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Nitin Spinners Ltd posts rise in Q4FY24 profit to Rs. 39.17 crores
Posted On : 2024-05-09 23:03:42( TIMEZONE : IST )
Nitin Spinners Limited has reported Standalone financial results for the period ended March 31, 2024.
Financial Results (Q4 FY2024) - QoQ Comparison
The company has reported total income of Rs. 801.3319 crores during the period ended March 31, 2024 as compared to Rs. 750.7207 crores during the period ended December 31, 2023.
The company has posted net profit / (loss) of Rs. 39.1737 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 31.7473 crores for the period ended December 31, 2023.
The company has reported EPS of Rs. 6.97 for the period ended March 31, 2024 as compared to Rs. 5.65 for the period ended December 31, 2023.
| Financials | Q4 FY2024 | Q3 FY2024 | % Change |
| Total Income | ₹ 801.3319 crs | ₹750.7207 crs |  6.74% |
| Net Profit | ₹39.1737 crs | ₹31.7473 crs | 23.39% |
| EPS | ₹6.97 | ₹5.65 | 23.36% |
Financial Results (Q4 FY2024) - YoY Comparison
The company has reported total income of Rs. 801.3319 crores during the period ended March 31, 2024 as compared to Rs.656.1596 crores during the period ended March 31, 2023.
The company has posted net profit / (loss) of Rs.39.1737 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.38.5357 crores for the period ended March 31, 2023.
The company has reported EPS of Rs.6.97 for the period ended March 31, 2024 as compared to Rs.6.85 for the period ended March 31, 2023.
| Financials | Q4 FY2024 | Q4 FY2023 | % Change |
| Total Income | ₹ 801.3319 crs | ₹656.1596 crs | 22.12% |
| Net Profit | ₹39.1737 crs | ₹38.5357 crs | 1.66% |
| EPS | ₹6.97 | ₹6.85 | 1.75% |
Financial Results (Year Ended FY2024) - YoY Comparison
The company has reported total income of Rs.2907.8986 crores during the Financial Year ended March 31, 2024 as compared to Rs.2410.0169 crores during the Financial Year ended March 31, 2023.
The company has posted net profit / (loss) of Rs.131.5182 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.164.8105 crores for the Financial Year ended March 31, 2023.
The company has reported EPS of Rs.23.39 for the Financial Year ended March 31, 2024 as compared to Rs.29.32 for the Financial Year ended March 31, 2023.
| Financials | Year Ended FY2024 | Year Ended FY2023 | % Change |
| Total Income | ₹2907.8986 crs | ₹2410.0169 crs | 20.66% |
| Net Profit | ₹131.5182 crs | ₹164.8105 crs |  -20.20% |
| EPS | ₹23.39 | ₹29.32 | -20.23% |
Shares of Nitin Spinners Limited was last trading in BSE at Rs. 362.55 as compared to the previous close of Rs. 360.35. The total number of shares traded during the day was 7959 in over 617 trades.
The stock hit an intraday high of Rs. 367.00 and intraday low of 357.00. The net turnover during the day was Rs. 2894502.00.
