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Stock Report
Nitin Spinners Ltd Q4FY23 PAT up QoQ at Rs. 38.53 crores
Posted On : 2023-05-06 15:41:29( TIMEZONE : IST )
Nitin Spinners Limited has reported Standalone financial results for the period ended March 31, 2023.
Financial Results (Q4 FY2023) - QoQ Comparison
The company has reported total income of Rs. 656.1596 crores during the period ended March 31, 2023 as compared to Rs. 537.4878 crores during the period ended December 31, 2022.
The company has posted net profit / (loss) of Rs. 38.5357 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 31.5824 crores for the period ended December 31, 2022.
The company has reported EPS of Rs. 6.85 for the period ended March 31, 2023 as compared to Rs. 5.62 for the period ended December 31, 2022.
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹656.1596 crs | ₹537.4878 crs |  22.08% |
| Net Profit | ₹38.5357 crs | ₹31.5824 crs | 22.02% |
| EPS | ₹6.85 | ₹5.62 | 21.89% |
Financial Results (Q4 FY2023) - YoY Comparison
The company has reported total income of Rs.656.1596 crores during the period ended March 31, 2023 as compared to Rs.769.5850 crores during the period ended March 31, 2022.
The company has posted net profit / (loss) of Rs.38.5357 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.85.4707 crores for the period ended March 31, 2022.
The company has reported EPS of Rs.6.85 for the period ended March 31, 2023 as compared to Rs.15.20 for the period ended March 31, 2022.
| Financials | Q4 FY2023 | Q4 FY2022 | % Change |
| Total Income | ₹656.1596 crs | ₹769.5850 crs |  -14.74% |
| Net Profit | ₹38.5357 crs | ₹85.4707 crs | -54.91% |
| EPS | ₹6.85 | ₹15.20 | -54.93% |
Financial Results (Year Ended FY2023) - YoY Comparison
The company has reported total income of Rs.2410.0169 crores during the Financial Year ended March 31, 2023 as compared to Rs.2694.1575 crores during the Financial Year ended March 31, 2022.
The company has posted net profit / (loss) of Rs.164.8105 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.326.1377 crores for the Financial Year ended March 31, 2022.
The company has reported EPS of Rs.29.32 for the Financial Year ended March 31, 2023 as compared to Rs.58.01 for the Financial Year ended March 31, 2022.
| Financials | Year Ended FY2023 | Year Ended FY2022 | % Change |
| Total Income | ₹2410.0169 crs | ₹2694.1575 crs | -10.55% |
| Net Profit | ₹164.8105 crs | ₹326.1377 crs | -49.47% |
| EPS | ₹29.32 | ₹58.01 | -49.46% |
Shares of Nitin Spinners Limited was last trading in BSE at Rs. 251.35 as compared to the previous close of Rs. 257.00. The total number of shares traded during the day was 20471 in over 480 trades.
The stock hit an intraday high of Rs. 263.15 and intraday low of 248.25. The net turnover during the day was Rs. 5178961.00.
