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Nitin Spinners standalone net profit rises 99.42% in the March 2022 quarter

Sales rise 50.33% to Rs 769.07 crore

May 12, 2022 3:29 IST | capital market
Net profit of Nitin Spinners rose 99.42% to Rs 85.47 crore in the quarter ended March 2022 as against Rs 42.86 crore during the previous quarter ended March 2021. Sales rose 50.33% to Rs 769.07 crore in the quarter ended March 2022 as against Rs 511.58 crore during the previous quarter ended March 2021. For the full year,net profit rose 373.56% to Rs 326.14 crore in the year ended March 2022 as against Rs 68.87 crore during the previous year ended March 2021. Sales rose 65.74% to Rs 2692.32 crore in the year ended March 2022 as against Rs 1624.41 crore during the previous year ended March 2021.
ParticularsQuarter EndedYear Ended
?Mar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.
Sales769.07511.58 50 2692.321624.41 66
OPM %21.7720.37 -24.2015.84 -
PBDT153.9588.56 74 598.11197.55 203
PBT132.4466.45 99 510.71106.52 379
NP85.4742.86 99 326.1468.87 374
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