Nilkamal witnessed a sharp rise in share price after the company announced a sharp rise in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 50.56% to Rs 326.50 million from Rs 216.85 million in the same quarter last year.

Revenues for the quarter rose marginally 2.55% to Rs 5,027.89 million, compared with Rs 4,903 million for the prior year period.

Operating margin for the quarter stood at 13.11 percent as compared to 9.78 percent for the previous year period. Operating Income for the quarter was Rs 659.23 million, compared with Rs 479.57 million in the previous year period.

Earnings per share for the quarter stood at Rs 21.88, registering 50.58% growth over previous year period.

Shares of Nilkamal are trading at Rs 1,331.20, up Rs 86.1, or 6.92% at the Bombay Stock Exchange (BSE) on Monday at 3:07 p.m.

The scrip has touched an intra-day high of Rs 1,372.00 and low of Rs 1,293.00. The total volume of shares traded at the BSE is 90,228.