Consolidated Quarterly Result YoY comparison
Net sales (including other operating income) of Nitin Spinners has increased 152.63% to Rs 553.64 crore.
Operating profit margin has jumped from 10.75% to 23.23%, leading to 446.16% rise in operating profit to Rs 128.62 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 63.93% to 54.99%. Employee cost decreased from 8.69% to 5.57%. Other expenses fell from 18.71% to 17.82%. Power and Oil fuel cost fell from 11.92% to 8.43%.
Other income fell 71.43% to Rs 0.22 crore. Provision for interest fell 8.73% to Rs 13.7 crore.
Provision for depreciation down 3.93% to Rs 22.25 crore.
Profit before tax stood at Rs 92.89 crore against loss of Rs 13.85 crore. Provision for tax was debit of Rs 32.88 crore, compared to credit of Rs 4.7 crore. Effective tax rate was 35.40% compared to 33.94%.
Profit after tax stood at Rs 60.01 crore as against loss of Rs 9.15 crore.
Nitin Spinners : Standalone Results
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