NITIN Spinners Ltd posts PAT of Rs. 6.51 crore in Q4 FY20

NITIN SPINNERS LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.380.75 crores during the period ended March 31, 2020 as compared to Rs.403.02 crores during the period ended December 31, 2019.

The company has posted net profit of Rs.6.51 crores for the period ended March 31, 2020 as against Rs.5.80 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.16 for the period ended March 31, 2020 as compared to Rs.1.03 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 380.75 crs	₹ 403.02 crs	-5.53%
Net Profit	₹ 6.51 crs	₹ 5.80 crs	12.24%
EPS	₹ 1.16	₹ 1.03	12.62%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported net sales of Rs.380.75 crores during the period ended March 31, 2020 as compared to Rs.314.13 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.6.51 crores for the period ended March 31, 2020 as against Rs.17.86 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.1.16 for the period ended March 31, 2020 as compared to Rs.3.18 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 380.75 crs	₹ 314.13 crs	21.21%
Net Profit	₹ 6.51 crs	₹ 17.86 crs	-63.55%
EPS	₹ 1.16	₹ 3.18	-63.52%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.1440.18 crores during the 12 months period ended March 31, 2020 as compared to Rs.1245.28 crores during the 12 months period ended March 31, 2019.

The company has posted net profit of Rs.23.81 crores for the 12 months period ended March 31, 2020 as against Rs.64.10 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.4.24 for the 12 months period ended March 31, 2020 as compared to Rs.11.43 for the 12 months period ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 1440.18 crs	₹ 1245.28 crs	15.65%
Net Profit	₹ 23.81 crs	₹ 64.10 crs	-62.85%
EPS	₹ 4.24	₹11.43	-62.9%

Shares of NITIN SPINNERS LTD. was last trading in BSE at Rs.36.75 as compared to the previous close of Rs. 36.05. The total number of shares traded during the day was 12004 in over 221 trades.

The stock hit an intraday high of Rs. 38.4 and intraday low of 35.5. The net turnover during the day was Rs. 446787.

Source : Equity Bulls

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