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Nitin Spinners Ltd posts jump in Q4FY21 PAT to Rs. 42.85 crore

Posted On: 2021-05-08 10:01:08 (Time Zone: UTC)


NITIN SPINNERS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.511.75 crores during the period ended March 31, 2021 as compared to Rs.467.66 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.42.85 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.23.24 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.7.62 for the period ended March 31, 2021 as compared to Rs.4.13 for the period ended December 31, 2020.

FinancialsQ4 FY20-21Q3 FY20-21% Change
Total Income₹ 511.75 crs₹ 467.66 crsUp Tick 9.43%
Net Profit₹ 42.85 crs₹ 23.24 crsUp Tick 84.38%
EPS₹ 7.62₹ 4.13Up Tick 84.5%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.511.75 crores during the period ended March 31, 2021 as compared to Rs.380.75 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.42.85 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.6.51 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.7.62 for the period ended March 31, 2021 as compared to Rs.1.16 for the period ended March 31, 2020.

FinancialsQ4 FY20-21Q4 FY19-20% Change
Total Income₹ 511.75 crs₹ 380.75 crsUp Tick 34.41%
Net Profit₹ 42.85 crs₹ 6.51 crsUp Tick 558.22%
EPS₹ 7.62₹ 1.16Up Tick 556.9%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1626.31 crores during the 12 months period ended March 31, 2021 as compared to Rs.1440.18 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.68.87 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.23.81 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.12.25 for the 12 months period ended March 31, 2021 as compared to Rs.4.24 for the 12 months period ended March 31, 2020.

FinancialsYear Ended FY20-21Year Ended FY19-20% Change
Total Income₹ 1626.31 crs₹ 1440.18 crsUp Tick 12.92%
Net Profit₹ 68.87 crs₹ 23.81 crsUp Tick 189.25%
EPS₹ 12.25₹4.24Up Tick 188.92%

Shares of NITIN SPINNERS LTD. was last trading in BSE at Rs.102.8 as compared to the previous close of Rs. 98.55. The total number of shares traded during the day was 174970 in over 2633 trades.

The stock hit an intraday high of Rs. 105.8 and intraday low of 99.1. The net turnover during the day was Rs. 18082766.


Source: Equity Bulls

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