The companys profit before tax tumbled 17.6% to Rs 76.52 crore in the first quarter as against Rs 92.89 crore reported in Q1 FY22. Total expense surged 37.34% YoY to Rs 633.13 crore in Q1 FY23. Cost of materials consumed was at Rs 539.29 crore (up 64.88% YoY) and employee expenses stood at Rs 34.84 crore (up 5.19% YoY). EBITDA dropped 15% to Rs 108.94 crore in Q1 FY23 as against Rs 128.62 crore posted in Q1 FY22. EBITDA margin declined to 15.4% in Q1 FY23 as compared to 23.2% reported in the corresponding quarter previous year. Nitin Spinners is engaged in manufacturing of cotton and blended yarn, knitted fabrics and woven fabrics. Shares of Nitin Spinners slipped 3.22% to Rs 205.70 on the BSE. Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.