Nahar Spinning Mills Ltd Q1FY24 loss at Rs. 17.50 crores

Nahar Spinning Mills Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 752.0114 crores during the period ended June 30, 2023 as compared to Rs. 733.0269 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -17.5050 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 9.7929 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -4.85 for the period ended June 30, 2023 as compared to Rs. 2.71 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 752.0114 crs	₹733.0269 crs	2.59%
Net Profit	₹-17.5050 crs	₹9.7929 crs	-278.75%
EPS	₹-4.85	₹2.71	-278.97%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 752.0114 crores during the period ended June 30, 2023 as compared to Rs.872.6295 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-17.5050 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.72.2524 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-4.85 for the period ended June 30, 2023 as compared to Rs.20.03 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 752.0114 crs	₹872.6295 crs	-13.82%
Net Profit	₹-17.5050 crs	₹72.2524 crs	-124.23%
EPS	₹-4.85	₹20.03	-124.21%

Shares of Nahar Spinning Mills Limited was last trading in BSE at Rs. 250.30 as compared to the previous close of Rs. 251.00. The total number of shares traded during the day was 4573 in over 722 trades.

The stock hit an intraday high of Rs. 254.00 and intraday low of 249.90. The net turnover during the day was Rs. 1149512.00.

Source : Equity Bulls

Keywords

NaharSpinningMills Q1FY24 ResultUpdate