Nitin Spinners standalone net profit declines 59.69% in the December 2019 quarter

Sales rise 26.53% to Rs 402.24 crore

Net profit of Nitin Spinners declined 59.69% to Rs 5.80 crore in the quarter ended December 2019 as against Rs 14.39 crore during the previous quarter ended December 2018. Sales rose 26.53% to Rs 402.24 crore in the quarter ended December 2019 as against Rs 317.90 crore during the previous quarter ended December 2018. ParticularsQuarter EndedDec. 2019Dec. 2018% Var.Sales402.24317.90 27 OPM %10.4913.39 -PBDT29.5036.21 -19 PBT8.2022.43 -63 NP5.8014.39 -60

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