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

12 May 2022 , 03:29 PM

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.

Particulars	Quarter Ended	Year Ended
?	Mar. 2022	Mar. 2021	% Var.	Mar. 2022	Mar. 2021	% Var.
Sales	769.07	511.58	50	2692.32	1624.41	66
OPM %	21.77	20.37	–	24.20	15.84	–
PBDT	153.95	88.56	74	598.11	197.55	203
PBT	132.44	66.45	99	510.71	106.52	379
NP	85.47	42.86	99	326.14	68.87	374

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