Nahar Spinning Mills posts net profit of Rs. 158.03 crores in Q3FY22

Nahar Spinning Mills 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. 1022.8196 crores during the period ended December 31, 2021 as compared to Rs. 846.6526 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 158.0387 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 136.5790 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 43.82 for the period ended December 31, 2021 as compared to Rs. 37.88 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 1022.8196 crs	₹846.6526 crs	20.81%
Net Profit	₹158.0387 crs	₹136.5790 crs	15.71%
EPS	₹43.82	₹37.88	15.68%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 1022.8196 crores during the period ended December 31, 2021 as compared to Rs.636.7422 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.158.0387 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.20.2217 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.43.82 for the period ended December 31, 2021 as compared to Rs.5.61 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 1022.8196 crs	₹636.7422 crs	60.63%
Net Profit	₹158.0387 crs	₹20.2217 crs	681.53%
EPS	₹43.82	₹5.61	681.11%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.2609.0013 crores during the 9 Months period ended December 31, 2021 as compared to Rs.1390.4649 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.394.9528 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-21.9990 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.109.51 for the 9 Months period ended December 31, 2021 as compared to Rs.-6.10 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹2609.0013 crs	₹1390.4649 crs	87.64%
Net Profit	₹394.9528 crs	₹-21.9990 crs	1,895.32%
EPS	₹109.51	₹-6.10	1,895.25%

Shares of Nahar Spinning Mills Limited was last trading in BSE at Rs. 637.90 as compared to the previous close of Rs. 611.20. The total number of shares traded during the day was 15965 in over 316 trades.

The stock hit an intraday high of Rs. 641.75 and intraday low of 605.00. The net turnover during the day was Rs. 10137124.00.

Source : Equity Bulls

Keywords

NaharSpinningMills Q3FY22 9MFY22 ResultUpdate