Nitin Castings Q3 FY2022 net profit drops QoQ

Nitin Castings 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. 27.6360 crores during the period ended December 31, 2021 as compared to Rs. 23.6431 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 1.0778 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 1.3701 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 2.096 for the period ended December 31, 2021 as compared to Rs. 2.665 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 27.6360 crs	₹23.6431 crs	16.89%
Net Profit	₹1.0778 crs	₹1.3701 crs	-21.33%
EPS	₹2.096	₹2.665	-21.35%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 27.6360 crores during the period ended December 31, 2021 as compared to Rs.20.88 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.1.0778 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.1.0706 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.096 for the period ended December 31, 2021 as compared to Rs.2.082 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 27.6360 crs	₹20.88 crs	32.36%
Net Profit	₹1.0778 crs	₹1.0706 crs	0.67%
EPS	₹2.096	₹2.082	0.67%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.70.3089 crores during the 9 Months period ended December 31, 2021 as compared to Rs.41.6743 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.3.5051 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.1.9155 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.6.817 for the 9 Months period ended December 31, 2021 as compared to Rs.3.726 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹70.3089 crs	₹41.6743 crs	68.71%
Net Profit	₹3.5051 crs	₹1.9155 crs	82.99%
EPS	₹6.817	₹3.726	82.96%

Shares of Nitin Castings Ltd was last trading in BSE at Rs. 114.95 as compared to the previous close of Rs. 112.85. The total number of shares traded during the day was 366 in over 22 trades.

The stock hit an intraday high of Rs. 115.00 and intraday low of 106.65. The net turnover during the day was Rs. 40921.00.

Source : Equity Bulls

Keywords

NitinCastings Q3FY22 9MFY22 ResultUpdate