Nahar Spinning Mills Ltd Q1 FY2022-23 net profit declines to Rs. 72.25 crores

Nahar Spinning Mills Limited has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 872.6295 crores during the period ended June 30, 2022 as compared to Rs. 999.3721 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 72.2524 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 107.2349 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 20.03 for the period ended June 30, 2022 as compared to Rs. 29.99 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 872.6295 crs	₹999.3721 crs	-12.68%
Net Profit	₹72.2524 crs	₹107.2349 crs	-32.62%
EPS	₹20.03	₹29.99	-33.21%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 872.6295 crores during the period ended June 30, 2022 as compared to Rs.739.5291 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.72.2524 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.100.3351 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.20.03 for the period ended June 30, 2022 as compared to Rs.27.81 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 872.6295 crs	₹739.5291 crs	18.00%
Net Profit	₹72.2524 crs	₹100.3351 crs	-27.99%
EPS	₹20.03	₹27.81	-27.98%

Shares of Nahar Spinning Mills Limited was last trading in BSE at Rs. 336.95 as compared to the previous close of Rs. 327.05. The total number of shares traded during the day was 9343 in over 908 trades.

The stock hit an intraday high of Rs. 342.30 and intraday low of 326.60. The net turnover during the day was Rs. 3126759.00.

Source : Equity Bulls

Keywords

NaharSpinningMills Q1FY23 ResultUpdate