NILE reports 75% year-on-year increase in net profits

NILE Ltd shares rose to ₹2,305.60, hitting a 10% upper circuit limit, following the announcement of Q1FY25 results. Revenue increased by 41% quarter-over-quarter and 52% year-over-year, while net profits grew by 42% quarter-over-quarter and 75% year-over-year. NILE is a secondary manufacturer of pure lead and lead alloys which are supplied to the manufacturers of lead acid batteries, and more.