Stock Report

Nahar Spinning Mills Ltd Q2 FY2023 net profit declines to Rs. 39.76 crores



Posted On : 2022-11-11 21:55:33( TIMEZONE : IST )

Nahar Spinning Mills Ltd Q2 FY2023 net profit declines to Rs. 39.76 crores

Nahar Spinning Mills Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 673.9806 crores during the period ended September 30, 2022 as compared to Rs. 872.6295 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 39.7632 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 72.2524 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 11.03 for the period ended September 30, 2022 as compared to Rs. 20.03 for the period ended June 30, 2022.

Financials Q2 FY2023 Q1 FY2023 % Change
Total Income ₹673.9806 crs ₹872.6295 crs Up Tick / Down Tick-22.76%
Net Profit ₹39.7632 crs ₹72.2524 crs Up Tick / Down Tick-44.97%
EPS ₹11.03 ₹20.03 Up Tick / Down Tick-44.93%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.673.9806 crores during the period ended September 30, 2022 as compared to Rs.846.6526 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.39.7632 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.136.5790 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.11.03 for the period ended September 30, 2022 as compared to Rs.37.88 for the period ended September 30, 2021.

Financials Q2 FY2023 Q2 FY2022 % Change
Total Income ₹673.9806 crs ₹846.6526 crs Up Tick / Down Tick-20.39%
Net Profit ₹39.7632 crs ₹136.5790 crs Up Tick / Down Tick-70.89%
EPS ₹11.03 ₹37.88 Up Tick / Down Tick-70.88%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1546.6101 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1586.1817 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.112.0156 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.236.9141 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.31.06 for the 6 Months period ended September 30, 2022 as compared to Rs.65.69 for the 6 Months period ended September 30, 2021.

Financials Half Year Ended FY2023 Half Year Ended FY2022 % Change
Total Income ₹1546.6101 crs ₹1586.1817 crs Up Tick / Down Tick-2.49%
Net Profit ₹112.0156 crs ₹236.9141 crs Up Tick / Down Tick-52.72%
EPS ₹31.06 ₹65.69 Up Tick / Down Tick-52.72%

Shares of Nahar Spinning Mills Limited was last trading in BSE at Rs. 276.70 as compared to the previous close of Rs. 286.45. The total number of shares traded during the day was 5666 in over 376 trades.

The stock hit an intraday high of Rs. 285.05 and intraday low of 275.95. The net turnover during the day was Rs. 1577195.00.

Source : Equity Bulls

Keywords

NaharSpinningMills Q2FY23 H1FY23 ResultUpdate