Sri Nachammai Cotton Mills Ltd Q2FY22 net profit at Rs. 47.25 lakhs

The Board of Directors of SRI NACHAMMAI COTTON MILLS LTD., at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 54.4843 crore, against ₹46.4259 crore in the corresponding quarter of the previous year (YoY) and ₹32.7608 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹0.4725 crore, against ₹0.0952 crore in the corresponding quarter of the previous year (YoY) and ₹0.4988 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹1.10, against ₹0.22 in the corresponding quarter of the previous year (YoY) and ₹1.16 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 54.4843 crs	₹32.7608 crs	66.31%	₹46.4259 crs	17.36%
Net Profit	₹0.4725 crs	₹0.4988 crs	-5.27%	₹0.0952 crs	396.32 %
EPS	₹1.10	₹1.16	-5.17%	₹0.22	400.00%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹87.2451 crore, against ₹61.6433 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹0.9713 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-2.6729 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹2.27 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-6.24 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹87.2451 crs	₹61.6433 crs	41.53%
Net Profit	₹0.9713 crs	₹-2.6729 crs	136.34%
EPS	₹2.27	₹-6.24	136.38%

Shares of SRI NACHAMMAI COTTON MILLS LTD. was last trading in BSE at Rs. 58.00 as compared to the previous close of Rs. 56.75. The total number of shares traded during the day was 629 in over 12 trades.

The stock hit an intraday high of Rs. 59.50 and intraday low of 55.00. The net turnover during the day was Rs. 35851.00.

Source : Equity Bulls

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SriNachammaiCottonMills Q2FY22 H1FY22 ResultUpdate