Nitin Spinners standalone net profit rises 22.48% in the March 2019 quarter

Sales rise 9.36% to Rs 313.25 crore

Net profit of Nitin Spinners rose 22.48% to Rs 17.87 crore in the quarter ended March 2019 as against Rs 14.59 crore during the previous quarter ended March 2018. Sales rose 9.36% to Rs 313.25 crore in the quarter ended March 2019 as against Rs 286.45 crore during the previous quarter ended March 2018.

For the full year,net profit rose 22.37% to Rs 64.11 crore in the year ended March 2019 as against Rs 52.39 crore during the previous year ended March 2018. Sales rose 8.49% to Rs 1242.51 crore in the year ended March 2019 as against Rs 1145.25 crore during the previous year ended March 2018.

ParticularsQuarter EndedYear EndedMar. 2019Mar. 2018% Var.Mar. 2019Mar. 2018% Var.Sales313.25286.45 9 1242.511145.25 8 OPM %14.9314.65 -14.3313.53 - PBDT39.6235.42 12 151.95127.63 19 PBT26.1221.86 19 97.3171.44 36 NP17.8714.59 22 64.1152.39 22

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