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Stock Report
Nitin Spinners Ltd Q2 FY2022-23 profit falls to Rs. 29.11 crores
Posted On : 2022-11-08 13:22:49( TIMEZONE : IST )
Nitin Spinners Limited has reported Standalone financial results for the period ended September 30, 2022.
Financial Results (Q2 FY2023) - QoQ Comparison
The company has reported total income of Rs. 506.7180 crores during the period ended September 30, 2022 as compared to Rs. 709.6515 crores during the period ended June 30, 2022.
The company has posted net profit / (loss) of Rs. 29.1124 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 65.58 crores for the period ended June 30, 2022.
The company has reported EPS of Rs. 5.18 for the period ended September 30, 2022 as compared to Rs. 11.66 for the period ended June 30, 2022.
| Financials | Q2 FY2023 | Q1 FY2023 | % Change |
| Total Income | ₹ 506.7180 crs | ₹709.6515 crs |  -28.60% |
| Net Profit | ₹29.1124 crs | ₹65.58 crs | -55.61% |
| EPS | ₹5.18 | ₹11.66 | -55.57% |
Financial Results (Q2 FY2023) - YoY Comparison
The company has reported total income of Rs. 506.7180 crores during the period ended September 30, 2022 as compared to Rs.665.3219 crores during the period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.29.1124 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.87.3927 crores for the period ended September 30, 2021.
The company has reported EPS of Rs.5.18 for the period ended September 30, 2022 as compared to Rs.15.54 for the period ended September 30, 2021.
| Financials | Q2 FY2023 | Q2 FY2022 | % Change |
| Total Income | ₹ 506.7180 crs | ₹665.3219 crs | -23.84% |
| Net Profit | ₹29.1124 crs | ₹87.3927 crs | -66.69% |
| EPS | ₹5.18 | ₹15.54 | -66.67% |
Financial Results (Half Year Ended FY2023) - YoY Comparison
The company has reported total income of Rs.1216.3695 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1219.1884 crores during the 6 Months period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.94.6924 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.147.4062 crores for the 6 Months period ended September 30, 2021.
The company has reported EPS of Rs.16.84 for the 6 Months period ended September 30, 2022 as compared to Rs.26.22 for the 6 Months period ended September 30, 2021.
| Financials | Half Year Ended FY2023 | Half Year Ended FY2022 | % Change |
| Total Income | ₹1216.3695 crs | ₹1219.1884 crs | -0.23% |
| Net Profit | ₹94.6924 crs | ₹147.4062 crs | -35.76% |
| EPS | ₹16.84 | ₹26.22 | -35.77% |
Shares of Nitin Spinners Limited was last trading in BSE at Rs. 208.10 as compared to the previous close of Rs. 207.85. The total number of shares traded during the day was 7969 in over 549 trades.
The stock hit an intraday high of Rs. 209.35 and intraday low of 205.10. The net turnover during the day was Rs. 1649529.00.
