Salona Cotspin Ltd Q1FY22 net profit surges to Rs. 4.71 crore

Salona Cotspin Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.141.46 crores during the period ended June 30, 2021 as compared to Rs.81.34 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.4.71 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.2.11 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.8.96 for the period ended June 30, 2021 as compared to Rs.4.01 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 141.46 crs	₹ 81.34 crs	73.91%
Net Profit	₹ 4.71 crs	₹ 2.11 crs	123.22%
EPS	₹ 8.96	₹ 4.01	123.44%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.141.46 crores during the period ended June 30, 2021 as compared to Rs.24.94 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.4.71 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.0.1959 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.8.96 for the period ended June 30, 2021 as compared to Rs.0.37 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 141.46 crs	₹ 24.94 crs	467.2%
Net Profit	₹ 4.71 crs	₹ 0.1959 crs	2304.29%
EPS	₹ 8.96	₹ 0.37	2321.62%

Shares of Salona Cotspin Ltd. was last trading in BSE at Rs. 203.45 as compared to the previous close of Rs. 188. The total number of shares traded during the day was 4731 in over 203 trades.

The stock hit an intraday high of Rs. 206 and intraday low of 175. The net turnover during the day was Rs. 937437.

Source : Equity Bulls

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