Stock Report

Nitin Spinners Ltd Q3FY21 net profit jumps to Rs. 23.24 crore



Posted On : 2021-01-28 15:05:39( TIMEZONE : IST )

Nitin Spinners Ltd Q3FY21 net profit jumps to Rs. 23.24 crore

NITIN SPINNERS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.467.66 crores during the period ended December 31, 2020 as compared to Rs.426.98 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.23.24 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.11.92 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.4.13 for the period ended December 31, 2020 as compared to Rs.2.12 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 467.66 crs₹ 426.98 crsUp Tick 9.53%
Net Profit₹ 23.24 crs₹ 11.92 crsUp Tick 94.97%
EPS₹ 4.13₹ 2.12Up Tick 94.81%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.467.66 crores during the period ended December 31, 2020 as compared to Rs.403.02 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.23.24 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.5.80 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.13 for the period ended December 31, 2020 as compared to Rs.1.03 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 467.66 crs₹ 403.02 crsUp Tick 16.04%
Net Profit₹ 23.24 crs₹ 5.80 crsUp Tick 300.69%
EPS₹ 4.13₹ 1.03Up Tick 300.97%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1114.55 crores during the 9 months period ended December 31, 2020 as compared to Rs.1059.43 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.26.01 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.17.29 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.4.63 for the 9 months period ended December 31, 2020 as compared to Rs.3.08 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 1114.55 crs₹ 1059.43 crsUp Tick 5.2%
Net Profit₹ 26.01 crs₹ 17.29 crsUp Tick 50.43%
EPS₹ 4.63₹3.08Up Tick 50.32%

Shares of NITIN SPINNERS LTD. was last trading in BSE at Rs.75.7 as compared to the previous close of Rs. 79.4. The total number of shares traded during the day was 24486 in over 66 trades.

The stock hit an intraday high of Rs. 78.95 and intraday low of 75.5. The net turnover during the day was Rs. 1871621.

Source : Equity Bulls

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