Nitin Spinners Q3FY22 PAT higher at Rs. 93.26 crores

Nitin Spinners Limited has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 705.3841 crores during the period ended December 31, 2021 as compared to Rs. 665.3219 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 93.2608 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 87.3927 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 16.59 for the period ended December 31, 2021 as compared to Rs. 15.54 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 705.3841 crs	₹665.3219 crs	6.02%
Net Profit	₹93.2608 crs	₹87.3927 crs	6.71%
EPS	₹16.59	₹15.54	6.76%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 705.3841 crores during the period ended December 31, 2021 as compared to Rs.467.6613 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.93.2608 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.23.2450 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.16.59 for the period ended December 31, 2021 as compared to Rs.4.13 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 705.3841 crs	₹467.6613 crs	50.83%
Net Profit	₹93.2608 crs	₹23.2450 crs	301.21%
EPS	₹16.59	₹4.13	301.69%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.1924.5725 crores during the 9 Months period ended December 31, 2021 as compared to Rs.1114.5588 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.240.6670 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.26.0168 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.42.81 for the 9 Months period ended December 31, 2021 as compared to Rs.4.63 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹1924.5725 crs	₹1114.5588 crs	72.68%
Net Profit	₹240.6670 crs	₹26.0168 crs	825.04%
EPS	₹42.81	₹4.63	824.62%

Shares of Nitin Spinners Limited was last trading in BSE at Rs. 305.00 as compared to the previous close of Rs. 301.65. The total number of shares traded during the day was 29193 in over 692 trades.

The stock hit an intraday high of Rs. 308.00 and intraday low of 303.40. The net turnover during the day was Rs. 8932156.00.

Source : Equity Bulls

Keywords

NitinSpinners Q3FY22 9MFY22 ResultUpdate