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NILE reports 75% year-on-year increase in net profits
short by System User / on Tuesday, 13 August, 2024
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.
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