Nitin Spinners standalone net profit rises 38.26% in the March 2017 quarter

Capital Market May 6, 2017 Last Updated at 15:36 IST

Sales rise 49.87% to Rs 285.20 crore

Net profit of Nitin Spinners rose 38.26% to Rs 15.72 crore in the quarter ended March 2017 as against Rs 11.37 crore during the previous quarter ended March 2016. Sales rose 49.87% to Rs 285.20 crore in the quarter ended March 2017 as against Rs 190.30 crore during the previous quarter ended March 2016.

For the full year,net profit rose 29.42% to Rs 57.15 crore in the year ended March 2017 as against Rs 44.16 crore during the previous year ended March 2016. Sales rose 21.71% to Rs 933.38 crore in the year ended March 2017 as against Rs 766.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales285.20190.30 50 933.38766.87 22 OPM %13.1016.34 -14.3417.95 - PBDT31.0225.38 22 111.67104.76 7 PBT19.1515.65 22 70.0265.20 7 NP15.7211.37 38 57.1544.16 29

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