Nitin Spinners disclosed a small rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 8.77% to Rs 87.67 million from Rs 80.60 million in the same quarter previous year.
Net sales for the quarter rose 13.34% to Rs 1,327.05 million, compared with Rs 1,171 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.91, registering 8.52% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,327.05 | 1,170.90 | 13.34 |
Net Profit | 87.67 | 80.60 | 8.77 |
Basic EPS | 1.91 | 1.76 | 8.52 |
Shares of the company gained Rs 0.1, or 0.46%, to trade at Rs 22.00. The total volume of shares traded was 44,244 at the BSE (3.53 p.m., Monday).