MV Cotspin reports standalone net profit of Rs 0.88 crore in the March 2021 quarter

Sales rise 190.37% to Rs 7.84 crore

Net profit of MV Cotspin reported to Rs 0.88 crore in the quarter ended March 2021 as against net loss of Rs 0.23 crore during the previous quarter ended March 2020. Sales rose 190.37% to Rs 7.84 crore in the quarter ended March 2021 as against Rs 2.70 crore during the previous quarter ended March 2020.

For the full year,net profit rose 68.75% to Rs 2.16 crore in the year ended March 2021 as against Rs 1.28 crore during the previous year ended March 2020. Sales rose 28.26% to Rs 17.43 crore in the year ended March 2021 as against Rs 13.59 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales7.842.70 190 17.4313.59 28 OPM %11.99-8.15 -13.8310.96 - PBDT0.94-0.24 LP 2.351.38 70 PBT0.90-0.27 LP 2.181.24 76 NP0.88-0.23 LP 2.161.28 69

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