Stock Report

Nitin Castings Ltd posts net profit of Rs. 1.37 crore in Q2 FY22



Posted On : 2021-11-12 17:28:02( TIMEZONE : IST )

Nitin Castings Ltd posts net profit of Rs. 1.37 crore in Q2 FY22

Nitin Castings Ltd has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 23.6431 crores during the period ended September 30, 2021 as compared to Rs. 19.0298 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 1.3701 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 1.0572 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 2.66 for the period ended September 30, 2021 as compared to Rs. 2.06 for the period ended June 30, 2021.

Financials Q2 FY2022 Q1 FY2022 % Change
Total Income ₹ 23.6431 crs ₹19.0298 crs Up Tick / Down Tick24.24%
Net Profit ₹1.3701 crs ₹1.0572 crs Up Tick / Down Tick29.60%
EPS ₹2.66 ₹2.06 Up Tick / Down Tick29.13%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 23.6431 crores during the period ended September 30, 2021 as compared to Rs.13.6847 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1.3701 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.1.2033 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.66 for the period ended September 30, 2021 as compared to Rs.2.34 for the period ended September 30, 2020.

Financials Q2 FY2022 Q2 FY2021 % Change
Total Income ₹ 23.6431 crs ₹13.6847 crs Up Tick / Down Tick72.77%
Net Profit ₹1.3701 crs ₹1.2033 crs Up Tick / Down Tick13.86%
EPS ₹2.66 ₹2.34 Up Tick / Down Tick13.68%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.42.6729 crores during the 6 Months period ended September 30, 2021 as compared to Rs.20.7943 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.2.4273 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.0.8449 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.4.72 for the 6 Months period ended September 30, 2021 as compared to Rs.1.64 for the 6 Months period ended September 30, 2020.

Financials Half Year Ended FY2022 Half Year Ended FY2021 % Change
Total Income ₹42.6729 crs ₹20.7943 crs Up Tick / Down Tick105.21%
Net Profit ₹2.4273 crs ₹0.8449 crs Up Tick / Down Tick187.29%
EPS ₹4.72 ₹1.64 Up Tick / Down Tick187.80%

Shares of Nitin Castings Ltd was last trading in BSE at Rs. 87.15 as compared to the previous close of Rs. 86.20. The total number of shares traded during the day was 390 in over 14 trades.

The stock hit an intraday high of Rs. 89.00 and intraday low of 86.50. The net turnover during the day was Rs. 33966.00.

Source : Equity Bulls

Keywords

NitinCastings Q2FY22 H1FY22 ResultUpdate