Nitin Castings standalone net profit rises 23.13% in the March 2022 quarter

Sales rise 29.93% to Rs 27.91 crore

Net profit of Nitin Castings rose 23.13% to Rs 1.65 crore in the quarter ended March 2022 as against Rs 1.34 crore during the previous quarter ended March 2021. Sales rose 29.93% to Rs 27.91 crore in the quarter ended March 2022 as against Rs 21.48 crore during the previous quarter ended March 2021.

For the full year,net profit rose 58.28% to Rs 5.16 crore in the year ended March 2022 as against Rs 3.26 crore during the previous year ended March 2021. Sales rose 55.74% to Rs 96.51 crore in the year ended March 2022 as against Rs 61.97 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales27.9121.48 30 96.5161.97 56 OPM %7.889.82 -6.819.02 - PBDT2.612.18 20 8.526.13 39 PBT2.111.62 30 6.523.92 66 NP1.651.34 23 5.163.26 58

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