Maris Spinners Q3 FY22 net profit jumps to Rs. 6.50 crores

MARIS SPINNERS LTD. 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. 55.6972 crores during the period ended December 31, 2021 as compared to Rs. 45.8477 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 6.5036 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 4.1419 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 8.21 for the period ended December 31, 2021 as compared to Rs. 5.23 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 55.6972 crs	₹45.8477 crs	21.48%
Net Profit	₹6.5036 crs	₹4.1419 crs	57.02%
EPS	₹8.21	₹5.23	56.98%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 55.6972 crores during the period ended December 31, 2021 as compared to Rs.34.3278 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.6.5036 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.3.8127 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.8.21 for the period ended December 31, 2021 as compared to Rs.4.67 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 55.6972 crs	₹34.3278 crs	62.25%
Net Profit	₹6.5036 crs	₹3.8127 crs	70.58%
EPS	₹8.21	₹4.67	75.80%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.120.8667 crores during the 9 Months period ended December 31, 2021 as compared to Rs.66.9192 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.14.4344 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.0.5360 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.18.21 for the 9 Months period ended December 31, 2021 as compared to Rs.0.66 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹120.8667 crs	₹66.9192 crs	80.62%
Net Profit	₹14.4344 crs	₹0.5360 crs	2,592.99%
EPS	₹18.21	₹0.66	2,659.09%

Shares of MARIS SPINNERS LTD. was last trading in BSE at Rs. 98.00 as compared to the previous close of Rs. 97.00. The total number of shares traded during the day was 71752 in over 643 trades.

The stock hit an intraday high of Rs. 101.00 and intraday low of 87.30. The net turnover during the day was Rs. 7016117.00.

Source : Equity Bulls

Keywords

MarisSpinners Q3FY22 9MFY22 ResultUpdate