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Nitin Spinners net profit declines 98.59% in the March 2013 quarter

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Capital Market
Net profit of Nitin Spinners declined 98.59% to Rs 0.10 crore in the quarter ended March 2013 as against Rs 7.07 crore during the previous quarter ended March 2012. Sales rose 4.10% to Rs 116.92 crore in the quarter ended March 2013 as against Rs 112.32 crore during the previous quarter ended March 2012.

For the Audited full year,net profit rose 4613.33% to Rs 14.14 crore in the year ended March 2013 as against Rs 0.30 crore during the previous year ended March 2012. Sales rose 4.14% to Rs 446.05 crore in the year ended March 2013 as against Rs 428.30 crore during the previous year ended March 2012.

 
ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales116.92112.32 4 446.05428.30 4 OPM %23.2118.99 22 19.7610.55 87 PBDT20.9016.29 28 60.2224.28 148 PBT14.9310.32 45 35.720.30 11807 NP0.107.07 -99 14.140.30 4613

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First Published: May 02 2013 | 5:32 PM IST

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