Nitin Spinners standalone net profit rises 557.36% in the March 2021 quarter

Sales rise 34.58% to Rs 511.58 crore

Net profit of Nitin Spinners rose 557.36% to Rs 42.86 crore in the quarter ended March 2021 as against Rs 6.52 crore during the previous quarter ended March 2020. Sales rose 34.58% to Rs 511.58 crore in the quarter ended March 2021 as against Rs 380.13 crore during the previous quarter ended March 2020.

For the full year,net profit rose 189.13% to Rs 68.87 crore in the year ended March 2021 as against Rs 23.82 crore during the previous year ended March 2020. Sales rose 12.96% to Rs 1624.41 crore in the year ended March 2021 as against Rs 1438.06 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales511.58380.13 35 1624.411438.06 13 OPM %20.3714.31 -15.8411.81 - PBDT88.5634.34 158 197.55116.35 70 PBT66.459.93 569 106.5235.65 199 NP42.866.52 557 68.8723.82 189

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