Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 22.28 % in the past year, substantial increase in net sales/revenue by 6.7 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -55.47 %, Marginal increase in other income during this quarter, up by 103.33%.
- Profit over the Year and quarter: Significant improvement in profitability for Nitin Spinners Ltd.. Notable increase of 1.66 % in net profit Year to Year, Nitin Spinners Ltd.’s profitability increased by 23.39 % in this quarter.
- EPS over the Year and quarter: EPS increased by 1.75 % Year to Year. EPS increased by 23.36 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 654.795 Cr | Rs. 750.425 Cr | Rs. 800.714 Cr | + 6.7 % | + 22.28 % |
| Expenses | Rs. 583.84 Cr | Rs. 647.69 Cr | Rs. 684.47 Cr | + 5.68 % | + 17.24 % |
| Operating Profit | Rs. 70.95 Cr | Rs. 102.74 Cr | Rs. 116.24 Cr | + 13.14 % | + 63.83 % |
| OPM % | 10.84 % | 13.69 % | 14.52 % | + 0.83 % | + 3.68 % |
| Other Income | Rs. 1.37 Cr | Rs. 0.3 Cr | Rs. 0.61 Cr | + 103.33 % | -55.47 % |
| Interest | Rs. 10.28 Cr | Rs. 25.16 Cr | Rs. 27.83 Cr | + 10.61 % | + 170.72 % |
| Depreciation | Rs. 21.3 Cr | Rs. 34.78 Cr | Rs. 36.25 Cr | + 4.23 % | + 70.19 % |
| Profit before tax | Rs. 40.74 Cr | Rs. 43.1 Cr | Rs. 52.77 Cr | + 22.44 % | + 29.53 % |
| Tax % | 5.42 % | 26.32 % | 25.78 % | -0.54 % | + 20.36 % |
| Net Profit | Rs. 38.54 Cr | Rs. 31.75 Cr | Rs. 39.17 Cr | + 23.37 % | + 1.63 % |
| EPS in Rs | Rs. 6.85 | Rs. 5.65 | Rs. 6.97 | + 23.36 % | + 1.75 % |
Today, we’re looking at Nitin Spinners Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 22.28 %. However, it did see a marginal increase of 6.7 % from the previous quarter. Expenses ticked up slightly by 5.68 % quarter-on-quarter, aligning with the annual rise of 17.24 %. Operating profit, while up 63.83 % compared to last year, faced a quarter-on-quarter increase of 13.14 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.68 %, but an expansion of 0.83 % sequentially. Other income rose by 103.33 % compared to the last quarter, despite an annual decline of -55.47 %. Interest expenses surged remarkably by 10.61 % from the previous quarter, yet the year-over-year increase remains at a moderate 170.72 %. Depreciation costs climbed by 4.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 70.19 %. Profit before tax grew annually by 29.53 % but saw an increase from the preceding quarter by 22.44 %.
Tax expenses as a percentage of profits increased slightly by 20.36 % compared to last year, with a more notable quarter-on-quarter decrease of -0.54 %. Net profit rose by 1.63 % year-on-year but experienced a 23.37 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1.75 % but a quarterly rise of 23.36 %. In summary, Nitin Spinners Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 654.795 Cr | Rs. 750.425 Cr | Rs. 800.714 Cr | + 6.7 % | + 22.28 % |
| Expenses | Rs. 583.84 Cr | Rs. 647.69 Cr | Rs. 684.47 Cr | + 5.68 % | + 17.24 % |
| Operating Profit | Rs. 70.95 Cr | Rs. 102.74 Cr | Rs. 116.24 Cr | + 13.14 % | + 63.83 % |
| Net Profit | Rs. 38.54 Cr | Rs. 31.75 Cr | Rs. 39.17 Cr | + 23.37 % | + 1.63 % |
| EPS in Rs | Rs. 6.85 | Rs. 5.65 | Rs. 6.97 | + 23.36 % | + 1.75 % |
In reviewing Nitin Spinners Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.28 % year-on-year growth, however, there was a minor increase of 6.7 % from the previous quarter. Expenses rose by 17.24 % compared to the previous year, with a 5.68 % increase quarter-on-quarter. Operating Profit surged by 63.83 % annually, and saw a 13.14 % increase from the last quarter.
Net Profit showed yearly increase of 1.63 %, and experienced a 23.37 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1.75 % annually, however rose by 23.36 % compared to the last quarter. In essence, while Nitin Spinners Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
