9th November 2021: Nitin Spinners posted strong Q2 results. Net Profit 874M Rupees Vs 119M (YOY); 600M QOQ Comparison.
- EBITDA Rupees 1.7B vs 554M (YOY)
- Q2 EBITDA Margin 26.70% Vs. 12.98% (YOY)
8th August 2021: Nitin Spinners Conference Call Update
- Order book as on date stands at 400-425 Crore
- Domestic Demand is a bit low, but the international demand is ery strong
- Competitors in yarn are no more in the game either due to political instability or else rising cotton prices
Know How to find Undervalued Stocks
Nitin Spinners Quarterly Results
| # | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| Sales | 313 | 283 | 373 | 402 | 380 | 219 | 427 | 467 | 512 | 554 | 665 |
| Expenses | 266 | 245 | 337 | 360 | 326 | 196 | 371 | 393 | 407 | 425 | 487 |
| Operating Profit | 47 | 38 | 35 | 42 | 54 | 24 | 55 | 74 | 104 | 129 | 177 |
| OPM% | 15% | 13% | 9% | 10% | 14% | 11% | 13% | 16% | 20% | 23% | 27% |
| Other Income | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | -4 |
| Interest | 8 | 8 | 13 | 13 | 21 | 15 | 15 | 16 | 16 | 14 | 14 |
| Depreciation | 14 | 14 | 21 | 21 | 24 | 23 | 23 | 23 | 22 | 22 | 22 |
| Profit before tax | 26 | 16 | 1 | 8 | 10 | -14 | 18 | 36 | 66 | 93 | 138 |
| Tax % | 32% | 35% | 30% | 29% | 34% | 34% | 34% | 35% | 36% | 35% | 36% |
| Net Profit | 18 | 11 | 1 | 6 | 7 | -9 | 12 | 23 | 43 | 60 | 87 |
| EPS in Rs | 3.18 | 1.91 | 0.13 | 1.03 | 1.16 | -1.63 | 2.12 | 4.14 | 7.62 | 10.67 | 15.54 |