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Nikhil Adhesives Ltd. share price falls 2% on weak Q3 results
Nikhil Adhesives Ltd. (NAL) share price fell 2% to Rs 317.95 on Friday after the company reported a 25% decline in its net profit for the quarter ended December 2023. The company's net profit fell to Rs 11.5 crore from Rs 15.3 crore in the same period last year. Revenue from operations also declined by 12% to Rs 44.5 crore from Rs 50.6 crore in the year-ago period.
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Nikhil Adhesives Ltd. to invest Rs 100 crore in new manufacturing facility
Nikhil Adhesives Ltd. (NAL) has announced plans to invest Rs 100 crore in a new manufacturing facility in Gujarat. The new facility will be spread over 10 acres of land and will have a production capacity of 20,000 tonnes per year. The facility is expected to be operational by the end of 2024.
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Nikhil Adhesives Ltd. launches new product line for automotive industry
Nikhil Adhesives Ltd. (NAL) has launched a new product line of adhesives specifically designed for the automotive industry. The new product line includes adhesives for bonding metals, plastics, and composites. The adhesives are designed to meet the demanding requirements of the automotive industry, including high strength, durability, and resistance to chemicals and temperature extremes.
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Nikhil Adhesives Launches New Website
Nikhil Adhesives Ltd. has launched a new website to provide customers with a better online experience. The new website is designed to be user-friendly and informative, with easy-to-navigate menus and detailed product information.
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Nikhil Adhesives Wins Award for Innovation
Nikhil Adhesives Ltd. has been awarded the prestigious Innovation Award from the Adhesive and Sealant Council. The award recognizes the company's development of a new adhesive that is stronger and more durable than traditional adhesives.
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Nikhil Adhesives Expands Production Capacity
Nikhil Adhesives Ltd. has expanded its production capacity by 20% to meet the growing demand for its products. The expansion includes the addition of new production lines and equipment.
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Nikhil Adhesives to Invest Rs 150 Crore for New Plant in Telangana
Nikhil Adhesives Ltd., a leading manufacturer of adhesives and sealants, has announced plans to invest Rs 150 crore to set up a new manufacturing plant in Telangana.
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Nikhil Adhesives reports strong Q3 performance
Nikhil Adhesives Ltd. (Nikhil), a leading manufacturer of adhesives and sealants, has reported a strong performance for the third quarter of FY23.
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Nikhil Adhesives expands its distribution network in South India
Nikhil Adhesives Ltd., a leading manufacturer of adhesives and sealants, has announced the expansion of its distribution network in South India.
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Nikhil Adhesives Ltd. Announces Financial Results for the Quarter Ended June 30, 2023
The company reported a net profit of Rs. 12.5 crore for the quarter ended June 30, 2023, compared to a net profit of Rs. 10.2 crore for the corresponding quarter of the previous year.
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Nikhil Adhesives Ltd. to Acquire Majority Stake in XYZ Adhesives Pvt. Ltd.
The acquisition will strengthen Nikhil Adhesives Ltd.'s position in the adhesives market and expand its product portfolio.
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Nikhil Adhesives Ltd. Launches New Adhesive Product Line
The new product line is designed for use in a variety of industrial applications and is expected to generate significant revenue for the company.
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Market Share Of 20% By Nikhil Adhesives Ltd.
Nikhil Adhesives has grown to a 20% market share in the industrial adhesives market in India, solidifying its place as a key player in the industry.
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Nikhil Adhesives Joins Hands with Arkema to Expand Reach
Nikhil Adhesives Ltd. and Arkema, a global leader in chemicals and advanced materials, have entered into a strategic partnership to distribute Arkema's specialty adhesives in India.
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Nikhil Adhesives Invests in New R&D Center
Nikhil Adhesives Ltd. has announced a significant investment in a new research and development (R&D) center in Pune, India. The center will focus on developing innovative adhesives solutions for various industries.
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Nikhil Adhesives to setup new plants in Maharashtra, Gujarat and Goa
Nikhil Adhesives Ltd., a leading manufacturer of adhesives and sealants, announced plans to set up new plants in Maharashtra, Gujarat and Goa. The new plants, which are expected to be operational by 2024, will increase the company's production capacity by 50%.
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Nikhil Adhesives acquires majority stake in German adhesive manufacturer
Nikhil Adhesives Ltd. acquired a majority stake in German adhesive manufacturer, CollTech GmbH, for an undisclosed sum. The acquisition marks Nikhil Adhesives' first major move into the European market and will strengthen its position in the global adhesives industry.
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Nikhil Adhesives reports strong financial results for Q3 FY23
Nikhil Adhesives Ltd. reported strong financial results for the third quarter of fiscal year 2023, with revenue increasing by 20% and net profit rising by 30%. The company attributed its performance to a combination of factors, including increased demand for its products and cost optimization initiatives.
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Nikhil Adhesives Ltd. Q2FY23 Results: Net Profit Jumps 11.5%
Nikhil Adhesives Ltd., a leading manufacturer of industrial adhesives, has reported a 11.5% increase in its net profit for the second quarter of fiscal year 2023 (Q2FY23) compared to the corresponding quarter in the previous fiscal year.
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Nikhil Adhesives Ltd. to Acquire Majority Stake in Elixir Adhesives Pvt. Ltd.
Nikhil Adhesives Ltd. has announced that it has entered into an agreement to acquire a majority stake in Elixir Adhesives Pvt. Ltd., a leading manufacturer of specialty adhesives.
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Nikhil Adhesives Ltd. Launches New Range of Adhesives for the Footwear Industry
Nikhil Adhesives Ltd. has launched a new range of adhesives specifically designed for the footwear industry, offering improved bonding strength and durability.