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Nitin Spinners Ltd Q1FY24; 56% fall in Profits

Nitin Spinners is engaged in the business of Yarn and Cotton Knitted Fabric.

Financial Results:

Nitin Spinners Ltd reported Revenues for Q1FY24 of ₹617.00 Crores down from ₹709.00 Crore year on year, a fall of 12.98%.

Total Expenses for Q1FY24 of ₹579.00 Crores down from ₹633.00 Crores year on year, a fall of 8.53%.

Consolidated Net Profit of ₹29.00 Crores down 56.06% from ₹66.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.14, down 55.92% from ₹11.66 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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