Nitin Spinners Q1FY23 net profit down QoQ to Rs. 65.58 crores

Nitin Spinners 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. 709.6515 crores during the period ended June 30, 2022 as compared to Rs. 769.5850 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 65.58 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 85.4707 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 11.66 for the period ended June 30, 2022 as compared to Rs. 15.20 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹709.6515 crs	₹769.5850 crs	-7.79%
Net Profit	₹65.58 crs	₹85.4707 crs	-23.27%
EPS	₹11.66	₹15.20	-23.29%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.709.6515 crores during the period ended June 30, 2022 as compared to Rs.553.8665 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.65.58 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.60.0135 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.11.66 for the period ended June 30, 2022 as compared to Rs.10.67 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹709.6515 crs	₹553.8665 crs	28.13%
Net Profit	₹65.58 crs	₹60.0135 crs	9.28%
EPS	₹11.66	₹10.67	9.28%

Shares of Nitin Spinners Limited was last trading in BSE at Rs. 209.65 as compared to the previous close of Rs. 209.40. The total number of shares traded during the day was 21792 in over 918 trades.

The stock hit an intraday high of Rs. 212.40 and intraday low of 203.85. The net turnover during the day was Rs. 4562918.00.

Source : Equity Bulls

Keywords

NitinSpinners Q1FY23 ResultUpdate