Maris Spinners Ltd reports higher net profit of Rs. 4.14 crore in Q2FY22

The Board of Directors of MARIS SPINNERS 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 ₹ 45.8477 crore, against ₹26.8974 crore in the corresponding quarter of the previous year (YoY) and ₹19.3218 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹4.1419 crore, against ₹-0.4326 crore in the corresponding quarter of the previous year (YoY) and ₹3.7781 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹5.23, against ₹-0.53 in the corresponding quarter of the previous year (YoY) and ₹4.77 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 45.8477 crs	₹19.3218 crs	137.28%	₹26.8974 crs	70.45%
Net Profit	₹4.1419 crs	₹3.7781 crs	9.63%	₹-0.4326 crs	1,057.44 %
EPS	₹5.23	₹4.77	9.64%	₹-0.53	1,086.79%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹65.1695 crore, against ₹32.5914 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹7.9309 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-3.2764 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹10.01 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-4.01 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹65.1695 crs	₹32.5914 crs	99.96%
Net Profit	₹7.9309 crs	₹-3.2764 crs	342.06%
EPS	₹10.01	₹-4.01	349.63%

Shares of MARIS SPINNERS LTD. was last trading in BSE at Rs. 73.85 as compared to the previous close of Rs. 70.35. The total number of shares traded during the day was 41583 in over 223 trades.

The stock hit an intraday high of Rs. 73.85 and intraday low of 70.00. The net turnover during the day was Rs. 3033205.00.

Source : Equity Bulls

Keywords

MarisSpinners Q2FY22 H1FY22 ResultUpdate