore as
of 30 September 2023 to Rs 82.77 crore as of 30 September 2024. Sundry debtors were higher at Rs 95.58 crore
as of 30 September 2024 compared to Rs 90.09 crore as of 30 September
2023. Cash and bank balance rose to Rs
96.31 crore as of 30 September 2024 from Rs 38.52 crore as of 30 September
2023. Investments rose to Rs 12.12 crore
as of 30 September 2024 from Rs 1.04 crore as of 30 September 2023 .
PBDT
fell 10.13% to Rs 30.44 crore. Provision
for depreciation fell 3.67% to Rs 3.67 crore.
Fixed assets declined from Rs 121.32 crore as of 30 September 2023 to Rs
119.00 crore as of 30 September 2024.
Intangible assets declined from Rs 0.90 crore to Rs 0.85 crore.
Profit
before tax down 10.94% to Rs 26.77 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 6.49
crore, compared to Rs 8.04 crore.
Effective tax rate was 24.24% compared to 26.75%.
Minority
interest decreased 90.41% to Rs 0.07 crore.
Net profit attributable to owners of the company decreased 5.07% to Rs
20.21 crore.
Equity
capital stood at Rs 9.08 crore as of 30 September 2024 to Rs 9.08 crore as of
30 September 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 74.48% as of 30 September 2024 ,compared to 74.48% as of 30 September
2023 .
For year-to-date
(YTD) results analysis
Net
sales (including other operating income) of Nitta Gelatin India has increased
0.31% to Rs 268.9 crore.
Operating
profit margin has declined from 26.17% to 19.96%, leading to 23.48% decline in
operating profit to Rs 53.67 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
42.43% to 45.60%. Employee cost
decreased from 9.71% to 9.26%. Other
expenses rose from 22.53% to 24.80%.
Other
income rose 25.35% to Rs 7.22 crore.
PBIDT fell 19.78% to Rs 60.89 crore.
Provision for interest fell 37.70% to Rs 0.38 crore. Loan funds declined from Rs 21.04 crore as of
30 September 2023 to Rs 17.90 crore as of 30 September 2024. Inventories declined from Rs 105.16 crore as
of 30 September 2023 to Rs 82.77 crore as of 30 September 2024. Sundry debtors were higher at Rs 95.58 crore
as of 30 September 2024 compared to Rs 90.09 crore as of 30 September
2023. Cash and bank balance rose to Rs
96.31 crore as of 30 September 2024 from Rs 38.52 crore as of 30 September
2023. Investments rose to Rs 12.12 crore
as of 30 September 2024 from Rs 1.04 crore as of 30 September 2023 .
PBDT
fell 19.63% to Rs 60.51 crore. Provision
for depreciation fell 3.88% to Rs 7.19 crore.
Fixed assets declined from Rs 121.32 crore as of 30 September 2023 to Rs
119.00 crore as of 30 September 2024.
Intangible assets declined from Rs 0.90 crore to Rs 0.85 crore.
Profit
before tax down 21.37% to Rs 53.32 crore.
Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 13.4
crore, compared to Rs 17.64 crore.
Effective tax rate was 25.13% compared to 26.01%.Minority
interest decreased 97.04% to Rs 0.04 crore.
Net profit attributable to owners of the company decreased 18.31% to Rs
39.88 crore.
Equity
capital stood at Rs 9.08 crore as of 30 September 2024 to Rs 9.08 crore as of
30 September 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 74.48% as of 30 September 2024 ,compared to 74.48% as of 30 September
2023 .
Cash
flow from operating activities increased to Rs 46.53 crore for YTD ended
September 2024 from Rs 42.81 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets
during the YTD ended September 2024 stood at Rs 16.30 crore, compared to Rs
8.81 crore during the YTD ended September 2023.
The
scrip trades at Rs 811
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Nitta Gelatin India : Consolidated Results
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Particulars
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2409 (03)
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2309 (03)
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Var.(%)
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2409 (06)
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2309 (06)
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Var.(%)
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2403 (12)
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2303 (12)
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Var.(%)
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Net Sales
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134.29
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139.77
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-4
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268.9
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268.06
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0
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532.73
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565.37
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-6
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OPM (%)
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19.0
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22.4
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20.0
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26.2
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23.0
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20.0
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OP
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25.58
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31.36
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-18
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53.67
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70.14
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-23
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122.73
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112.84
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9
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Other Inc.
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5.04
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2.77
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82
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7.22
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5.76
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25
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11.19
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0.82
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1265
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PBIDT
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30.62
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34.13
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-10
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60.89
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75.90
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-20
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133.92
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113.66
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18
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Interest
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0.18
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0.26
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-31
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0.38
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0.61
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-38
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2.40
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3.44
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-30
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PBDT
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30.44
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33.87
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-10
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60.51
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75.29
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-20
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131.52
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110.22
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19
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Depreciation
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3.67
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3.81
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-4
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7.19
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7.48
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-4
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15.15
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14.12
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7
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PBT
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26.77
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30.06
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-11
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53.32
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67.81
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-21
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116.38
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96.1
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21
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Share of Profit/(Loss) from Associates
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0.00
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0.00
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0.00
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0.00
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0.00
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0
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PBT before EO
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26.77
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30.06
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-11
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53.32
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67.81
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-21
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116.38
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96.1
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21
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EO Income
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0.00
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0.00
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0.00
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0.00
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0.00
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2.97
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PBT after EO
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26.77
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30.06
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-11
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53.32
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67.81
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-21
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116.38
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99.07
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17
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Taxation
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6.49
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8.04
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-19
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13.4
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17.64
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-24
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32.27
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25.17
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28
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PAT
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20.28
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22.02
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-8
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39.92
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50.17
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-20
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84.11
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73.9
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14
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Minority Interest (MI)
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0.07
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0.73
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-90
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0.04
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1.35
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-97
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1.47
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3.59
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-59
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Net profit
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20.21
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21.29
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-5
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39.88
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48.82
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-18
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82.64
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70.31
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18
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EPS (Rs)*
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#
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#
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#
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#
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91.0
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75.0
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Notes
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* EPS is on current equity of Rs 9.08 crore, Face value of Rs
10, Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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Previous News |
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(
Results
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Announcements
11-Feb-25
07:49
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(
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(
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(
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(
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22-Jan-20
14:19
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Board of Nitta Gelatin India recommends final dividend
(
Corporate News
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(
Results
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(
Results
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Announcements
14-Feb-14
19:41
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Nitta Gelatin India reports standalone net profit of Rs 1.54 crore in the March 2021 quarter
(
Results
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Announcements
07-May-21
18:17
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Nitta Gelatin India consolidated net profit rises 459.63% in the March 2022 quarter
(
Results
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Announcements
06-May-22
17:10
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Nitta Gelatin India standalone net profit declines 72.15% in the December 2018 quarter
(
Results
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Announcements
07-Feb-19
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