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Nitin Spinners standalone net profit declines 7.64% in the March 2016 quarter

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Capital Market

Sales rise 1.17% to Rs 190.30 crore

Net profit of Nitin Spinners declined 7.64% to Rs 11.37 crore in the quarter ended March 2016 as against Rs 12.31 crore during the previous quarter ended March 2015. Sales rose 1.17% to Rs 190.30 crore in the quarter ended March 2016 as against Rs 188.10 crore during the previous quarter ended March 2015.

For the full year,net profit rose 7.81% to Rs 44.16 crore in the year ended March 2016 as against Rs 40.96 crore during the previous year ended March 2015. Sales rose 24.40% to Rs 766.87 crore in the year ended March 2016 as against Rs 616.47 crore during the previous year ended March 2015.

 
ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales190.30188.10 1 766.87616.47 24 OPM %16.3416.79 -17.9516.28 - PBDT25.3825.40 0 104.7681.69 28 PBT15.6516.87 -7 65.2053.75 21 NP11.3712.31 -8 44.1640.96 8

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First Published: May 05 2016 | 3:30 PM IST

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