Nitin Spinners reports Rs. 85.47 crores net profit in Q4 FY22

Nitin Spinners Limited has reported Standalone financial results for the period ended March 31, 2022.

Financial Results (Q4 FY2022) - QoQ Comparison

The company has reported total income of Rs. 769.5850 crores during the period ended March 31, 2022 as compared to Rs. 705.3841 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs. 85.4707 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs. 93.2608 crores for the period ended December 31, 2021.

The company has reported EPS of Rs. 15.20 for the period ended March 31, 2022 as compared to Rs. 16.59 for the period ended December 31, 2021.

Financials	Q4 FY2022	Q3 FY2022	% Change
Total Income	₹ 769.5850 crs	₹705.3841 crs	9.10%
Net Profit	₹85.4707 crs	₹93.2608 crs	-8.35%
EPS	₹15.20	₹16.59	-8.38%

Financial Results (Q4 FY2022) - YoY Comparison

The company has reported total income of Rs. 769.5850 crores during the period ended March 31, 2022 as compared to Rs.511.7527 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.85.4707 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs.42.8551 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.15.20 for the period ended March 31, 2022 as compared to Rs.7.62 for the period ended March 31, 2021.

Financials	Q4 FY2022	Q4 FY2021	% Change
Total Income	₹ 769.5850 crs	₹511.7527 crs	50.38%
Net Profit	₹85.4707 crs	₹42.8551 crs	99.44%
EPS	₹15.20	₹7.62	99.48%

Financial Results (Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.2694.1575 crores during the Financial Year ended March 31, 2022 as compared to Rs.1626.3115 crores during the Financial Year ended March 31, 2021.

The company has posted net profit / (loss) of Rs.326.1377 crores for the Financial Year ended March 31, 2022 as against net profit / (loss) of Rs.68.8719 crores for the Financial Year ended March 31, 2021.

The company has reported EPS of Rs.58.01 for the Financial Year ended March 31, 2022 as compared to Rs.12.25 for the Financial Year ended March 31, 2021.

Financials	Year Ended FY2022	Year Ended FY2021	% Change
Total Income	₹2694.1575 crs	₹1626.3115 crs	65.66%
Net Profit	₹326.1377 crs	₹68.8719 crs	373.54%
EPS	₹58.01	₹12.25	373.55%

Shares of Nitin Spinners Limited was last trading in BSE at Rs. 227.90 as compared to the previous close of Rs. 211.05. The total number of shares traded during the day was 98266 in over 3554 trades.

The stock hit an intraday high of Rs. 232.15 and intraday low of 201.15. The net turnover during the day was Rs. 21643334.00.

Source : Equity Bulls

Keywords

NitinSpinners Q4FY22 FY2022 ResultUpdate