Nilkamal Ltd. has posted robust Result for FY 2007-08 with Net Profit after Tax increased from 6.95 Crores to Rs.21.46 Crores, (Excluding Exceptional Income), an increase of 209%.Net Profit After Tax including exceptional income on sale of investment in subsidiary company stands at rs.57.35 crores. Nilkamal Ltd reported a strong 68% growth in revenues & stood at Rs.780.30 Revenues for the year grew on the back of a 65% growth in the core plastics business and a robust 120% growth in the lifestyle furniture and furnishings segment which operates under the ‘@ home’ brand. EBIDTA for the year was RS. 81.33 crores growth of 160% (Excluding Exceptional Income).EPS (Excluding Exceptional Income stands at rs.16.79 against Rs.8.10 of the financial year resulted into growth of 207%.

During the year both the Group Companies has been amalgamated with the company. This amalgamation has resulted into efficient management control, effective use of Infrastructure, integration of operation which resulted into enhanced financial strength & flexibility.

For the Financial year 2007-08,the company has incurred capital expenditure of Rs.122 crores of which Rs.35.92 crores spent towards setting up of Green field Plant at Jammu, Rs.20 crores on acquisition of material handling business of Prince, Rs.21crores for @home business for setting up of new stores & balance for plant & machineries installed at various existing manufacturing facilities.

In its meeting held on 14th June 2008, the Board of Directors have decided on a 30 % dividend, in addition to the 35 % interim dividend paid by the company for the year 2007-08, thereby making the final dividend stand at 65% for 2007-08.

While continuing to dominate the moulded plastic furniture segment with a ~34% market share, Nilkamal continues to take strong strides in the lifestyle furniture space under the ‘@ home’ brand. The successful foray in the retail space is borne out by the company adding 5 stores during the year for a total of 13 stores in FY08 (a further 2 stores were added post March 08 taking the total to 15 stores currently) and a 120% growth in revenues in the financial year. Additionally, the company continues to add new growth levers with its entry in the nascent material handling space and has entered into JVs/ Strategic alliance/Technical Collaboration with global companies in material handling, such as manufacturing of Metal storage System, solid waste handling, automatic storage retrieval systems, different products to provide intra & inter logistic solutions,etc.

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